Today’s Buy
to Let opportunity from the Falkirk Property Blog is a 3 bed, stone build traditional upper villa on Wellside Place
right in the heart of Falkirk.
The property
is in good condition with a large lounge, modern fitted kitchen, three good
sized double bedrooms and a fairly modern bathroom although the shower is an
‘off the taps’ one and the tile grouting may need a wee bit of TLC. Given the period of the property, the windows
are sash and case with shutters in places but they are only single glazed which
means that the EPC rating is low at F even though there is gas central heating. Finally, there is parking and garden to the
rear.
A few things
to mention. The period nature of the
property means that it is likely to be a marmite type of property ie people
will either love it or hate it. Also,
whilst the property has 3 bedrooms which will attract families, it is an upper
villa which puts off certain families particularly young families with
buggies. Given this, the property may
take a bit of time to rent but once rented you should have tenants that really
want to live in the property that will look after the property.
This flat is on the market with Your Move for offers over
£75,000 so let’s say it goes for £85,000.
The right tenants should pay £600 + for a property like this so that’s a
yield of 8% + which is good for a good quality, stone built property of this
type in central Falkirk.
We hope you find our
posts useful. If you would like some
advice with your potential investment, please come and see us in our offices (29
New Market Street, Falkirk), call us (01324 628332) or email either of us (robert@thekeyplace.co.uk; linda@thekeyplace.co.uk).
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