A 2 Bed Buy to Let in Dundee - Gross Yield 7.7%
Now this is an unusual one, it’s a two bed flat being marketed by our colleagues at McEwan Fraser Legal. https://www.zoopla.co.uk/for-sale/details/40787018?search_identifier=f28ca6b53253b986b5c1238e22c65585#IVC5IUBicXvyzRme.97
Its two double beds, totally modernised to what looks like a good standard, the area is OK, I cant speak for the block itself. It appears to be in walk in condition, it seems to be GCH but that’s not specifically mentioned in the details and is EPC D.
I think these modernised, ‘trendy’ if you like style properties are the way to go for the future of lettings in the town, tenants can increasingly pick and choose and when that new tenancy regime comes into being by the end of the year they will increasingly do exactly that in my opinion
As they say in property sales, bathrooms and kitchens sell properties.
However, despite the fact that this one is being marketed at offers over £65,000, that its been reduced by over 7% and the property value seems to have increased significantly e.g. a third since it was last sold, I’m not sure I like this one, but I feel like I should.
As you all know I’m never short of an opinion, but this one ‘feels’ odd for no obvious reason. I don’t know if it’s the peculiar layout/shape of the rooms, the fire doors or what. Normally I would see a nicely modernised property at this price and go ‘yeah hah’ but not this time.
Bottom line I think it should rent for around £460 which is a gross yield of over 7.7% but I would want a really good look round the block/flat before proceeding.