Modern, Falkirk BTL property with a yield of 7.6%

Today’s buy to let opportunity from The Falkirk Property Blog is a modern flat in the New Carron development in Falkirk.

The property is a two bed flat, first floor flat in Dundee Court, New Carron, Falkirk.  It has a large lounge with feature bay window, a separate dining kitchen, two double bedrooms with built-in double 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 (the sales chat should legally give the EPC rating but I can’t see it so it is worth checking this out to get an idea how economical the heating it).  Externally there is a resident’s parking space with the property as well as communal grounds.

Double click here to see more details of this property

Turning the all important financials.  The flat is on the market with Homes for You for offers over £69,995 so let’s say it goes for £75,000.  I would expect this property to achieve rent of £475 pcm so when we work out the annual gross yield you could be looking at a gross return of 7.6% which is a fairly 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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