Property renovations – work we have done so far

GG dundee Elaine Wallace L BLUE

Having a rental property is a great way to invest in for your future. However, these days expectation of the standard of the property is high meaning that tenants want quality accommodation to stay and live in. Hence, property renovations are becoming more and more popular and in this blog, we want to share our recent case studies of the clients who renovated their rental properties using our service.

6B Eden Place, Dundee

The clients approached us with two enquiries: one of which was to help them find their first two buy-to-let properties followed by an opportunity to help with renovation work as well. The clients couldn’t have been happier with the end result, that not only increased the value of the home but also quickly attracted long-term tenants. Click the link to check out the before and after of this property.

Property details                                           

1 bedroom flat
Renovation costs: £13,000
End valuation: £70,000
Project timescale: 8 weeks
Pre-renovation annual rent: £6,600
New rental yield: 10%

Client testimonial

“Thanks very much to Gilson Gray and their highly skilled team for sourcing our first two buy to let properties and managing the renovation of both flats. They absorbed all the normal headaches involved with renovation a property! The turnaround was amazing.”
Mr & Mrs Whytock

58 Main Street, Dundee

The clients of 58 Main Street were looking for some help with property sourcing when they approached us. From the very first conversations, we knew that it will be easy to work with the clients as we understood their needs. We also gave in-depth advice on the Dundee rental market, HMO processes as well as day-to-day management. Click the link to find out more about their property.

Property details

1 bedroom flat
Purchase price: £55,000
Annual rent: £6,600 (£450 pm)Morgan Place, Dundee
Yield: 9.6%

Client testimonial

“As new investors to the Dundee property market, Gilson Gray has guided us successfully through each step of our journey; from their amazing knowledge of the Dundee rental market to carrying out complexities of HMO submissions and then to their seamless day to day property management. The team supports us fully as landlords whilst also caring about tenants, a mix which is quite rare in the property management market. You truly will be hard pushed to find a better property management company.”  Mr & Mrs Napier

Morgan Place, Dundee

Owners of Morgan Place in Dundee approached our team via personal recommendation as they needed to renovate their rental property as they couldn’t take on such a project by themselves. We were delighted to help renovate their rental flat. The process was smooth and easy with regular updates and most importantly we kept the waiting time to a minimum. Click the link to find out more about the property and before and after pictures.

Property details

3 bedrooms flat
Purchase price: £90,000
Renovations costs: £18,000
End valuation: £126,000
Project timescale: 6 weeks
Pre-renovation annual rent: £5,400
Previous yield: 6%
Post-renovation annual rent: £9,540
New rental yield: 8.83%

Client testimonial

“Our rental property needed to be completely renovated and we live too far away to take on the project ourselves. A friend recommended Gilson Gray and we never looked back. Every conceivable aspect was addressed and dealt with effectively, efficiently, and stress-free for us. The turnaround period was kept to an absolute minimum and quality tenants have since moved in. Gilson Gray has restored our faith in Letting Agents and has kept us informed the whole way. Their knowledge and sensitivity to the project have been exceptional.”
Mr & Mrs Dewar

Why choose Gilson Gray

We believe that property renovations are the best long-term solution for your rental property investment. With highly skilled and experienced staff, we’re best placed to take on rental property renovation projects. Our team is ready to hit the ground running and takes pride in seeing the end result. Our team also has some of the best local contacts in the business making sure to get desired results at the best price for you.

Contact us

Get in touch with us today to discuss how we could help you with your rental property renovation project.

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