Today’s Buy
to Let opportunity from the Penicuik Property Blog is a stone build flat that
is priced to sell .... it is not often you hear these two things in the same
sentance
as stone built properties like this are not that common in Peniciuik!
This property
is a one bed, main door, ground floor flat at 9 Peebles Road in Penicuik – as
the name suggests, Peebles Road is the road south from Penicuik to Peebles.
The flat is
in a stone build block and it is in an ‘ok’ condition – you could probably rent
it out in its current state .... just .... but it could do with a bit of
modernisation. It has a lounge with
dining area, fitted kitchen, one double bedroom and a shower room. It has gas central heating, double glazing
and the decor is fairly neutral.
The kitchen and rear vestibule parts of the flat have
been added well after the property was first build and the lounge has a funny
looking ‘half wall’ type thing at ceiling height. You should check the home report to ensure
that these are structurally sound and should get your lawyer to check that
these having planning permission.
This flat is on the market with Allan McDougall for
offers around £70,000. You may want to
spend a bit of money doing the property up, let’s say £5,000. The right tenants should pay £525 for a flat
like this once it has been done up so that’s a yield of 8.4% which is good for
a stone built property in this part of town.
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