Modern, fixed price Falkirk BTL property with a yield of 8.6%

Today’s buy to let opportunity from The Falkirk Property Blog has some certainty about it as it is on at a fixed price and, according to Rightmove, this price was just changed last Friday.

The property is a one bed flat, second floor flat at 22 Longdales Place, Falkirk in New Carron Village.  It has a large lounge, a separate fitted kitchen, a double bedroom with built-in wardrobes and a bathroom with a shower over the bath.  The flat looks like it has double glazing (but the sales chat doesn’t actually mention this so it would be worth checking) and it has electric heating although the EPC (energy efficiency) rating is C which good.  It is worth checking the parking arrangements as it is not immediately obvious what they are but normally there is residents parking for flats in this block.  

Double click here to see more details of this property

Turning the all important financials.  The flat is on the market with our good friends at Caesar & Howie for a fixed price of £55,000.  I would expect this property to achieve rent of £395 pcm .... in fact there is currently a similar flat near to this one on the rent market for £395 .... so when we work out the annual yield you could be looking at a gross return of 8.6% which is a good return in the current market.

I hope you find our posts useful.  If you would like some advice with your potential investment, please come and see me in our offices (6 Vicar Street, Falkirk), call me (01324 469840) or email me (robert@thekeyplace.co.uk).

www.thekeyplace.co.uk

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