The buy to let opportunities in the Penicuik Property Blog
this week are all 1 bed flats and they come from right across the spectrum!
This 1 bed has recently come on the market with Stuart &
Stuart.
It is a fairly basic 1 bed flat at 4 Andrew Court in Penicuik,
just off the Queensway, although it does have gas central heating and double
glazing. The description and pictures do
not make it clear whether the bathroom has a shower or not so it would be worth
checking this. Also, the bathroom
picture does not have a full shot of the WC so I am not able to see whether it
has the tell tale sign of being repossession – tape across the WC seat! Again, worth checking this out. Finally, the external picture shows that
there is a defective communal down pipe and it is worth considering the
difficulties landlords sometimes have in getting even simple communal repairs
done.
The property is on the market for offers over £70,000 so
let’s assume it goes for £75,000. It
will rent for £500 – £525 which gives a yield of 8% – 8.4%.
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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