Attractive One Bed Buy To Let - Bell St, Dundee. Gross Yield 7%
This looks to be a well maintained and attractive, one bedroom flat in the heart of the city. Pleasant views, GCH and a short walk to the Universities etc.
This particular property http://www.tspc.co.uk/1-Bed-Third-Floor-Flat-For-Sale-Flat-5-68-Bell-Street-DD1-1HF, is being marketed by Miller Hendry and from the photos looks to be in “walk in” condition.
This one is being marketed at £65,000 and property in this area has increased by 24% in the last 5 years. Obviously Brexit, may or may not affect a buying decision like this but in the longer term people still need somewhere to live. Either way sellers may want a quick sale so now could be the time for a “cheeky offer” or two.
I would estimate a rental value of around £420 which gives a gross yield of over 7%, with possible interest cuts on the way, much better than the Bank of England.