Case Study: Property Investing in Glasgow

13th June 2019 / in Buy To Let / by Gordon Hunter, MD

The Situation

This client had some experience of investing in Aberdeen but following the downturn in the aftermath of plummeting oil prices he decided to take his investments elsewhere. Having only moderate knowledge of the Glasgow market he sought out Park Gate Investments services and experience to help him identify properties which would perform at the levels desired. Following an initial consultation, Park Gate Investments established the type of property (modern) and tenant type (young professional) which was most suited to this client and began our work to identify possible options based on his budget and targeted returns.

The Solution

Through a combination of Park Gate Investments’ industry knowledge and local contacts, they quickly identified an impressive one-bedroom property within the city’s financial district. This area is very popular with young professionals and on where strong rent and growth have proven to be very achievable. As the first to view the property they tabled a strong early offer and were able to secure this investment for just over the Home Report valuation. The property has rented steadily to young professionals since January 2017 with high rental levels throughout. This has produced a strong yield in excess of target and in addition, the property has grown by 9% in 20 months (5.4% per annum).

The Numbers

  • Purchase Price: £130,500 (December 2016)
  • Monthly Rent: £800
  • Gross Yield: 7.36%
  • Current Value: £145,000 (September 2018)
  • Capital Growth: 9%

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