Now this is an unusual one, a perfectly acceptable two double bedroom flat in central Broughty Ferry. The details look OK, it has a reasonable shared garden and is minutes walk from the beach, the town centre shops and other amenities.
http://www.tspc.co.uk/details.asp?id=115731
Fixed price of £94,000 I would say it should rent easily over £450 gives a conservative rental return of a minimum of 5.2%.
The reason I say its interesting is that as you can see from the property details its in need of updating, fine, a chance to kick it into another rental bracket I think.
But here is another scenario, looking at the floor plan its possible that you could add a third bedroom. Now we are talking real value add. Don’t get me wrong I’m not generally a fan of three bed flats, especially when they are the result of some ‘hack & slash’ merchant cutting one big room in two also I find that they are harder to let. But as a simple buy, renovate and sell option I think it has possibilities given the size of the kitchen and the general layout, certainly worth tapping a few walls if you were to view the place anyway.
As usual if you have any questions about this property, one you have found yourselves or just want to chat about lettings in general then please don’t hesitate to drop me a line at nick.horan@belvoirlettings.com
