Which type of
house should I buy in Penicuik to rent out to tenants – a 2 bedroomed one or a
3 bedroom one? One of our landlords
asked me that question this week. The first question I asked them was what were
they looking for from the investment – capital growth in the property or a
great yield?
Answering
this question will help you figure out which properties you should buy... The
average asking price of a 3 bed property in Penicuik is £158,200 today compared
to £132,100 for a 2 bed one. 3 bed properties achieve an average rental price
of £825 per month compared to £650 per month for two bedders.
That’s a
yield of 6.3% for a 3 bed against 5.9% for the 2 bed. So surely, the 2 bed semi
is the better bet? Well it does offer a better rate of return, but the 2 bed is
slightly easier to rent out (less void periods) and will be easier to sell in
the future.
We hope you
find our posts useful. If you want some 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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