We are pleased to present to the market this first floor two-bedroom apartment situated in a the popular Lochee Road area of Dundee. Good investment opportunity. Realistic annual rental yield around 8%.
Description
An excellent opportunity to purchase this well-presented two-bedroom flat in a popular and convenient location to the west of Dundee.
Positioned on the first floor of a traditional four-storey tenement, the property offers well-proportioned accommodation throughout and would benefit from modernisation, providing scope to add value.
The bright lounge offers good living space, featuring an electric panel heater and a UPVC window overlooking the street. The fitted kitchen includes white goods, with a rear-facing outlook over the well-maintained shared garden.
There are two generous double bedrooms, and the bathroom is fitted with a three-piece white suite and a shower over the bath.
Externally
To the rear, there is an enclosed and well-kept communal garden shared with neighbouring flats.
Location
Ideally positioned within walking distance of local shops, the city centre, and both universities, this is a prime area for both homeowners and investors.
Investor Notes
This property was rented for a number of years. Current rent value around £700 per month. Potential rent up to £850 per month after refurbishment.
The flat is currently vacant and offers excellent potential for refurbishment and rental uplift.
Offers over: £68,000.
Home Report valuation: £70,000.
Council tax band: B, Tenure: Freehold, EPC rating: C
