Tuesday, 3 November 2015

A wee bit of modernisation needed for this Penicuik property opportunity

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%. 

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).

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