For those of you who are looking for an investment property in Penicuik why take a look at this property below. I personally think it would make a good buy to let investment if you’re looking to add to a rental portfolio or looking as a first time investor.
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. It’s been on the market since October 2015 so there may be some movement on the price – let’s say you can get it for £105,000. 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 6.8%.