Donaldson Crescent, New Town, EH12
Purchase Price
£825,000Total Spend
£858,000Rent Achieved
£3,750Yield
5.24%
Cala’s Donaldson Crescent development presented a rare opportunity for a new build, high end development. Having successfully achieved strong rental figures in units let previously, and watched a number of 2nd hand sales achieve excellent capital growth, we advised a portfolio landlord to add 4/4 Donaldson Crescent to his rental portfolio. The property was not on the rental market for long with the sale completing in December and excellent, long-term tenants moving into the property at the end of January, paying 6 months’ rent up front in order to secure the tenancy.