Features
- Buy-to-let Investment
- Tenanted & Fully Compliant
- 2 Bedrooms
- Current rental £650pm
- Unfurnished Let
- EPC Rating: D
- 73 sq m
- Home Report £70K
- Current Yield 11%
Description
Tenanted 2 bedroom property with a current yield of 11% located in the Douglas area of Dundee approximately three and a half miles north-east of the city centre. This buy-to-let investment property is located on the 2nd floor with the accommodation comprising of an entrance hallway, lounge/diner, 2 bedrooms, kitchen, and bathroom with WC. The property benefits from having gas central heating, double glazing and is fully compliant for the rental market.
The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant and the tenant has been resident since June 2022 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £7,800 representing an immediate yield of 11%. Average 2 bed flat rents in the area are £795pm based on Citylets data. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £70K.
Scotland’s fourth largest and notably sunniest city, Dundee lies on the east coast, on the Firth of Tay estuary, and was recently voted by the Sunday Times as one of the top twelve places to live in Britain. A historic port and now a UNESCO City of Design, Dundee is brimming with culture; boasting a regenerated waterfront with two nautical museums (RRS Discovery, Captain Scott’s Antarctic expedition ship, and the 19th-century warship, HM Frigate Unicorn) and the architectural triumph of the newly opened V & A Dundee, Scotland’s first design museum. Further museums, arts centres and theatres can be found across the city, along with a vibrant array of bars and restaurants. A wildlife centre, cinemas and excellent sports and leisure facilities are also on offer. Largely walkable, Dundee provides a delightful and convenient shopping experience, hosting a wide selection of high-street retail outlets, shopping centres (one with a large public library) and supermarkets. The city provides education at all levels, with private and state institutions and one of the UK’s leading universities. Major road and rail links connect Dundee to the rest of Scotland and further afield, whilst Dundee airport also offers flights to London City Airport.