Today’s buy to let opportunity from The Bo’ness Property
Blog is a stone built, 1 bed flat on Grange Terrace just along from Victoria
Park.
The flat has a large lounge, a new fitted kitchen, a
double bedroom and an internal bathroom.
It also has gas central heating, double glazing, a communal garden to
the rear and on street parking.
This flat is on the market with Wilson Auctions for a
guide price of £45,000 and it should rent for £450 pcm which gets you to a very
impressive yield of 12%.
So what is the catch then, I hear you ask. Well it is the auction element. If you buy at auction then you get less
protection than offered by a normal sale and you need to have the money
available on the day of the auction .... and of course the price paid may be
above or below the guide price which adds uncertainty. However, give the type of property it is
(stone built in nice area) and the possible yield (an attractive 12%), it is
worth putting s bit of effort into it .... and you may even be able to buy the
property before it goes to auction.
I would be happy to discuss this property or any other
that you have your eye on. Please call
me on 01506 828096, pop into the office at 19 Main Street to see me or email me
on news@thekeyplace.co.uk.
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