Baxter Park, Stobswell, Dundee
This property was newly renovated when we sourced it for our client. We carried out some small snagging repairs and a bit of décor ahead of furnishing and getting it ready to rent. As an experienced investor based in Singapore, our client was looking for a high yielding property to add to his existing portfolio.
Here are the headline stats:
Bedrooms: 1
Purchase Price: £73,150
Refurbishment: £950
Target Rent: £550 per month
Rental Yield: 9%
*Total outlay: £127,510 (cash purchase)
*Total outlay: £33,789 (mortgaged at 75% loan)
Actual Rent achieved: £600 per month
Actual Yield: 9.8%
*Total outlay includes purchase price, legal fees, LBTT Stamp Duty, sourcing fee, refurb, and furnishing
