Overview
Upper floor flat with proven rental value
Brechin is a picturesque town in Angus with well-established rental demand plus good local transport links and amenities.
Why this opportunity was selected
Ownership and condition signals pointed to an off-market opportunity
The property had been on the market at a higher price point for some months. We offered a cash purchase and guaranteed rapid-turnaround to secure a +25% discount from Market Value and allow the outgoing owner occupiers move on with their lives.
Original condition
Dated but structurally sound
The property was in lettable but dated condition, with an ageing kitchen and bathroom, older electrical wiring, and general wear consistent with a long-term single tenancy.
Refurbishment and improvement work
Brought up to housing provider standard
A mostly cosmetic refurbishment was required along with standard compliance - EICR, Gas safety, fire alarms etc.
Social housing use & occupancy
Let on a long-term agreement
The property is let in full to a registered social housing provider on a multi-year agreement, with the provider responsible for tenant placement and day-to-day housing management.
Occupancy status: fully occupied. Housing provider status: active, long-term agreement in place.
Investment timeline
Key milestones
Identified
Surfaced through ownership and condition screening.
Verified & offer agreed
Terms agreed directly with the owning company.
Acquisition completed
Purchase completed off-market.
Refurbishment
Full internal refurbishment to provider standard.
Let to housing provider
Long-term letting agreement commenced.
Local area information
Brechin, North East Scotland
The property sits within a residential area with good access to local schools, transport and amenities, and forms part of a wider local authority area with sustained demand for social housing stock.
Area view
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