Buy to Let – Pitkerro Rd, Dundee - 3 Bed House – Gross Rental Return 5.5%
I was chatting to a landlord recently about the popularity of small family houses, semi detached, terraced etc.
I came across this one and decided to run the figures, its being marketed by our colleagues at Premier Properties, https://www.zoopla.co.uk/for-sale/details/47898080?search_identifier=54a7ec3205243093717599f61c353bd9
It’s a modern three bed, end of terrace currently on at £125,000, which has been reduced. Now I think that the rental return, being conservative, will be about 5.5% which is OK.
However what interests me more is the capital appreciation, which according to Zoopla is running at just over 9% over the last 5 years.
However, the figures for semi detached run at about 22% and as this is an end of terrace, I just wonder if it wouldn’t do better than the 9%. It certainly looks well maintained and move in condition.
Just a thought but maybe one for a cheeky offer.