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Sponsored Get a Survey — free quotes via ReallyMoving
1 bed flat
High Street, Montrose, Angus
£55,000
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Sponsored — free quotes via ReallyMoving
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Our Summary
- Potential to increase returns through future rent review
- Existing tenancy income with scope for future rental enhancement
- Opportunity to improve overall yield through rent realignment
- Situated in a convenient central location, this property offers investors an affordable entry into the buy-to-let market with immediate income and clear potential to enhance returns
- Caledonia Portfolio Insight The property is currently let at £350 pcm, with scope to increase rental income towards an estimated market level of £500 pcm
- This creates an opportunity for investors to improve performance while benefiting from an existing income stream from day one
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Description
The property is a 1-bedroom flat located at 104A High Street, Montrose, DD10 8JE. It is currently generating £460 pcm in rental income and is estimated to have a market rental value of around £500 pcm. The flat is part of a larger 16-unit property portfolio, allowing for diversification and portfolio scale benefits.
It is centrally located in Montrose, providing a stable income stream with potential for rental growth.