Flat for sale in Loons Road, Dundee DD3

Fixed price £65,000
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Flat for sale - 2 bedrooms

2 1 1

Tenure:
Freehold
Council tax band:
Not available

Property features

  • Buy-To-Let Investment
  • Tenanted & Fully Compliant
  • 2 Bedrooms
  • Home Report £70K
  • Current Rental £500pm
  • Current Yield 9.2%
  • 73 sq m
  • EPC Rating: D
  • Unfurnished Let
  • Price Includes Inventory Items & Safety Certificates

Property description

This main-door duplex flat resides on the first and second floors of a traditional building. It enjoys a central location in the city of Dundee, close to regular bus services, amenities, schools, and the vast public greens of Lochee Park.

The bright and airy home offers a living/dining room, a kitchen, two double bedrooms, and a three-piece bathroom. Accessed via a shared stairwell and walkway, the flat’s private front door opens into a hall with a built-in cupboard. The living and dining room is straight ahead, affording floorspace for comfortable lounge furniture, a home workstation, and a small table. It is well-presented and equipped with a cupboard for on-hand storage. In the kitchen, there is fitted cabinets at base and wall level accompanied by an L-shaped worktop. It is a good-size space and can accommodate further storage solutions. From the hall, a staircase leads to an upper landing which connects to the two double bedrooms. The principal bedroom has the larger footprint and built-in storage, whereas the second bedroom has a generous built-in wardrobe with additional storage set adjacent. The property is finished by a bright and fully-tiled bathroom, which has a washbasin, a toilet, and a bath with an overhead shower. Externally, residents have shared access to a well-kept garden with a communal drying green. On-street parking is available in the vicinity as well.

The property is being sold with the tenants in situ as a buy-to-let investment and is fully compliant with prt, property inventory, eicr, gas safety, pat, legionella risk assessment, and deposit certificate. The tenant has been resident since March 2019 providing rental income on day 1 of purchase, the current tenancy generates an annual rental income of £6,000 - reviewed 2024. Please note, for a future tenancy the property has the potential to secure £7,200pa and generate a yield of 10.2%. The property is sold as seen and the sale price includes all the inventory items.

Scotland’s fourth largest and notably sunniest city, Dundee lies on the east coast, on the Firth of Tay estuary, and was recently voted by the Sunday Times as one of the top twelve places to live in Britain. A historic port and now a unesco City of Design, Dundee is brimming with culture; boasting a regenerated waterfront with two nautical museums (rrs Discovery, Captain Scott’s Antarctic expedition ship, and the 19th-century warship, hm Frigate Unicorn) and the architectural triumph of the newly opened V & A Dundee, Scotland’s first design museum. Further museums, arts centres and theatres can be found across the city, along with a vibrant array of bars and restaurants. A wildlife centre, cinemas and excellent sports and leisure facilities are also on offer. Largely walk-able, Dundee provides a delightful and convenient shopping experience, hosting a wide selection of high-street retail outlets, shopping centres (one with a large public library) and supermarkets. The city provides education at all levels, with private and state institutions and one of the UK’s leading universities. Major road and rail links connect Dundee to the rest of Scotland and further afield, whilst Dundee airport also offers flights to London City Airport.

Property info

Floorplan(s): Floorplan 1 Floorplan 2

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Portolio, and do not constitute property particulars. Please contact Portolio for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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