It is all about yield for today’s The Edinburgh Property Blog buy to let opportunity.
The property is a second floor, two bed flat in Hailesland Gardens. Hailesland Gardens is in Sighthill so it is not in the most prestigious part of the City but the yield compensates for this. The flat has a living/dining room, an ageing fitted kitchen, two good sized double bedrooms and a shower room (ie there is no bath). I suspect an older person has lived in the flat until recently and it looks well maintained but a wee bit dated.
Let’s do the maths. This flat is on the market with More Property for offers over £70,000 so let’s say it goes for £77,000. A flat like this in this area should rent for at least £650 pcm so that gets you to a yield of more than 10%!