Negotiate hard to get good deal on this Penicuik buy to let property

Today’s Buy to Let opportunity from the Penicuik Property Blog is a stone build flat that is ready to rent in Auchendinny .... stone built properties like this are not that common in and around Penicuik!

This property is a one bed, ground flat at 9 Evelyn Terrace in Auchendinny which is just up from the bridge at the bottom of the Auchendinny hill.  Auchendinny is surprisingly popular as it is close to the Bush, Roslin Institute etc so getting high quality tenants is fairly easy.

The flat is in a stone build block and it is in a ready to rent condition having been well maintained.  It has a lounge/dining room, a fitted kitchen, one double bedroom and bathroom with a bath with a shower over it.  It has double glazing and gas central heating, the decoration is in good order as is the flooring.

Double click here to get more details on the property

This flat is on the market with Mov8 for offers in the region of £85,000.  It has been on the market since early March 2016 so the seller should be open to a wee bit of price negotiation by now so let’s say you can get it for £85,000.  Auchendinny is popular with people working in Roslin at, for example, the Roslin Institute.  This flat will rent for £500 minimum and the right tenants may pay £525 for it so that’s a yield of 7.1% to 7.4% which is good for a stone built property in this part of town. 

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 (01968 674601) or email either of us (lettings@thekeyplace.co.uk).