9.1% yield on Penicuik lower villa

Today’s buy to let opportunity is a new to the market 3 bed, lower villa on John Street just along from the Angle Park Garage corner that is being sold by Allan McDougall.  John Street is the main drag into Penicuik.

There is plenty of accommodation including a decent sized lounge, a fitted kitchen, 3 bedrooms (2 good sized double and 1 single), a recently refurbished bathroom, gardens and on street parking.  The property is in lettable condition and, by the looks of the photos, it has been re-decorated and re-carpeted as well recently. 

http://www.rightmove.co.uk/property-for-sale/property-55454750.html

Doing the maths. The price is £99,000.  Rent of £750 pcm is achievable on a property like this which gets you to a 9.1% yield.

If you would like any advice on buying a property to let, feel free to pop into the office at 6 Bank Street for a chat, give us a call 01968 674601 or email us on (robert@thekeyplace.co.uk; linda@thekeyplace.co.uk).