Today’s buy to let opportunity from The Edinburgh Property Blog is modern two bed flat in Warriston.
The flat is in Powerhall Rigg. It has a lounge with a kitchen off it, two good sized double bedrooms one with an en suite and built in wardrobes and a bathroom. There is gas central heating, double glazing and a door entry system. Outside, there is residents’ parking as well as communal grounds.
The flat looks are if it is in rentable condition subject to the normal caveats regarding the need to check the safety stuff.
Turning to the financials. The asking price for this property, which is on the market with McEwan Legal, is offers over £199,995. It has been on the market for a while and the price has been dropped from the original – there was price drop on 26 October 2018 – which suggest a motivated seller so let’s say it goes for £215,00. I would expect that a rent of £900 could be achievable on this flat which gets you to a gross rental yield of 5%.
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