Penicuik ..... large and quality in Mauricewood

We are going large and quality in the Penicuik Property Blog today – large, quality house with large, quality returns.

Today’s property is a large, 4 bedroomed, extended semi-detached house at 21 Muirhead Place in the Mauricewood area of Penicuik.  Mauricewood is one of the most sought after places to live in Penicuik. 

The house has a good sized lounge, a large conservatory, an expansive fully fitted dining kitchen, 4 spacious bedrooms, a fully tiled family bathroom with electric shower over the bath, a partially floored attic, a double garage and gardens front and rear.  The decor is to a high standard – the property is in walk in condition.

The property is being marketed by our friends at Allan McDougall for offers over £190,000.  The Home Report valuation is £210,000 but the property has been on the market for three months now and we are moving into the quieter winter period so I would be hopeful you could secure this property for between £190,000 and £200,000.  Further details of the property can be found here http://www.rightmove.co.uk/property-for-sale/property-50149895.html.

A couple of things to remember about 4 + bed properties.  Firstly the wear and tear on a property generally increases with the number of people living in a property so be prepared for extra wear and tear on a rental property of this size.  Also, the number of people looking for 4 + bed properties is less than for, say, 1-2 bed properties so it may take a bit longer to rent out a property of this size.

I reckon you could get £1,200/month for this property which would get you a yield of 7.6% based on a price of £190,000 or 7.2% on a price of £200,000 ...... and the property is in Mauricewood!

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).