I was chatting to a potential landlord recently who said they often tried to invest in property that was relatively near a significant employer or transport hub in any given city/town.
This particular property is pretty much next to Ninewells Hospital, it’s a one bed flat with GCH/DG and looks to be in good condition. http://www.tspc.co.uk/1-Bed-Second-Floor-Flat-For-Sale-38-Strathcarron-Place-Dundee-DD2-4BB
Now I wouldn’t read too much into its convenience for the Hospital but nevertheless its interesting nevertheless.
Its on with our colleagues at the Chamber Practice at an asking price of £55,000, I would estimate the rent to be around the £360 mark maybe closer to £400. If we take the lower figure just to be conservative that’s a Gross Yield of 7.2%, add to that that capital appreciation on flats in that area has been over 27% over the last five years and I would say that it’s a pretty good package.
