Good morning
everyone, the sun is shining and the sky is blue .... isn’t Penicuik a great
place!
Now Halloween
has passed, we are beginning to move into Winter when the property market can
change a bit as less properties generally come on the market in Winter
months.
However, do not dispair, Winter
can be a time to negotiate yourself a bargain as people selling properties in
Winter are often keener to get them sold and can therefore be a bit more
flexible on price so let’s all keep looking for bargains.
Today’s Buy
to Let opportunity from the Penicuik Property Blog is a fairly standard
spacious two bed mid terraced house at 5 Anne Street in Penicuik with gas
central heating and double glazing.
Anne Street
is on the boundry between the Rullion Road and the Queensway parts of
Penicuik.
The house is a wee bit tired, particularly the kitchen and bathroom, and so needs some work to make it rentable.
This house is on the market with Allan McDougall for
offers around £110,000. You may want to
spend a bit of money doing the property up, let’s say £5,000. The right tenants should pay £625 for a house
like this once it has been done up so that’s a yield of 6.5%.
We hope you find our posts useful. If you want some
buy to let advice on this property, another property you have in mind or
anything else property related, come and see us in our office (6 Bank Street,
Penicuik) or email either of us (robert@thekeyplace.co.uk; linda@thekeyplace.co.uk).
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