2 bedroom terraced house for sale
22 Magdalene Medway, Edinburgh, Midlothian, EH15 3DL
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- SIZE
732 sq ft
68 sq m
- 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
- £25,000 below Home Report Value
- Circa £35,000 Per Annum Potential
- Close to schools and parks, ideal for families and investors
Description
Town & Country Property Auctions present this £25,000-under-value two-bed, ideal for families and investors near local schools!
Description
22 Magdalene Medway
Guide Price: £145,000
Home Report Value: £170,000
£25,000 Under Market Value Strong Family Appeal High Rental & Serviced Accommodation Potential
Town & Country Property Auctions present this well-located two-bedroom property set within a popular and well-established residential area of East Edinburgh, making it particularly well suited to first-time buyers and families seeking access to local schooling, as well as investors targeting strong rental demand.
Magdalene Medway is a settled residential pocket positioned adjacent to Portobello High School, with additional primary schooling, parks, and everyday amenities close by. The area benefits from excellent connectivity into Edinburgh city centre, while also enjoying proximity to Portobello Beach, promenade walks, cafs and local shops, offering a desirable balance between city living and coastal lifestyle.
From an investment perspective, the fundamentals are compelling. Estimated long-term rental demand sits at £1,500 per month, while serviced accommodation presents strong additional upside (subject to local authority consent), with projected income of circa £35,000 per annum, based on 72% occupancy and an ADR of £134.
Equally, this property represents an excellent opportunity for first-time buyers or families looking to secure a home in a family-friendly location close to schooling, transport links and coastal amenities, with the added benefit of being offered below market value.
Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.
Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
Brochures
Legal DocumentsOnline Bidding- 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.
- Ask agent
- 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.
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- 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
22 Magdalene Medway, Edinburgh, Midlothian, EH15 3DL
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About Town & Country Property Auctions, Chester
33 Lower Bridge Street Chester CH1 1RS
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Visit our security centre to find out moreDisclaimer - Property reference 328575. 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 Town & Country Property Auctions, Chester. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Town & Country Property Auctions, Chester on 08002 922275.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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