Hermand Crescent
Shandon, Edinburgh
Based in the UK our client set up a UK Ltd Company for his property portfolio. The key drivers were a blend of yield and potential for capital growth. Investing in Edinburgh complimented his existing portfolio of 3 properties in Glasgow and a fourth in Dundee.
At the time of sourcing, Hermand Crescent required only a light refurb. This included electrical repairs, full décor and furnishing.
Here are the numbers:
Purchase Price: £257,000
Refurbishment: £5,625
Rent: £1,400 per month
Yield: 6.5%
Total outlay (cash investment): £298,336
Total Outlay (with lending at 75% LTV): £110,886
*outlays include all legal costs, fees, LBTT & furnishings
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