High yielding 3 bed flat in Falkirk .... 11.5% high yielding!

Today’s buy to let opportunity from The Falkirk Property Blog is a high return property but, as you will have heard me say before, with higher return comes higher risk so go into this one with your eyes open.

The property is a top floor 3 bedroom flat in Haugh Gardens.  Haugh Gardens is a cul de sac off Haugh Street which is of Carron Road. The flats is in a 1950’s block and it is an ex Council property.

This apartment has a good sized lounge, an almost fitted kitchen with a balcony off it, three decent sized bedrooms and a bathroom with a bath and shower over it.  There is double glazing, gas central heating and off street parking.  The flat needs a wee bit of TLC – let’s say this will cost you £3,000.

Double click here to get more details about this property

The asking price for this property, which is on the market with Your Move, is offers over £49,950.  It has been on the market since October 2014 so let’s say it sells for £52,000 which, once you add in the £3,000 TLC spend, gets you to a total spend of £55,000.  Based on our experience of renting this type of properties in this area, you should get a rent of £525 pcm on this property.

So that gets you to a yield of 11.5%.

If you would like to explore how we can help you with your property investments, or should you require any advice about investing in the Falkirk property market, wish to enquire about our Investment Analysis Reports, Property Sourcing, Residential Lettings or Property Management services, please do not hesitate to pop in an see us in our new office at 6 Vicar Street, Falkirk or contact us by phone on 01324 469840 or by email at falkirk@thekeyplace.co.uk.