Today’s buy to let opportunity is a recently refurbished,
1 bed stone build flat on Oswald Street which is right in the heart of Falkirk.
There is plenty of accommodation in this recently
refurbished property including a decent sized lounge with a new modern fitted
kitchen off it, a good size double bedroom, a new well presented bathroom room
and on street parking. The property,
which has upvc double glazing but electric storage heating, has bee recently
redecorated throughout and it is in lettable condition.
Doing the maths. The property is being sold by Remax as
is on at offers over £42,000 with a the Home Report value of £50,000 so lets
say it goes for somewhere between £45,000 and £50.000. Rent of £350 to £375 pcm should be achievable
on a property like this which gets you to a yield of between 8.4% and 10% which
is a cracking yield for a recently refurbished, stone build property.
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