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Buy to Let Investment - Dundee - 8% Gross Yield

Buy to Let Investment - Dundee - 8% Gross Yield

Here is a potentially interesting one, a three bed, mid terrace house being advertised by our colleagues at Remax https://www.zoopla.co.uk/for-sale/details/49856174?search_identifier=82cc01b1d8ae7559088216ea88966207.

It looks to have been well maintained and modernised internally and the EPC is a C and so meets the governments proposed minimum requirements comfortably.

With an asking price of £80,000 it is below the home report price so you would want to establish why this is, just a market issue, overpriced to start or something more fundamental with the property.

One thing to bear in mind is that at this price it is ‘probably’ non-standard construction, which will affect its appreciation and cause issues with getting a mortgage.  That said we have a mortgage advisor who could probably deal with that.

Capital appreciation has been running at about 18% over the preceding 5 years for terrace properties in this area.  I always like to be conservative when estimating the rent, so lets say around £595 per month, which is a gross rental return of 8.18%. 

A lot better than you will get off any bank or ISA at the moment, worth a closer look.

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