FREE Online Valuation in just 60 seconds

Click here
Edinburgh Skyline

Midlothian

image

Midlothian | Midlothian

Lying to the south of Edinburgh on the bank of the River Esk is the town of Penicuik. The area is popular with families due to its good schools and outdoor setting.

The town itself has shops, bars and restaurants meaning everything you need is on hand without having to travel far, however it’s also just 10 minutes away from, the extensive, Straiton retail park which has a host of popular shops including IKEA, Sainsburys, TK Maxx and Sports Direct.

Penicuik has enjoyed a great 7% increase on property value (over the past 12 months from writing) showing just how good an investment opportunity there is in the area.

Investors can enjoy higher returns on their investment here with property values generally being lower than neighbouring Edinburgh, but rents being on a similar scale.

Unfurnished is the best way to go in Penicuik which generally attracts a longer term tenant, which is also desirable to many investors.

We recently found 3 properties listed in the area that could be acquired for less than £100k that would likely bring a return of £650 per month. An investment of this type would allow an investor to benefit from yield as well as the capital value gain.