3 bedroom flat for sale
Key information
Property description & features
- Tenure: Freehold
- Investment Opportunity being sold with tenants in situ
- Ground floor flat in central Dundee location
- Sitting room/kitchen
- Two double bedrooms & separate study
- Bathroom
- Gas central heating & double glazing
- Communal garden & on street parking
- Current rent of £1,165pcm, yield of 10.75% based on HR valuation
Yield based on current rent of £1,165pcm and HR value.
Great opportunity to purchase a spacious two-bedroom and study ground floor apartment in the heart of Dundee. The property is being sold as an investment only with tenants in situ.
Accessed via a communal hall, the accommodation comprises: hallway with storage cupboard; open plan living room/kitchen with storage cupboard, the kitchen has ample wall and base units, coordinating splashback and integrated appliances; two double bedrooms; study/bedroom 3; and bathroom with three-piece white suite with shower over the bath.
The property has the benefit of gas central heating, double glazing and access to a communal rear garden.
The current tenants have resided in the property since July 2023 with the current monthly rental of £1,165pcm. This would provide a fantastic yield of 10.75% based on the home report valuation.
The property is n a dynamic part of Dundee, close to cultural landmarkes and perfect for accessing a wide range of local amenities and facilities within the city centre. The area has a mix of residential buildings, shops, and small businesses in the area. The property is within close proximity to Dundee and Abertay universities and Ninewells Hospital. There are good bus links throughout the city with onward transport links via the A90 and Dundee train station.
The property was refurbished and a furniture package/new appliances installed in April 2023 at a cost of £13,314.66. An additional surcharge of £5,000 will be added to the purchase price.
Under the HMRC Anti Money Laundering legislation, all offers to purchase a property on a cash basis or subject to mortgage require evidence of source of funds and required to produce proof of identity and proof of address. This is acceptable either as original or certified documents.
EPC: D
Council Tax: B - £1156.11 (based on 2024/2025 tax year) – Dundee City Council
Tenure: Freehold
Electricity Supply: Mains connection – The meter and consumer unit are in the hall cupboard.
Water Supply: Scottish Water
Sewerage: Scottish Water
Heating: Gas – Condensing combination boiler off the lounge.
Broadband: 1000 MBPS (Potential download speed)
Mobile Signal/Coverage: Full 4G and potential 5G outdoor coverage
Parking: On street parking
All statements contained herein are believed to be correct but are not guaranteed and interested parties must satisfy themselves as to their accuracy.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference DJS240491. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by DJ Alexander - Edinburgh Sales.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on April 22, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on April 22, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.