One Bed Buy to Let - Bellefield Avenue Dundee. Gross Yield 4.95%
I was chatting to a landlord recently who coincentaly has a property on Bellefield, indeed we have just let another one on that street. Obviously its West End and impacts the price, but also the rent and appreciation.
This one is being marketed by our colleagues at Miller Hendry, http://www.tspc.co.uk/1-Bed-Second-Floor-Flat-For-Sale-2L-10-Bellefield-Avenue-Dundee-DD1-4NQ
It looks like a good example in a good block, pretty much as I would expect, with what looks like a well maintained property and block.
The asking price for this one is £100,000; given recent activity I would estimate the rental as approximately £450 (plus) that’s a yield of 4.95%. Additionally the property appreciation over the last five years has run at about 11%.
It’s certainly an area I like and is popular with renters hence fewer voids, I accept that the rental return isn’t staggering but I have tried to be slightly conservative with the rental assessment.
Additionally I think properties like this are long-term keepers, but thats just my opinion.