Balmore Street, Dundee, DD4
INVESTMENT BREAKDOWN
£80,000 PURCHASE PRICE
£110,000 RENOVATED VALUE
9.3% YIELD
£32,750 RENOVATION COSTS
£875 RENTAL INCOME (PCM)
2 BED
Dundee and this location in particular has seen a huge increase in demand within the buy to let market in the last 18 months with properties selling quickly and often to investors or young professionals.
Due to its ultra prime location, rental demand is exceptionally high and its not uncommon to have many sets of tenants competing for each property.
Rents are generally rising circa 10% pa in the City.
The property will be fully upgraded throughout to improve the capital value and EPCrating.
Internal photo - Lounge
ABOUT THE PROPERTY & AREA
Located on the top floor of this well maintained traditional Victorian tenement,this property will consist of a living room room, separate kitchen, bathroomand two bedrooms.
Internally the property benefits from having retainedsome of its stunning original features to include the rose ceiling and book case.
The city centre is less than 1 mile from the property . Abertay University is a 20minute walk and Dundee University is a 30 min walk. Dundee has two large universities, a teaching hospital and a dental school which makes the city extremely popular
