Property picks: buy-to-lets
Nicky Lloyd, head of ESPC Lettings, selects her favourite properties for sale that would be great as buy-to-lets.
Offers over £290,000
3 bed second floor flat with 2 public rooms
This is a fantastically well-presented property and could be purchased in this rental-ready condition, meaning that once completion has taken place the property could immediately be advertised on the rental market. The great layout and space would make it appealing to young professionals or families, and could be offered furnished or unfurnished. The average gross rental yields on similar properties is 5.7%.
Offers over £245,000
2 bed ground floor flat with 1 public room
Modern properties like this are attractive to landlords and tenants. The property is in move in condition and offers every convenience of modern living with the added bonus of secure underground parking, making it a popular option for young professionals. The factor of the building will deal with communal issues and repairs, making it easier for the landlord. The average gross rental yields on similar properties is 5.7%.
Offers over £175,000
2 bed third floor flat with 1 public room
This is an extremely central property that would appeal to young professionals or students. This would offer a great rental opportunity for both short and long term lets, almost guaranteeing yearlong occupation. Again, great move in condition meaning reduced potential void periods. The average gross rental yields on similar properties is 5.4%.
Offers over £105,000
1 bed top floor flat with 1 public room
Ref: 368491 (Under offer)
One bedroom properties have always been, and will continue to be, the bread and butter of the rental industry. This particular property is in great condition and is located in the popular area of Dalry /Haymarket which offers great local amenities and is conveniently located for access to buses, trains and trams stops. This area is popular with young professionals and we would recommend offering this type of property furnished. The average gross rental yields on similar properties is 5.6%.