Investor Services

• Purchase date – April 2017
• Address – Broughton Road
• Purchase Price – £128,000 (Valuation £130,000)
• Rent – £675pcm
• Gross yield – 6.3%

After a couple of months searching for a property for our client we were introduced to this fantastic 1 bedroom, off-market, property. The property was tenanted (£625pcm with scope to immediately increase the rent to £675pcm) and fully furnished. We expect property values in this part of Edinburgh to benefit from the huge redevelopment of Edinburgh St james and so our client is excited to have a property in the heart of this future action!

• Purchase date – November – December 2016
• Address – Hawkhill Close (2), Fowler Terrace, Belmont Road
• Purchase Price – £539,250 (combined) (£18,000 upgrading spend)
• Rent – £2,900pcm
• Gross yield – 6.5%

We were approached by a client with access to around £500,000 to spend and managed to source him 2 properties off-market and 2 great deals on the open market over a 3 month period. The two Hawkhill Close properties were purchased off-market, both well below valuation and one already tenanted. We carried out some minor refurbishment of each property and increased the rent of both to £800pcm. We also secured a fantastic 1 bedroom property in the popular Polwarth area (with property values benefitting from the regeneration of the Brewery sites along the Union Canal) and another 1 bedroom flat close to our client’s home in South-West Edinburgh. These 4 properties are the start of a fantastic portfolio!

• Purchase date – May 2017
• Address – Moat Terrace
• Purchase Price – £102,000 (Valuation £115,000) (£16,000 upgrading spend)
• Rent – £675pcm
• Gross yield – 6.9%

We sourced this fantastic 1 bedroom property in the handy Slateford area. The property was in need of various upgrading so the Umega maintenance team carried out a full rewire, decoration throughout, installed Gas Central Heating and installed a new kitchen. The valuation when purchased was £115,000 and with all the work that has been carried out we expect the new valuation to be around the £130,000 mark.

• Purchase date – June 2017
• Address – South Queensferry
• Purchase Price – £352,000
• Rent – £1,400pcm
• Gross yield – 4.8%

We were tasked with finding a family home for an overseas client who wanted to buy a property for his own future personal use but to be let out for the next year before he returned to the UK. We spent 6 months searching off-market and on the open market for a suitable property and were delighted to secure this cracker of a property overlooking the Firth of Forth.

• Purchase date – June 2013
• Address – Marchmont Road
• Purchase Price – £290,000 (£5,000 upgrading spend)
• Rent – £2,100pcm
• Gross yield – £8.5% (initial yield was 7.1% at £1,750pcm rent)

We sourced this 3 bedroom property in prime student territory during the summer of 2013 then spent £5,000 carrying out some minor upgrades and converting the property into a 4 bedroom HMO property. The property initially let for £1,750pcm and now rents for £2,100pcm which, based on the initial purchase price is a gross yield of 8.5%. The 2017 value of this property is c £380,000 so that’s capital growth of £85,000 in 4 years (that’s not to mention how much higher over the valuation a buyer would pay to get their hands on such a prime property).