×

Contact us today

Please enter your first name.
Please enter your surname.
Please enter your telephone number.
Please enter a valid email address.
Please provide some details about your enquiry.
 

Buy To Let – 2 Bed, Terraced House – New Build. St Michaels Yard, Dundee. 5% Yield

Buy To Let – 2 Bed, Terraced House – New Build. St Michaels Yard, Dundee. 5% Yield

Some of my landlords like more mature properties but some prefer new builds, it depends on your personal choice and how you perceive the market etc.

This one, https://www.zoopla.co.uk/for-sale/details/47542481?search_identifier=635a6203550b4a7fe088ce46412db9c2#B6rz0YF3AkMvLze5.97 is being marketed by Next Home and looks to be in immaculate condition. 

It’s a two double bed, terraced house, in a new development just off Clepington Road in Dundee.  It looks very attractive and has parking, enclosed garden, GCH etc and an outstanding EPC rating of B.

Capital return of terraced houses over the last five years has been running at around 12%.  Now at £140,000, this may be more than most investment landlords want to pay, however, there seems to be an increasing demand for these kinds of properties so I think it should be a good medium to long-term investment.

I estimate the rent would run at around £650, maybe closer to £700, which at the lower end would be a gross yield of 5% per annum.  Where I think this property also scores would be the hopefully lower maintenance costs and shorter void periods in my estimation.

Worth a look.

Back to the blog

Related Posts