Tuesday, 12 January 2016

A Penicuik property opportunity that needs a bit of modernisation

For those of you who are looking for an investment property in Penicuik why take a look at this property below. I personally think it would make a good buy to let investment if you’re looking to add to a rental portfolio or looking as a first time investor. 

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.  It’s been on the market since October 2015 so there may be some movement on the price – let’s say you can get it for £105,000.  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 6.8%. 

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, call us on 01968 647601, come and see us in our office (6 Bank Street, Penicuik) or email us (robert@thekeyplace.co.uk; linda@thekeyplace.co.uk).

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