£49,995

1 bedroom flat for sale

Morgan Street, Dundee DD4
flat flat
bedroom 1 bedroom
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Property description

An excellent opportunity to acquire a tenanted 1-bedroom flat in the popular Stobswell area of Dundee. Situated on the top floor of a traditional mid-terraced tenement building, this well-proportioned flat extends to 39 sq m and is being sold with the tenants in situ, providing immediate rental income from day one. The accommodation comprises: entrance hallway, living room, fitted kitchen, bathroom, and a spacious double bedroom. The property benefits from uPVC double glazed windows with timber surrounds, and heating is provided by a gas-fired combination boiler. The EPC Rating is C, and the property is fully compliant for the rental market. The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant, and the tenant has been resident since 2024, providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £5,400 which represents an immediate yield of 10.8%. The property is sold as seen, and the sale price includes all the inventory items. The Home Report value is £50K.Dundee has become one of Scotland’s most exciting buy-to-let markets, offering a combination of affordability, strong rental demand, and excellent long-term growth potential. This property represents a strong addition to any buy-to-let portfolio, with tenant demand in the area supported by its close proximity to Dundee city centre, universities, and excellent local amenities.
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Morgan Street, Dundee DD4

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Portolio - Edinburgh 34 South Gyle Crescent, Midlothian, Edinburgh EH12 9EB
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