Penicuik city centre stone built flat with 7% return

I spotted this little number, which I think should be right up any buy to let investors street.  A well maintained, 1 bed apartment in a stone building within walking distance of the city centre and with easy links to the bypass, perfect for the commuting tenant.  1 bedroom apartments in this area are renting for in the region of £525 pcm at the moment.  This apartment has great size accommodation and ample on-street parking although it has a shower room rather than a bathroom which may put off some potential tenants. 

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Allan McDougall have an asking price on this property of £90,000, so if you do your calculations on these figures, you are looking at a potential annual return of 7.0%, much better than what you are getting in the banks at the moment.

If you would like any advice on buying a property to let, feel fee to give me a call 01968 674601.