Modern Penicuik flat with 6.5% return

I spotted this little one, which I think should be right up any buy to let investors street who is looking for a modern, low maintenance property.

12 Bankmill View, Penicuik is a well maintained, 3 bed apartment in the modern Valleyfield development within walking distance of the city centre and with easy links to the bypass, perfect for the commuting tenant. 3 bedroom apartments in this area are renting for in the region of £825-850 pcm at the moment.  This apartment has great accommodation and an allocated parking space. 

This property is being sold by Allan McDougall with an asking price of offers over £145,000 so let’s assume it goes for £155,000.  If you do your calculations on these figures, you are looking at a potential annual return of around 6.5%, which takes account of the modern, desirable, low maintenance nature for the property.

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).