Today’s buy to let opportunity is a 3 bed, terraced house
at 9 Lomond Vale in Penicuik that is being sold by Stuart & Stuart. Lomond Vale is a cul de sac at the bottom end
of Ladywell, off Wyvis Park.
There is plenty of accommodation including a decent sized
lounge/dining room, a modern fitted kitchen, 3 double bedrooms, a bathroom with
a shower, gardens and on street parking.
The property’s kitchen and bathroom look reasonable but I suspect that
an older person has lived in the property so the decor etc would need a wee bit
of ‘tidying up’ to make it lettable.
Doing the maths. The property is on the market with Stuart
& Stuart for offers around £130,000 so let’s say it goes for £130,000. Rent of £800 pcm is achievable on a property
like this particularly with housing benefit tenants which gets you to a 7.4%
yield.
We hope you find our posts useful. If you would like some advice with your
potential investment, please come and see us in our offices (6 Bank Street,
Penicuik), call us (01968 674601) or email either of us (lettings@thekeyplace.co.uk).
For other Penicuik buy to let opportunities see www.penicuikpropertyblog.co.uk. A few examples are below:
- Evelyn Terrace, Auchendinny http://bit.ly/1Yhu0pH
- Pentland Terrace, Penicuik http://bit.ly/1rg3hN1
- Dalmore Mill, Penicuik http://bit.ly/1tm98T4
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