Investment Information
- Current Rent – £675PCM
- Market Rent – £825PCM
- Fixed price – £185,000
- Home report valuation – £180,000 (Link to home report here)
- Gross yield – 5.35%
Opportunity to buy this fully-furnished, tenanted, spacious second floor flat in a fantastic location close to Edinburgh city centre. The Edinburgh St James redevelopment is a short walk from the property and we would expect the ripple effects of this development to impact on capital values throughout the Leith Walk/Pilrig areas once the development has been completed in 2020.
Generously proportioned, this flat is situated within a quiet corner of this popular landscaped development. The property comprises of; hall with storage, living room/dining room, fully fitted kitchen, two double bedrooms with built-in wardrobes, bathroom with white three piece suite and shower. We have been managing this second floor flat for a number of years with a fantastic pair of long-term tenants who are taking very good care of it (the landlord has been happy to hold off increasing the rent to the current market level. There is therefore scope to increase the rent).
Property Details
- EPC Rating: 80/83 70/74
- Council Tax Band: D
- Electric heating
- Double Glazing
- Currently tenanted
For more information on this fantastic investment contact Callum or phone 0131 221 0888.
