Comely Bank Place
Comely Bank, Edinburgh
Our UK based clients were looking for passive income for their 2 children now in their 20’s. They also wanted to help them start their property journey and this meant that the potential for long term capital growth was very important to them.
This beautiful bay windowed apartment, based in the desirable Comely Bank area of Edinburgh required some cosmetic repairs, electrical work, full décor, flooring and furnishing.
Here are the numbers:
Purchase Price: £380,000
Refurbishment: £6,811
Rent: £1,995 per month
Yield: 6.3%
Total outlay (cash investment): £420,101
Total Outlay (with lending at 75% LTV): £157,901
*outlays include all legal costs, fees, LBTT & furnishings
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