Features
- 6 Bedrooms
- HMO Compliant
- Home Report £265K
- Expected rental on re-let of £30,600 pa
- Potential yield of 12.8%
- £25K below HR valuation
- 162 sqm
- EPC Rating D
Description
Rare opportunity to acquire a substantial and fully compliant 6-bedroom HMO in one of Dundee’s most sought-after rental locations, positioned within the heart of the popular West End close to the university campus and Perth Road amenities. This attractive and spacious period property, extending to approximately 162 sq m, occupies the top two floors of a listed building dating circa 1890. The accommodation comprises six large double bedrooms, a generous living room, spacious dining kitchen, bathroom with WC, and a separate shower room. The property benefits from gas central heating and hot water provided via a wall-mounted gas-fired boiler. Importantly, the entire roof has recently been replaced, with approximately 8 years remaining on the 10-year warranty, offering significant reassurance for future owners.
The property has a current HMO licence in place and represents a strong income-producing investment. The most recent tenancy generated £28,800 per annum, with an anticipated rental of approximately £30,600 per annum on re-let, alongside further scope to increase income through minor cosmetic improvements. Offering a potential yield of approximately 12.8% and priced at approximately £25,000 below Home Report valuation, this represents an outstanding opportunity for investors seeking a high-performing HMO asset in a proven rental location.
Dundee’s West End is widely regarded as one of the city’s premier rental locations, driven by its close proximity to the University of Dundee, Ninewells Hospital, and the vibrant amenities of Perth Road. The area consistently attracts strong demand from students, postgraduate tenants, and young professionals seeking spacious accommodation close to the city centre and university campus. Large HMO properties in prime West End locations remain in particularly high demand due to limited supply and Dundee’s growing student population. Combined with Dundee’s comparatively affordable acquisition costs and strong rental yields, the area offers investors an excellent balance of high income potential, low void risk, and long-term capital growth prospects.