Forth Street Edinburgh, EH1

2 bedroom Flat in Edinburgh

Sold
Fixed Price £440,000
Current Yield 4.3 %
Potential Yield 5.3 %
Property Reference: 188978178
  • Flat
  • 2 Bedrooms
  • 1 Bathrooms
  • 1 Receptions
  • 990 sq ft

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Long Term Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers.
  • Prime Edinburgh City Centre Real Estate
  • Open Plan Lounge
  • Garden Room
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

Our latest listing is a piece of prime real estate in Edinburgh City Centre. It is a spacious 2 bedroom flat located in the city centre that has a long term tenant currently situated and has been kept in fantastic condition.

The home features 2 bedrooms, a three-piece bathroom, a spacious lounge, kitchen and garden room.

Investment details

The property currently produces an annual gross income of £19,200 which could be increased by the new owner to a market rate of £24,000 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested in viewing the Home Report, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Location

The property is found right in the centre of Edinburgh making it one of the most desirable properties in Scotland. With countless amenities in walking distance of the flat and being one of hottest spots in the country, the property is in the perfect position for renting out over the long term.

Lounge

Filled with natural daylight thanks to the large front windows, the lounge makes for an ample living area with lots of space for furniture and gatherings.

Kitchen

The kitchen has been kept in great condition and is very spacious with enough room for a dining table.

Bathroom

A lovely three-piece bathroom is found consists of a wash basin, W.C. and bath tub with an overhead shower attachment.

Bedrooms

The bedrooms are a good size with enough room for double beds, bedroom furniture and storage cabinets.

Exterior

A garden room can be accessed via the lounge/kitchen.

Let Property are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is fully refundable in the event of non-completion at no fault of your own.

Helpful Information

Council Tax Band: E
Property Reference: 188978178

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £1,600
  • Potential Rent pcm: £2,000
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: 2 years +
  • Tenants means of funding: Employment
Property Reference: 188978178
Property Reference: 188978178

Property Location

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Request DetailsForth Street Edinburgh, EH1

Fixed Price £440,000

Make an offer
Forth Street Edinburgh, EH1

Listing Price

Fixed Price £440,000

Disclaimer
All offers are submitted to the seller for approval. On acceptance of your offer you will be required to instruct a solicitor for Legal Acceptance of your offer. A fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. Terms and payment details will be provided upon verbal acceptance of your offer.