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.
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).
#falkirk #property #buytolet #realestate
#ownermanagedbusiness #retirement #retirementplanning #energyefficiency
#privaterentedsector #prs #privaterentedsector #firsttimebuyers
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