Here at The Key Place, we can guide you to the right
places to identify property values and yields in Penicuik and, as well as that,
we can provide you with other useful property related information so you can
make sure you know all you need to know before making your future investments.
I was reminded of this the other day when I was chatting
to a landlord of mine and he said that I was a font of useful information about
the Penicuik property market ..... at least I think he said useful!
This got me thinking that others may be interested in
some ‘useful’ property facts about our town of Penicuik....
There are 230 streets Penicuik with 6,627 households, and
just 21% of all those houses (1,380 to be precise) have changed hands since
2008.
Compared to the national average, Penicuik has 18% less
detached houses, 51% more semi detached houses, 95% more terraced houses and
52% less flats. This ties in with Penicuik having significantly less single
person property occupancy compared to the national average (27% vs 35%) and
correspondingly more 2 person + households.
This is a good indicator that Penicuik is good place to buy property in
as yields on semi detached and terraced houses are generally higher than
detached houses and flats.
Penicuik has more owned properties than the national
average (71% vs 62%) and less Council/social renting than nationally (21% vs 25%). Overall this means that only 8% of properties
in Penicuik are privately rented which is much lower than the national average of
13%. Given that there is a shift towards people renting rather than buying
their own home, this means that there is more to ‘go after’ in Penicuik.
We also have information at our fingertips on seemingly
daft things which can turn out to be quite important. For example, 92% of properties in Penicuik
have gas central heating which is much higher than the national average of
74%. This is really useful to know when
refurbishing a flat and considering whether you can ‘get away’ with electrical heating
..... you probably can’t in Penicuik
I could go on but I better not!
If you would like more useful facts and figures pop in to
see us at my office (6 Bank Street, Penicuik), call
me (01968 674601) or email me (news@thekeyplace.co.uk).
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