Two bedroom traditional tenement flat.

Going under the hammer this two-bedroom traditional tenement flat in a popular Dundee location requiring complete renovation throughout. The property is situated on the first floor of a stone-built tenement and has been partially stripped back, providing a blank canvas for developers or investors to fully reimagine the space. Offering high ceilings, large, double-glazed windows, and original proportions, this flat has strong potential for resale or rental once modernised. Accommodation comprises entrance hallway, lounge with front-facing window, kitchen, dining room, 2 double bedrooms and bathroom (incomplete). The property is presented with works required which is reflected in the competitive guide price and offers a great opportunity to add value. Post works, rental investors could enjoy potential rental income of £7,359 per annum (LHA figures), although higher levels may be achievable in the strong rental market. Buyers must satisfy themselves regarding the extent of works and condition. Council Tax Band: B. Unsafe properties Unsafe properties are evidently in a condition that poses a serious risk to the health or safety of occupants or visitors, or where the way the home is marketed suggests it is unsuitable for occupation in that condition. There is little point in a condition survey being undertaken on a home that is unfit for occupation in any case and is being advertised as such.

Tenure

Freehold

Area

Located in a well-established residential area of Dundee, close to local amenities, supermarkets, primary and secondary schools, public transport routes and easy access to Dundee city centre and universities. This area is popular with renters, first-time buyers, and students, making it an excellent investment location post-renovation.

Local Authority

Dundee City Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.