This property http://www.zoopla.co.uk/for-sale/details/39773737?search_identifier=b07d0598962c419e01e5aa8f8e6e80df#zHpYITF4pjL1W8Oy.97 is being marketed by Your Move and has recently been reduced in price to £120,000.
Its in a good location and fairly modern block. Easy access to the town, the Universities and public transport for Ninewells.
Its hard to gauge from the photos but it probably needs a bit of “Va Va Voom” in terms of decoration and refurb but even so it should rent in the mid £500’s to low £600’s so I would say a yield of at least 5% and with a bit of work even better. Capital appreciation for this area over the last five years has been just over 21%.