What Can an £80k Investment in Glasgow Get You?13 May 2021
What can £80,000 invested in buy to let property in Glasgow really generate?
The brief for this client was decent yield in a decent area – so we bought an on-market 1 bed flat in Kinning Park (secured for under home report) – ex-local authority – needed some TLC and the client was not looking to be involved in any works.
Here are the numbers:
Purchase Price plus ADT and fees: £78,000
Refurb works to get rental ready: £6,500
Total Spend £84,500
Rent achieved £575pm = Yield of over 8%
This has created an income for the client of around £500 per month after fees – we have added value to his investment by upgrading the property and by furnishing and staging it properly we found a tenant in 2 days. Boom.
This is a good example of a middle road property – in a solid area with constant rental demand, producing a good healthy yield.
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