26 Moray Place was a property which we helped source for a landlord who was looking for a high-end piece of real estate at a blue-chip Edinburgh address. This investor was clear that, although long term capital growth was his main priority, he also wanted the property to “wash its face” in terms of a rental yield. The property needed some modernisation to fully maximise its rental potential. We project managed some light maintenance/kitchen upgrades, painted the property throughout and installed a contemporary furniture package to perfectly compliment the traditional periodic features. The property is currently achieving £2,250 pcm on a long-term basis.
Purchase Price | £702,000 |
ADS | £28,080 |
LBTT | £43,500 |
Refurbishment | £5,000 |
Furniture Package | £10,400 |
Total Cost | £788,980 |
Rent per month | £2,250 |
Rent per annum | £27,000 |
Gross Yield | 3.42% |
Capital Value | £800,000 |