Thursday, 14 February 2019

Property bargain to be had for this Penicuik stone built buy to let opportunity?

In The Penicuik Property Blog today we are revisiting a property that we first blogged about in early November because the passage of time might well mean that there is a bargain to be had – the property has been on the market since 30 September 2018 which is forever in current market terms!

Today’s buy to let opportunity is a flat in a traditional stone build block in Imrie Place, Penicuik .... so it’s handy for the centre of town.  It is a 1 bedroom, main door flat.  The property has a lounge with a modern kitchen off it, a double bedroom and a shower room.  It has gas central heating and double glazing. 

Outside, there is a garden to the rear .... which apparently needs some work to ‘bring it up to scratch’ .... and on street parking.

Running the number on this one.  The flat is on the market with Stuart & Stuart for offers over £88,000 so lets say it goes for £95,000 because it has been sitting on the market for a while now.  A property like this in this area should rent for around £625 pcm which give you a yield of 7.9% which is good for a traditional stone built property given their rarity.

If you would like any advice on buying a property to let, feel free to give me a call 01968 674601, email me on ( pop into the office for a chat (6 Bank Street, Penicuik).

#penicuik #property #buytolet #realestate #ownermanagedbusiness #retirement #retirementplanning #energyefficiency #privaterentedsector #prs #privaterentedsector #propertyinvesting


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