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 have selected a property in a modern development, Ferry Gait Crescent, located just off Ferry Road. The location of this property makes it an ideal investment opportunity as it will appeal to a wide variety of people given it's accessibility to the city centre, but it also offers great links out of the city towards the Gyle and Airport.
The first floor property comprises a open plan kitchen/living room, two double bedrooms with fitted wardrobes and separate bathroom. In addition, the property has the added benefit of residents parking, which can be an important factor for many tenants.We rented a similar property in this development recently without having to go to the open market, highlighting just how popular properties in this area can be.
The property offers a very good return of between 6.21% and 6.62% and is unlikely to sit on the market for very long.
In addition, the property appears to be in a good decorative order throughout, so would be able to be launched onto the market with minimal preparation work required in order to bring it up to standard.
The property is currently on the market with Smart Property, advertised at offers over £130,000 and can be found at http://www.rightmove.co.uk/property-for-sale/property-73504016.html
If you would like any advice on renting out your investment property or help sourcing your next property, please get in touch us at Vanilla Property Management, Letting Agents based in Musselburgh, East Lothian.