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.
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