Summary - 3, THOMS BUILDINGS, MONTROSE, GOURDON DD10 0LQ
2 bed 1 bath Flat
Tenanted two-bed coastal flat offering immediate 11% yield with scope to add value.
Tenanted buy-to-let producing £525pcm (tenant since Aug 2024)
Immediate gross yield c.11% based on asking price
Home Report valuation £70,000; sale includes inventory
Compact size ~56 sqm / 603 sqft; small rooms
EPC rating E — energy upgrades likely needed
Slow broadband and average mobile signal; limited digital appeal
Very deprived local area — consider tenant demand risk
Dated condition; potential for uplift with modernization
A compact two-bedroom flat in Thoms Buildings, Gourdon, offered as a ready-made buy-to-let with tenants in situ. The current tenancy (in place since August 2024) produces £525pcm, giving an immediate gross yield of about 11% on the asking price. The home report value is £70,000 and the sale includes the existing inventory, so rental income continues from day one.
Accommodation is arranged over two floors: lounge with multi-fuel stove and a dining kitchen on the first floor, with two bedrooms and a bathroom (electric shower) on the second. The property benefits from double glazing and convection heaters, but overall finishes are dated and the building would respond well to targeted modernization to improve appeal and energy performance.
Important considerations: the flat is small (c.56 sqm / 603 sqft) in a very deprived area with slow broadband speeds and an EPC rating of E. These factors limit tenant pool and capital-growth prospects unless energy performance and cosmetic condition are improved. The property is freehold, fully compliant for rental use, and sold as seen with no buyer fees.
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