Ingleby Drive, Glasgow
Our UK based client was looking to diversify out of England and was keen to secure a property in a prime rental location with a strong rental return. We sourced, decorated, and furnished this 2-bed apartment in Glasgow’s popular Dennistoun district. Tenants were secured by our property management partners PropOp within 2 weeks and for over the target rent.
Here are the headline stats:
Bedrooms: 2
Purchase Price: £193,000
Refurbishment: £2,950
Target Rent: £1100 per month
Rental Yield: 6.8%
*Total outlay: £218,140 (cash purchase)
*Total outlay: £89,140 (mortgaged at 75% loan to value)
Actual Rent achieved: £1,150 per month
Actual Yield: 7.2%
*Total outlay includes purchase price, legal fees, LBTT Stamp Duty, sourcing fee, refurb, and furnishing
