Beautiful Capital City of Scotland is a popular tourist and business destination all year round. The property market in this fine Festival City has consistently remained buoyant for a good number of years and doesn’t show any signs of slowing down at any time soon. Edinburgh is our hub for both the city and all surrounding areas from the scenic Scottish Borders to the commuter towns of and picturesque villages of Fife.
- Council Tax Band:B
- Superb investment property
- Gas central heating
- Double Glazed windows
- Fantastic city centre location
- Ground Floor
- Shared garden
- Perfect blank canvas
- Popular rental area
- Large rooms
- Sole access to front garden
Fantastic opportunity to purchase 1 bedroom ground floor flat in need of renovation close to the centre of Edinburgh. This property is in need of upgrading throughout however it offers the perfect blank canvas for investor, developer looking for their next project or a cash buyer looking for a property that they can put their own stamp on before moving in to live themselves.
This ground floor property is entered from a well maintained communal stairway, within the flat there is an entrance hallway, a bright and spacious open plan living kitchen area, Large double bedroom with space for built in wardrobes and a W.C with space for a bath or a shower.
This property further benefits from double glazed windows, gas central heating, shared garden area to the rear as well as a small garden along the south facing frontage that is wide enough to host a small breakfast table and chairs. There is zoned parking in the area.
Realistic rent for a property in this area once the renovation is completed is around £850pcm which would give an annual income of £10,200.00
Comparable Sales Evidence in the area:-
11/6, Caledonian Crescent, Edinburgh, Midlothian EH11 2AN- £168,000.00
55/1, Caledonian Crescent, Edinburgh, Midlothian EH11 2AT- £180,000.00
Local shops are aplenty, plus larger stores such as Lidl are close by. For recreation, the Fountain Park Complex with multi-screen cinema, Virgin Active gym and Dalry swim centre are nearby.
This flat is also a great option for students as Heriot Watt, Napier and Edinburgh College are within an easy bus commute. For direct connection to South Gyle and Edinburgh Airport, the new tram connection is available.
In the event of an offer being accepted the following charges will be payable immediately:-
Buyers Fee £3,000
Deposit to the sum of 10% of the sale price. (Subject to a minimum of £3,000)
EPC rating: F.