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 traditional dual aspect 2 bedroom flat on Wardlaw Terrace, Edinburgh in the tried and tested Gorgie area which is popular with professionals, students and young families.
It's on the 1st floor which is good for most renters. (Ground floor can be a turn off for security conscious tenants). The property has UPVC glazing and gas central heating which should keep the property economical to run which is attractive to tenants.
Even though the second bedroom is a single there still should be plenty of interest from sharers and professional couple with a child to rent this flat.
The property needs a little money spending on it to get it up to rental legislation and make it a little more appealing to renters but it would be money well spent and you should see it returned in the long term.
The property is new to the market and is currently being advertised at offers over £130,000.
We think you could achieve an annual rental yield from 6.50% - 6.83% comfortably.
Like I said at the beginning of the article, Gorgie is tried and tested in Edinburgh for the rental market which should keep void periods to a minimum thus making this a safe investment and great opportunity to bulk up a property portfolio.
The property is being marketed by Mov8 and you can check it out by following this link: http://www.rightmove.co.uk/property-for-sale/property-71745512.html
The brochure and home report is also available on that page too. If you would like any advice on renting out your investment property, please get in touch.