A grateful landlord was buying me coffee in Giovanni’s Bistro yesterday when he asked my thoughts on this Penicuik property.
It’s a stone build, main door 1 bed flat in Imrie Place. Imrie Place is off Kirkhill Road.
The flat has a combined living room/kitchen, a double bedroom and a shower room (there is no bath in the property). There is double glazing, gas central heating, an easily maintained garden and on street parking.
Let’s do the maths. This flat is on the market with Allan McDougall for offers over £82,000 so let’s say it goes for £90,000. A flat like this in this area should rent for £525 pcm so that gets you to a yield of 7% which is good for a desirable, stone build, main door flat like this.
If you would like any advice on buying a property to let, feel free to give me a call 0131 603 4570, email me on (firstname.lastname@example.org) pop into the office for a chat (6 Bank Street, Penicuik).