This is an interesting one http://www.tspc.co.uk/1-Bed-Ground-Floor-Villa-For-Sale-20a-Shelley-Gardens-Dundee-DD3-6QL, which is being marketed by our colleagues at Baillies. We don’t have many studio apartments on our books, and to be precise we have one.
However that doesn’t mean there is a problem with them, Shelley Gardens is a good location off the back of the Law, we have let there before but not for a little while.
This is obviously a compact property but looks to be in good condition, I would conservatively estimate a monthly rent of around £365 with an asking price of £42,000 that’s a gross yield of just over 9.5%.
Capital appreciation over the last five years has been just over 10%, all in all I think these figures make this an interesting proposition to start 2017 with.
