Today’s star property in the Penicuik Property Blog needs a wee bit of TLC but given the price it is worth the effort.
The property is a mid-terraced house at 98 Cuiken Terrace in Penicuik. It is near Cuiken Primary School just up the road from Tesco. The house has a large lounge/dining room, a modern fitted kitchen, 3 bedrooms and a fairly dated bathroom. The wee bit of TLC is needed to the bathroom and the decor – a fair bit of the property needs re-decorated to neutralise it.
Stuart & Stuart are selling the house for offers over £110,000. The property has been on the market since the end of March and the price was dropped from the Home Report value of £125,000 to this lower price in the middle of May but is still hasn’t sold.
I would expect you could get £800 per calendar month in rent for this house which, based on a price of £110,000, gives a yield of 8.7% which would make it worth the effort of giving it a wee bit of TLC!
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