Back after a short break, it's time to 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 3rd floor flat on Heron Place down at the beautiful harbour area of Edinburgh, which is a popular area for professional’s and families.
It's on the 3rd floor which is good for most renters. (Ground floor can be a turn off for security conscious tenants). I do believe there are lifts in the building.
There is also underground secure parking with this one which is great.
The property is new to the market and is currently being advertised at a fixed price of £159,500.
Taking into consideration factoring fees which are £88 a month we think you could achieve an annual rental yield from 6.00% - 6.50% comfortably.
I have personally rented flats to customers in this building so know it well, people who move in here are generally happy and with views like the ones they have right across the harbour and over the Firth of Forth and Fife who can blame them. The property also has a nice and low energy performance certificate making it future proof which will be down to its gas fired central heating and double glazing. Due to demand the property shouldn’t have any problems renting, keeping 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 DJ Alexander and you can check it out by following this link: http://www.rightmove.co.uk/property-for-sale/property-67983563.html
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If you would like to chat to us about sourcing your next property call us on 01875 811121