I was coming back from viewing a property with a landlord of mine when I spotted the ‘For Sale’ sign outside this flat on Marionville Road.
Marionville Road is in Meadowbank so it is within walking distance of the City centre and the railway station.
This apartment is in a traditional tenement block and it has a lounge, a separate kitchen, 2 bedrooms, a shower room and separate kitchen.has great accommodation, ample parking and impressive views.
Let’s do the maths.
This flat is on the market with Mov8 at offers over £120,000 so let’s say it goes for £132,000. A property like this in this area will rent for £750 pcm. So that gets you to a yield of 6.8%.
If you would like any advice on buying a property to let, give me a call on 0131 603 4570 or email me on firstname.lastname@example.org.