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SOLD STC

Birkenside, Gorebridge, EH23

Floorplan 1
1

Key features

  • Tenanted & Fully Compliant
  • Buy-to-let Investment
  • Home Report £140K
  • 2 Bedrooms
  • Current Rental £874.67
  • Current Yield 7.7%
  • 65 sq m
  • No Buyer Fees
  • EPC Rating C
  • Unfurnished Let

Description

Tenanted two bedroom buy-to-let investment located in the popular Midlothian town of Gorebridge. This well-proportioned upper villa flat presents an excellent buy-to-let investment opportunity, with tenants in situ providing immediate rental income. Set within a traditional two-storey block dating from the 1930s, the property comprises an entrance hall, spacious livingroom, kitchen, 2 bedrooms and bathroom. The property benefits from having gas central heating, double glazing, a garden, and being fully compliant for the rental market. 

This buy-to-let investment is being sold with tenants in situ, ensuring rental income from day one. The tenant has been in residence since May 2023, generating an annual rental income of £10,496.04, offering an immediate yield of 7.7%. A rent increase notice has been served on the tenant with a new rental of £950pm due to start on 1st September 2025 - increasing the yield to 8.4%. The property is let unfurnished and sold as seen. The Home Report value is £140K.

Gorebridge is a village in Midlothian, approximately 10 miles from Edinburgh. Its property market is characterised by its strategic location near Edinburgh, ongoing development projects, and a strong rental demand. These factors contribute to its attractiveness for both homebuyers and investors.

Brochures

Brochure 1
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Birkenside, Gorebridge, EH23

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About Portolio, Edinburgh

Portolio Ltd, Westpoint, 4 Redheughs Rigg, Edinburgh, EH12 9DQ
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Portolio is a specialist estate agent for landlords, selling tenanted properties from landlord to landlord while ensuring tenants remain secure in their homes. Founded by two Scottish letting agents in 2017, Portolio is the product of the decades of knowledge amassed by co-founders Chris Wood and Ross MacDonald. Its business model fuses the skills required to be an estate agent with a deep knowledge of lettings, and what is required in the world of buy-to-let, from property styles and locations, to rental yields, capital appreciation potential, and all required safety legislation. Portolio is fully NAEA qualified and sells tenanted properties and portfolios across Scotland and England.

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Disclaimer - Property reference 28892870. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Portolio, Edinburgh. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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