Buy to Let Property of the Week 06/08/2018 - Where will your next investment be?

Posted On:
August 6, 2018

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.

Living Room - Watson Crescent

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%.

Bedroom - Watson Crescent

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.

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"Graeme has been a brilliant property manager for us. We have had little reason to contact him but when we have he has responded almost immediately and sorted any problems we have had. He has made our first rental experience in Edinburgh very enjoyable and we would not hesitate to recommend him to anyone."
Tenant
Sloan Street, Leith

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"Vanilla did a fantastic job of remodelling the lower floor of our house to form a large open plan kitchen/living/dining area. We were delighted by the quality of the work carried out at a competitive price by Chris and his team."
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