We sourced and furnished this outstanding 2-bedroom, Edinburgh apartment as an investment property for our UAE based client. We then handed over to our trusted property management partner PropOp to find tenants and look after the ongoing management.
Here are the headline stats:
Purchase price: £255,000
Renovation: Not required
Proposed rent: £1,200 per month
Achieved rent: £1,250 per month
Proposed yield: 5.6%
Achieved yield: 5.9%
With a buy to let mortgage at 75% LTV, the total cash outlay including start-up costs was £91,800
