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 new build 2 bedroom flat on Sandpiper Road in the recently rejuvenated Newhaven (Edinburgh) area which is popular with professionals, families and retirees. The property is right next door to a number of gym’s, shopping centres, schools, restaurants and cinema as well as the harbour itself and all the fresh air that comes with it.
It's on the 1st floor which is good for most renters. (Ground floor can be a turn off for security conscious tenants). As well as having private parking this property is fully factored with secure entry and concierge service which also is a big draw. It is energy efficient with double glazing and gas central heating.
The property is new to the market and is currently being advertised at offers over £175,000.
We think you could achieve an annual rental yield from 6.32% - 7.26% comfortably.
This area is proving more and more popular which should help keep void periods to a minimum making this a good safe investment and great opportunity to bulk up a property portfolio.
The property is being marketed by McDougall McQueen and you can check it out by following this link: http://www.rightmove.co.uk/property-for-sale/property-64104901.html
If you would like any advice on renting out your investment property please get in touch.