Mid Terrace Buy To Let - Dundee. 7.2% Gross Yield

Now don’t be put off by the external.  This is a popular residential area on the outskirts of Dundee. This three bed (see link below), mid terrace isbeing advertised by Purplebricks.


Now as the internals show the property would benefit from a makeover in most areas.  Personally I would knock through that ‘store’ on the floor plan into the kitchen, which would make a very nice sized kitchen/diner.

The EPC is a D and so meets the governments proposed minimum requirements.

With an asking price of offers over £90,000 I think they may be being a little ambitious.

One thing to bear in mind is that it is ‘might’ be non-standard construction, which will affect its appreciation and cause issues with getting a mortgage.  That said we have a mortgage advisor who could probably deal with that.

Capital appreciation has been running at about 21% over the preceding 5 years for terrace properties in this area.  

I’m generally conservative when estimating the rent, so lets say around £595 per month, which is a gross rental return of 7.27%. 

Certainly for someone who fancies a small project to either do up and move on or as a buy to let, I think it has possibilities.