Our long, long experience of the Penicuik property market means that we can be invaluable to buyers, sellers and renters in the Peniciuik property market. Today’s Penicuik Property Blog is a case in point.
This property a 3 bedroom semi-detached house at 5 Meggat Place in Ladywood, Penicuik. It has been on the market for quiet a while but it is worth having a look at. The house has been done up to a high specification throughout and it truly is in lettable condition.
It’s on the market with Alan McDougall at a fixed price of £118,500 and it would rent for £800 pcm, therefore you could be looking at an annual gross yield of 8.1%.
Although the property has been on the market for quite a while now, as the current owners bought it for £117,500 in 2011, I am not sure there will be that much negotiation on price ...... I suspect they need around £118,000 and will stay in the property until they get this price!
So how does our long, long experience of the Penicuik property market help with this opportunity? Well, it de-risks it! We used to rent out this property before the current owners bought the house and did it up so we know it is a good buy to let property – we walk the walk as well as talking the talk!