18, Sime Place, Galashiels, TD1 1ST
- PROPERTY TYPE
Ground Flat
- BEDROOMS
3
- BATHROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Turnkey HMO Investment: A modernised, ground floor 3-bedroom HMO flat in excellent condition, ideal for student or professional letting, with one room currently let at £400/month.
- All En-Suite Bedrooms: Each of the three bedrooms includes a private en-suite shower room and study area, enhancing tenant appeal and rental potential.
- Prime Location: Centrally located in Galashiels, close to amenities, education facilities, and transport links, ensuring strong rental demand.
- Portfolio Potential: Can be purchased individually or with two nearby HMO properties (26 and 20 Sime Place), offering a scalable investment opportunity with strong yield prospects.
Description
Each bedroom benefits from its own private en-suite shower room and study area, making it ideal for student or professional lets. One of the three rooms is currently let at £400 per month, offering scope to increase occupancy and income.
The accommodation comprises a private entrance hall, central hallway, open-plan living room/kitchen, and three en-suite bedrooms. There is access to a communal garden area to the gable end of the building.
Originally built around 1880 and fully reconfigured in 2008, this property is situated close to a range of local amenities, education facilities, and transport links, ensuring strong ongoing rental demand.
HMO License:
The property is currently let on a House in Multiple Occupation (HMO) basis, and it is understood that a valid HMO license is in place. It should be noted that HMO licenses are non-transferable and are granted to individual owners. Accordingly, any new owner would be required to submit a fresh application for an HMO license. Interested parties are advised to make their own enquiries with the local authority regarding licensing requirements.
Investment Opportunity:
For investors looking to expand their HMO portfolio, 18 Sime Place presents a compelling opportunity and can be purchased individually or as part of a portfolio package with 26 Sime Place and 20 Sime Place, Galashiels. This trio of properties offers excellent potential for strong rental yields and portfolio growth in a desirable location.
Brochures
Brochure- 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.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Communal garden
- 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
18, Sime Place, Galashiels, TD1 1ST
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Visit our security centre to find out moreDisclaimer - Property reference 260770. 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 Cullen Kilshaw, Galashiels. 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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