This property http://www.tspc.co.uk/1-Bed-Top-Floor-Flat-For-Sale-Flat-18-8-Taits-Lane-Dundee-DD2-1EB and it is being marketed by our colleagues at Thorntons.
I know the block well, its in a good location within easy walking distance of the universities, local shops and the City Centre, also for main transit routes to Ninewells Hospital etc.
The accommodation appears to be in good condition and both the block and grounds look like they are well maintained.
The property is being marketed at £87,500 and I would estimate the rent to be around £430 with a yield of 5.4%. Capital appreciation has been over 15% over the last five years. Together a pretty healthy return, even if the Bank of England doesn’t reduce interest rates as the media are predicting.
