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 week we are recommending an interesting little one bedroom property located in Tranent, East Lothian. Tranent is ideally located for many individuals, including those working in Edinburgh, as it falls within Edinburgh for some bus fares. In addition, it is only a few minutes away from the main A1 offering a quick route into Edinburgh or The South. Tranent also boasts a variety of small independant shops and restaurants as well as being served by larger supermarkets.
The property itself has been freshly decorated and is fitted with a modern bathroom, kitchen and laminate flooring throughout. The property is located on the first floor which can be an added bonus for many renters, as some prefer not to be on the ground floor. It is noted in the Home Report that there are some communal damp issues to be addressed, with an indicative cost also included, however, as the costs would be shared among all owners, the cost per household is not a lot.
We believe that the potential rental yield on the property would be in the region of 9.2% - 10%, making it a fantastic investment opportunity for any investor large or small, but would be particularly attractive for an investor looking to start or expand their portfolio but with limited capital.
The property is currently on the market with Cameron Stephen & Co at Offers Over £65,000 and can be found at the following link. https://www.cameronstephen.co.uk/HTML/property-for-sale/895--high-street-tranent-106840/
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.