Bless them, selling agents love to build up properties .... clearly I can’t say ‘over sell’ them!
Today’s buy to let opportunity from the Penicuik Property Blog is a fairly standard 3 bed, semi detached house in Teviot Grove in the Ladywell district of Penicuik. Now, properties come up fairly regularly in this area and you buy them with your eyes open as the tenants they attract are fairly often wholly or mainly reliant on benefits but get the right tenants and these sort of properties can be make good investments. So it is interesting to read the sales agent speak on this one suggesting that it is a prize asset that you would be really lucky to be able buy!
The property is a semi detached house in Teviot Grove. It is the standard design for these sort of houses being:
· Ground floor – large lounge/dining room, fitted kitchen with large cupboard off.
· First floor – 3 good sized double bedrooms and a family bathroom with a shower over it.
· Double glazing, gas central heating, gardens front and rear and on street parking.
The property is broadly in lettable condition internally but you would need to a wee bit of work to the outside as this seems to have been ‘forgotten about’. By the looks of things, this property may well have been rented out before.
The yield on this one looks interesting.
This house is on the market with Purple Bricks at a fixed price of £115,000. It would rent for £808 to housing benefit tenants which gets you to a yield of 8.4%.
We hope you find our posts useful. If you would like some advice with your potential investment, call or email me on 01968 674601 or email@example.com or pop into the office at 6 Bank Street, Penicuik for a chat – the kettle is always on.