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One Bed Buy to Let - Near Ninewells Hospital, Dundee - 7.2% Gross Yield

One Bed Buy to Let - Near Ninewells Hospital, Dundee - 7.2% Gross Yield

I was chatting to a potential landlord recently who said they often tried to invest in property that was relatively near a significant employer or transport hub in any given city/town.

This particular property is pretty much next to Ninewells Hospital, it’s a one bed flat with GCH/DG and looks to be in good condition.   http://www.tspc.co.uk/1-Bed-Second-Floor-Flat-For-Sale-38-Strathcarron-Place-Dundee-DD2-4BB

Now I wouldn’t read too much into its convenience for the Hospital but nevertheless its interesting nevertheless. 

Its on with our colleagues at the Chamber Practice at an asking price of £55,000, I would estimate the rent to be around the £360 mark maybe closer to £400. If we take the lower figure just to be conservative that’s a Gross Yield of 7.2%, add to that that capital appreciation on flats in that area has been over 27% over the last five years and I would say that it’s a pretty good package.

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