Tuesday, 28 July 2015

A wee bit of TLC needed for this Penicuik bargain!

Today’s star property in the Penicuik Property Blog needs a wee bit of TLC but given the price it is worth the effort.

The property is a mid-terraced house at 98 Cuiken Terrace in Penicuik.  It is near Cuiken Primary School just up the road from Tesco.  The house has a large lounge/dining room, a modern fitted kitchen, 3 bedrooms and a fairly dated bathroom.  The wee bit of TLC is needed to the bathroom and the decor – a fair bit of the property needs re-decorated to neutralise it.

Stuart & Stuart are selling the house for offers over £110,000.  The property has been on the market since the end of March and the price was dropped from the Home Report value of £125,000 to this lower price in the middle of May but is still hasn’t sold.

I would expect you could get £800 per calendar month in rent for this house which, based on a price of £110,000, gives a yield of 8.7% which would make it worth the effort of giving it a wee bit of TLC!

We hope you find our posts useful.  If you want some advice on this property, another property you have in mind or anything else property related, come and see us in our office (6 Bank Street, Penicuik) or email either of us (robert@thekeyplace.co.uk; linda@thekeyplace.co.uk).

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