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One Bedroom Buy to Let in Dundee, yield of 7.1% plus

An interesting opportunity I think. This one is being advertised by RSB/Lindsays,

An interesting opportunity I think. This one is being advertised by RSB/Lindsays, http://www.tspc.co.uk/details.asp?id=117639

It looks like a nice, one bedroom flat, seems to be in good condition, has GCH, DG, the shared drying area looks fine and the block has secure entry. It’s a good location with easy access to the town centre, main bust routes etc. We let one on the same street without difficulty.

This one is on at offers over £50,000 now I’m confident it would rent for, conservatively, £325 so that’s a rental yield of 7.15% plus the capital appreciation which according to Zoopla for flats in DD4 is just over 3.9% in the last year.

 

Now the best savings rate I’ve found (Martins Money Tips) at the moment is 2.35% and that’s if you tie your cash up for three years. You don’t need to be Steven Hawking to do this maths.

 

 

 

 

 

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