0141 674 1833

Magdala Terrace, Galashiels, TD1

1 bedroom Flat in Galashiels

For Sale
Fixed Price £55,000
Current Yield 8 %
Potential Yield 10 %
Property Reference: 193074413
  • Flat
  • 1 Bedrooms
  • 1 Bathrooms
  • 1 Receptions
  • 34 sq m

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Long Term Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • Spacious Lounge
  • Three Piece Shower Room
  • Rear Garden Space
  • Close Proximity to Local Amenities
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

This property is a 1 bedroom flat located in Galashiels. It has a long term tenant currently situated, has been kept in good condition and is able to generate fantastic rental returns.

For investors in this area, this would be a rewarding addition to your portfolio!

This well-kept home is neutrally decorated throughout and features 1 bedroom, a three-piece shower room, a spacious lounge, a kitchen and garden space.

Investment details

The property currently produces an annual gross income of £4,800 which could be increased by the new owner to a market rate of £6,000 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

Galashiels has a lot of local valuable amenities including a supermarket, independent retail shops, cafes, bars and restaurants.

There are regular bus services connecting the other major Border towns as well as connections southward towards Newcastle. The Galashiels Train Station is also available making travel to surrounding areas quick and direct.

Living Space/lounge

The lounge makes for a fantastic living area with lots of space for furniture and gatherings.

Kitchen

The kitchen is a good size and has been kept in good condition by the tenants.

Bathroom

A bathroom consists of a wash basin, W.C. and walk-in shower.

Bedrooms

The bedroom is a good size with enough room for a double bed, bedroom furniture and storage cabinets.

Exterior

There is rear garden space outside the property.

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

Property Reference: 193074413

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £400
  • Potential Rent pcm: £500
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: 3 years +
  • Tenants means of funding: Employment
Property Reference: 193074413
Property Reference: 193074413

Property Location

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Request DetailsMagdala Terrace, Galashiels, TD1

Fixed Price £55,000

Make an offer
Magdala Terrace, Galashiels, TD1

Listing Price

Fixed Price £55,000

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.

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