Once a week we will 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.
Our property that we have chosen this week is a fantastic property that I took the liberty of visiting in the beautiful area of Gullane, East Lothian. The property is a lovely 2 bedroom 1st floor flat at 11 Bowhill Court.
It has gas central heating with a brand new boiler, double glazing, private parking and has been newly refurbished throughout to a great standard, it really is impressive.
One of the best things about this property is that the very savvy owners have refurbished with the buy to let investor in mind meaning that all the smoke and heat detectors are in place and the relevant certs.
You could literally buy this property and move a tenant in straight away which is fantastic.
The icing on the cake though is the potential yields on this property. You are looking at a yield of 6.5% to 7.3% comfortably. There is a good demand in Gullane for rental properties due to the picturesque scenery, good schools, transport links to Edinburgh, bars, restaurants, the beach and some of the best golf in the world.
There is a good size CALA Homes development with high spec flats being built next to this area (not close enough to cause a disturbance for any tenants) which should have a positive impact on nearby property prices in the near future plus, at the moment there are literally no two bedroom properties to rent in Gullane whatsoever which makes this opportunity a very attractive one.
The property is being marketed by Simpson and Marwick and you can check it out by following this link http://www.rightmove.co.uk/property-for-sale/property-50869323.html
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If you would like to chat to us about sourcing your next property call us on 01875 811121