At last, there is some much needed new blood in the Penicuik property market!
Today’s Buy to Let opportunity from the Penicuik Property Blog is a new to the market, stone build flat that is ready to rent .... it is not often you hear these things in the same sentance as stone built properties like this are not that common in Peniciuik!
This property is a one bed, first floor flat at 16a Croft Street in Penicuik –Croft Street is just off the High Street in Penicuik down from the Town Hall.
The flat is in a stone build block and it is in a ready to rent condition having been recently refurbished. It has a lounge with wood burning stove, a newly fitted kitchen, one double bedroom and a newly fitted bathroom with bath as well as an electric shower over the bath. It has newly fitted floor coverings and double glazing and it has recently been re-decorated in neutral colours. The only thing I am not sure about is the heating – the pictures show that it has a wood burning stove as well as what looks like a radiator in the lounge but do not show any other radiators and the schedule does not seem to mention heating so you should check out fairly early on what heating the property has.
This flat is on the market with Neilsons for offers around £79,995 so let’s say you can get it for £85,000. The right tenants should pay £525 for a flat like this once particularly if it has gas central heating so that’s a yield of 7.4% which is good for a stone built property in this part of town.
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), call us (01968 674601) or email either of us (firstname.lastname@example.org; email@example.com).