Today’s Buy to Let opportunity from the Penicuik Property Blog is a stone build flat that is ready to rent in Auchendinny .... stone built properties like this are not that common in and around Peniciuik!
This property is a one bed, ground flat at 25 The Brae in Auchendinny which is just up from th bridge at the bottom of the Auchendinny hill. Auchendinny is surprisingly popular as it is close to the Bush, Roslin Institute etc so getting high quality tenants is fairly easy.
The flat is in a stone build block and it is in a ready to rent condition having been well maintained. It has a lounge with wood burning stove, a fitted kitchen, a utility rom, one double bedroom and a shower roomnewly fitted bathroom with bath as well as an electric shower over the bath. It has double glazing and gas central heating, the decoration is in good order as are the carpets. The only thing I would point out (as I always do) is that the flat has a shower but not a bath so it will not appeal to all.
This flat is on the market with Mov8 for offers in excess of £90,000. It has been on the market for a wee while now so let’s say you can get it for £95,000. The right tenants should pay £525 for a flat like this so that’s a yield of 6.6% which is good for a stone built property in this part of town.