Some landlords are insatiable! One of our landlords, who had only just completed the purchase of a buy to let house in Liberton a couple of weeks ago, came into our office asking about my thoughts on this 2 bedroomed flat that he was considering buying.
The flat is in Drumdryan Street so it is terribly central as Drumdryan Street is just next to the King’s Theatre. There is plenty of accommodation – a lounge, a separate kitchen, 2 bedrooms (1 with a sleeping platform given the size of the room), a shower room and a separate WC.
Let’s do the maths. This flat is on the market with ACE for offers over £130,000 so let’s say it goes for £145,000. A property like this in this area will rent for £775 pcm so that gets you to a yield of 6.4% .... which is an impressive yield for a traditional City Centre flat like this.
If you would like any advice on buying a property to let, please email me on firstname.lastname@example.org.