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1 bedroom flat for sale
India Lane, Montrose, DD10
£47,995
India Lane, Montrose, DD10
£47,995
Our Summary
- The current tenancy generates an annual rental income of £4,326 that represents an immediate yield of 9% with scope to increase the yield to +10% for a future tenancy
Description
This 1 bedroom buy-to-let investment property is located in the historic town of Montrose, Angus, and is situated within a traditional building on the 1st floor. The property features a spacious open-plan lounge/kitchen, double bedroom, and bathroom with electric shower, and benefits from double glazing, electric heating, and insulation. The property is currently tenanted, with the tenant having been in situ since July 2021, providing an annual rental income of £4,326, which represents an immediate yield of 9%. The property is sold as seen, including all inventory items, and has a Home Report value of £50,000, offering potential for future yield increases.