Three-bedroom licensed HMO — £15,000 below valuation, ideal for buy-to-let investors..
Licensed HMO in place for immediate let
Priced £15,000 below valuation and sold freehold, this top-floor three-bedroom flat on Crichton Street is offered with a valid HMO licence — a clear advantage for buy-to-let investors targeting students and city commuters. The flat’s large windows make the living spaces bright; a separate lounge and kitchen provide straightforward communal flow for multiple occupiers. Council tax is very cheap, supporting competitive rental yields in this part of Dundee.
The property’s compact room sizes and single shared bathroom are typical for HMO accommodation and suit room-by-room lets rather than family use. The building sits in a very deprived but highly rented city-centre neighbourhood — demand is driven by students and short-term city workers, so factor in potential voids outside term-time and possible management needs.
Practical positives include excellent mobile signal, fast broadband and immediate access to shops, transport and leisure close to the city centre. Investors should note the licensed HMO status is current and compliant, reducing initial regulatory hurdles. There is no indicated flooding risk.
Buyers looking for a low-entry investment in Dundee with ready-to-let permissions will find this straightforward to operate; those seeking larger family accommodation or quieter suburban streets may prefer a different type of property.