Friday, 30 September 2016

Penicuik house buy to let opportunity

Today’s buy to let opportunity from the Penicuik Property Blog is a fairly standard, 3 bed property in Ladywell – this one is at 58 Yarrow Court.

It is a 3 bedroom, terraced house.  The property has a large lounge/dining room, a fitted kitchen, 3 bedrooms, a family bathroom with a shower over the bath, gardens to the front and rear and on street parking.

The decor is fairly neutral (other than the removable swirly carpet in the lounge) although the kitchen and bathroom are getting a wee bit tired.

Let’s do the maths.  This house is on the market with Clancys Hendrie Legal

(a new one on me!) for offers over £130,000 so let’s say it goes for £135,000.  A flat like this in this area should rent for £800 pcm so that gets you to a yield of 7.1%.

If you would like any advice on buying a property to let, feel free to give me a call 01968 674601, email me on ( pop into the office for a chat (6 Bank Street, Penicuik).

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