Tuesday, 6 September 2016

Penicuik buy to let investment – it ain’t pretty but the sums do add up!


Today’s buy to let opportunity from the Penicuik Property Blog is a 2 bed upper villa on Dykes Road in Penicuik.  Dykes Road is off Queensway.

The villa has a good sized lounge, a dining kitchen, 2 bedrooms, a bathroom with a shower over the bath and private gardens to the front and rear.


Turning to the financials.  The asking price for this property, which is on the market with McEwan Fraser, is offers over £89,995 so let’s say it goes for £95,000.  Based on my experience, a rent of £630 pcm should be achievable on this property.  So that gets you to a yield of 8%.  As I said in the title to this blog, the property ain’t pretty but the sums do work!

We hope you find our posts useful.  If you would like some advice with your potential investment, please pop in to the office for a chat at 6 Bank Street Penicuik, call me on 01968 674601 or email me on news@thekeyplace.co.uk.

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