Increasing the rental yield is of course a key component when looking at purchasing an investment property but increasing the yield on an existing property is often overlooked as landlords become settled with their investment and return.
We have recently assisted an existing landlord who wished to increase their yield by refurbishing a property in their portfolio. Boosting the rental yield is not just about spending tens of thousands on a property but looking at the maximum rental that can be achieved and presenting the property to it’s very best.
The key facts on the asset management we have just completed together with a picture of the flat are below.
- Edinburgh city centre flat previously let at £450 pcm.
- Valued at £95,000 prior to Investment Property Agency asset managment service.
- £10,000 spent on refurbishment.
- Now valued at £115,000.
- Let within 48 hours at £625 pcm.
- Previous yield 5.6 % gross.
- New yield 6.5 % gross.
- Capital uplift £10,000.
If you want to maximise your rental investment then we would be delighted to
hear from you.
