10%! YES 10% return on Penicuik BTL property

This property has recently come to the market through Your Move, with an asking price of offers over £94,000. It's a 3 bedroom mid-terraced house in Teviot Grove in Penicuik. This property would rent for £800 pcm, therefore assuming it sells for £99,000 (being £5,000 above the offers over price) you could be looking at an annual gross yield of 9.7%. 

http://www.zoopla.co.uk/for-sale/details/37955983

The house is in a lettable condition although you would want to check that there was a shower in the bathroom (you can’t see from the photos) and you would probably want to make the garden lower maintenance! Also, given its location, it is likely to appeal more to housing benefit type tenants but after all that’s why you are getting a yield of 10%.

We hope you find our posts useful.  If you want some buy to let 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).