Today’s buy to let opportunity from the Penicuik Property Blog is a fairly standard, 2 bed property at 79 Windsor Drive in Penicuik.
It is a 2 bedroom, semi-detached house. The property has a large lounge/dining room with a conservatory off the back adding more living space, a fitted kitchen, 2 bedrooms, a family bathroom with a shower over the bath, mono blocked drive way to the front that looks like it can take 2 cars and a very ‘low maintenance’ garden to the rear.
The decor and floor coverings are neutral.
Let’s do the maths. This house is on the market with Deans Properties for offers over £125,000 so let’s say it goes for £135,000. A house like this in this area should rent for £725 pcm, possibly £750 pcm. Assuming a rent of £725 pcm gets you to a yield of 6.4%.
Although just on the market, this property is likely to sell quickly so you will need to move fast if you are interested in it.
If you would like any advice on buying a property to let, feel free to give me a call 01968 674601, email me on (firstname.lastname@example.org) pop into the office for a chat (6 Bank Street, Penicuik).
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