Good morning everyone, the sun is shining and the sky is blue .... isn’t Penicuik a great place!
Now Halloween has passed, we are beginning to move into Winter when the property market can change a bit as less properties generally come on the market in Winter months.
However, do not dispair, Winter can be a time to negotiate yourself a bargain as people selling properties in Winter are often keener to get them sold and can therefore be a bit more flexible on price so let’s all keep looking for bargains.
Today’s Buy to Let opportunity from the Penicuik Property Blog is a fairly standard spacious two bed mid terraced house at 5 Anne Street in Penicuik with gas central heating and double glazing.
Anne Street is on the boundry between the Rullion Road and the Queensway parts of Penicuik.
The house is a wee bit tired, particularly the kitchen and bathroom, and so needs some work to make it rentable.
This house is on the market with Allan McDougall for offers around £110,000. You may want to spend a bit of money doing the property up, let’s say £5,000. The right tenants should pay £625 for a house like this once it has been done up so that’s a yield of 6.5%.