Quality house buy to let opportunity in Penicuik

This great family home in Penicuik has come on to the market with Allan McDougall and I think it would make a perfect investment property.

The property is a spacious three bedroomed semi detached house 153 Rullion Road.  Rullion Road is a quality area in Penicuik.  Given the type of house it is and the location it is in, I would expect that this property will be sold fairly quickly so if you are interested in it, best you go and view it fairly quickly.

The property has a lounge, a separate dining room, a fitted kitchen, three bedrooms, a luxury shower room.  It also has gardens front and rear, a long driveway, gas central heating and most windows are double glazed. 

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To me it looks like an older person has lived in the property until fairly recently given that it has a shower room not a bathroom, given the age of the kitchen and by the looks of the curtains and that the property has been re-decorated and re-floored throughout to make it presentable for sale. 

It you bought this property I would recommend that you re-instated the bathroom as families want a bathroom even though they may not actually use it.  In addition, I would spend a wee bit of money getting new doors and worktops for the kitchen but I would not renew the whole kitchen.  Finally, I would get some neutral curtains.  Let’s say this work costs you £5,000.

This house is on the market with Allan McDougall for offers around £160,000.  After you spend £5,000 to do it up, that takes you to £165,000.  You should get a rent of £825 for a house like this so that’s a yield of %.  Given that it is a quality part of Penicuik, that’s a reasonable return.

If you would like to explore how we can help you with your property investments, or should you require any advice about investing in the Penicuik property market, wish to enquire about our Investment Analysis Reports, Property Sourcing, Residential Lettings or Property Management services, please do not hesitate to contact us on 01968 674601 or at robert@thekeyplace.co.uk; linda@thekeyplace.co.uk.

Alternatively please feel free to pop in and see us at our offices in 6 Bank Street, Penicuik for a chat, the coffee is always on.