Features
- Buy-to-let Investment
- Tenanted & Fully Compliant
- 1 Bedroom
- Home Report £50,000
- Current Yield 9%
- Monthly Rental £360.50
- EPC Rating: C
- 40 sq m
- Furnished Let
- No buyer Fees
Description
Tenanted 1 bedroom buy-to-let investment property in Montrose. The historical town of Montrose lies within the area of Angus and is situated 26 miles north of Dundee and 34 miles south of Aberdeen. This 1st floor property is located within a traditional building with the accommodation comprising a spacious open-plan lounge/kitchen, double bedroom, and bathroom with electric shower. The property benefits from having double glazing, electric heating, insulated plasterboard fitted to an external wall and being 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 Julu 2021 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £4,326 that represents an immediate yield of 9% with scope to increase the yield to +10% for a future tenancy. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £50K.