Friday, 8 January 2016

New Year flat investment opportunity in Falkirk with 11% yield


Today’s buy to let opportunity is a 1 bed flat on St Crispins Place which is right in the heart of Falkirk.

There is plenty of accommodation including a decent sized lounge with a modern fitted kitchen off it, a good size double bedrooms, a well presented shower room and on street parking.  The property also has central heating although it has single glazed sash and case windows. 
A couple of points to note.  The decor in the property is generally in reasonable condition although there are some bold colours that you may want to tone down to make the property more appealing to a wider range of potential tenants!  Also, by the looks of it, there is a leaking gutter at the front of the property which is causing water damage to the stone work below it.  This is likely to be a communal repair.


Doing the maths. The property is on at a fixed price of £36,000.  Rent of £325 pcm should be achievable on a property like this which gets you to a 10.8 % yield.

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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