Buy to Let Property of the Week 20/02/2018. Where will your next investment be?

Posted On:
February 20, 2018

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.

 

Good luck.

See what people are saying about us

"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

See what people are saying about us

“Excellent service from Vanilla Homes Property Management. Good rapport with my Property Manager who knows exactly what standards I aim to achieve with my properties.”
J.T. White

See what people are saying about us

"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."
Douglas Hardie