Each week we have a look through Edinburgh and the Lothian’s property for sale market and highlight a buy to let investment opportunity which offers good value, potential for a decent yield and a safe bet for good long-term tenancies.
Our search is completely independent and we hold no affiliations with any of the selling agents that happen to be marketing our chosen property.
This weeks property is a 1 bedroom property located on Watson Crescent in Edinburgh's Polwarth area, which is a highly desirable area at the moment for a wide variety of potential renters given its proximity to the City Centre, Universities, Fountainpark entertainment complex and many more local amenities. The property comprises; entrance hallway, open plan kitchen/living room with large storage cupboard, bathroom and bedroom. In addition, the property benefits from Gas Central Heating, double glazing, peaceful views over the canal and is located on the third floor of the building which can have a big impact on some renters who do not want to be situated on the ground floor.
The property is in need of some minor renovation works, however, this is taken into consideration as the asking price is set at Offers Over £115,000.
The rental potential for this property is excellent, and we believe that the yield the property could achieve would be in the region of 7%.
The property is currently on the market with Lindsays and can be found at the following link. However, be quick as it appears a closing date has now been set, so any potential investors will need to move quickly. http://property.lindsays.co.uk/search/details/1-bedroom-property-for-sale-in-Polwarth-EH11-rps_lin-EDB180545
If you would like any advice on renting out your investment property or help sourcing your next property, please get in touch with us at Vanilla Property Management, Letting Agents based in Musselburgh, East Lothian.