Golfhill Drive, Glasgow
This property was sourced as a first buy to let investment in Scotland for our London based client. It was newly renovated at the time of purchase so only furnishing was required to get it ready to rent. It rented by our property management partner PropOp within one week of viewings commencing.
Here are the headline stats:
Bedrooms: 2
Purchase Price: £220,000
Refurbishment: £0
Target Rent: £1100 per month
Rental Yield: 6%
*Total outlay: £245,980 (cash purchase)
*Total outlay: £80,310 (mortgaged at 75% loan)
Actual Rent achieved: £1,225 per month
Actual Yield: 6.7%
*Total outlay includes purchase price, legal fees, LBTT Stamp Duty, sourcing fee, refurb, and furnishing
