Modern Penicuik flat with 5.6% return

I spotted this little one, which I think should be right up any buy to let investors street who is looking for a modern, low maintenance property.

50 Esk Bridge, Penicuik is a well maintained, 2 bed apartment in the modern Esk Bridge development within walking distance of the city centre and with easy links to the bypass, perfect for the commuting tenant. This apartment has great accommodation and an allocated parking space. 

http://www.rightmove.co.uk/property-for-sale/property-54235655.html

Allan McDougall are selling this property and the asking price is offers around £140,000.  2 bedroom apartments in this area are renting for in the region of £650 pcm at the moment.  So if you do your calculations on these figures, you are looking at a potential annual return of 5.6%, which takes account of the modern, desirable, low maintenance nature for the property.

We hope you find our posts useful.  If you would like some advice with your potential investment, please come and see us in our offices (6 Bank Street, Penicuik), call us (01968 674601) or email either of us (robert@thekeyplace.co.uk; linda@thekeyplace.co.uk).