At Tay, we advise clients on how to make the most of investing in property. We not only help clients find properties which will give the investor best chance of significant profit when the time comes, but we advise them on the best way to ensure they can maximise rental income until that time comes.
We recently worked with a client on a £200,000 flat in Glasgow’s West End, which we secured quickly for under home report value. With just a simple refurb the property would have generated a healthy yield and profit. However, given our knowledge of the market we realised there was an opportunity to increase the profit margin.
Our client preferred to remain completely hands-off so we managed the entire refurbishment process. We worked with our expert suppliers to deliver a cost-effective refurb which resulted in the flat being let at £100 more than initially forecast.
We took the dividing wall down between the kitchen and lounge. This enabled us to open up the kitchen and lounge to create a fantastic open plan living / kitchen with a feature centre island.
- Purchase Price – £200,000
- Additional Dwelling Supplement – £8000
- LBTT – £1100
- Refurbishment – £24,000 (inc vat)
- Furniture Package – £6500(inc vat)
- Total cost – £239,600
- Rent per month – £1325
- Rent per annum – £15,900
- Gross Yield – 6.64%
- Capital value – £280,000
Interested in securing your next investment? Be as hands on or hands off as you wish with Tay Invest. Get in touch to learn more about how we can help.