Today’s buy to let opportunity from The Edinburgh Property Blog is a ready to let, recently re-decorated 1 bed flat in Caledonian Crescent.
Caledonian Crescent is in Dalry within walking distance of the City Centre.
Turning to the financials. The asking price for this property, which is on the market with DJ Alexander, is offers over £115,000 so let’s say it goes for £125,000. Based on my experience, a rent of £675 - £700 pcm should be achievable on this property. So that gets you to a yield of 6.5% - 6.7% .... and it is terribly, terribly central which is good from a capital growth point of view.
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