Tuesday, 24 November 2015

‘Easy’ buy to let Penicuik mid terraced house

After our mild Autumn, Winter is certainly upon us with this cold snap.  However, I spotted this new to the market, ‘easy’ buy to let property that will warm the heart of even the coldest buy to let investor!

Today’s opportunity from the Penicuik Property Blog is a spacious three bedroomed mid terraced house with a large conservatory that provides extra living space at 13 Assynt Bank.  Assynt Bank is within a mature residential area behind Tesco near the River North Esk. 

The property has been recently refurbished and is in excellent condition throughout including having a good quality kitchen and bathroom.  On top of that, it double glazing, gas central heating and a low maintenance garden.  Overall, it is truely in walk in condition which makes it an ‘easy’ buy to let property – all you need to do is buy it and it is ready to go on the market!

This house is on the market with McEwan Fraser for an offers over price of £124,995.  Given that the property is empty and part exchange is available on it, you should be able to negotiate a reasonable price on this one so let’s say it goes for £130,000.  The right tenants should pay £800 for a house like this so that’s a yield of 7.4%.  Given that it is an ‘easy’ buy to let property, that’s a good return.

We hope you find our posts useful.  If you want some buy to let 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), call us on 01968 674601 or email either of us (robert@thekeyplace.co.uk; linda@thekeyplace.co.uk).

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