Scott Street, West End, Dundee
This was a cash purchase for our clients who were both yield and location driven. As first-time property investors based overseas, this 2 bed apartment ticked all of the right boxes for them. It needed a bit of TLC ahead of renting and the numbers at the end of the process were outstanding.
Here are the headline stats:
Bedrooms: 2
Purchase Price: £106,000
Refurbishment: £5,250
Target Rent: £950 per month
Rental Yield: 10.2%
Total outlay: £127,510*
Actual Rent achieved: £1,100 per month
Actual Yield: 11.8%
*Total outlay includes purchase price, legal fees, LBTT Stamp Duty, sourcing fee, refurb, and furnishing
