Two Bed Buy To Let in Dundee - Gross Yield 7%
I was chatting to a couple of landlords of mine with property in this area recently and came across this one. Its being offered by our colleagues at Blackadders
http://www.tspc.co.uk/2-Bed-Top-Floor-Flat-For-Sale-2e-Findale-Street-Dundee-DD4-9LD, with an asking price of £65,000.
The flat looks to be in very good condition with GCH, DG and secure entry, also of interest is the Cat C on the EPC.
We have rented very similar properties in the same area for a rent of around £420, which I think this should comfortably achieve, maybe a touch more.
That would be a gross yield of just over 7%. Capital appreciation in the area isn’t as high as other parts of the city I accept and over the last 5 years has run at around 10%.
Personally I like the look of the property however it really all depends on whether rental yield or capital appreciation are your priorities.