Today’s buy to let opportunity from The Edinburgh
Property Blog is one bed flat in Gorgie that has a tenant already in place so
it is ‘buy to let made easy’.
The flat is in Wardlaw Place in Gorgie. It has a lounge with a kitchen off it, a
double bedroom and a shower room (there is no bath).
Turning to the financials. The asking price for this property, which is
on the market with Braemore, is offers over £99,995. Based on information in the advert, the
seller is assuming that the flat will sell for £110,000 so let’s say it goes
for £1110,000 The flat is currently let
for £545 pcm which get you to a yield of 5.9%.
Whilst not the highest yield in the works, this
opportunity does have the advantage of having a tenant in situ which mean no
void period at the start and (hopefully) all the things you need for renting
(eg safety stuff) will already be in place.
We hope you find our posts useful. If you would like some advice with your potential
investment, please call me on 0131 603 4570 or email me on news@thekeyplace.co.uk.
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