Southhouse Square, Edinburgh, Edinburgh, EH17
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
764 sq ft
71 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
- Private Rear Garden
- Newly Fitted Kitchen
- Ample Storage Space
- Thermostatic Shower Over the Bath
- Shared Communal Drying Green
- Investment opportunity
- Gas Central Heating
- Double Glazing Throughout
Description
Excellent Buy-to-Let Investment Opportunity – Tenant in Situ – £995 PCM Rental Income
Lowrie Property is delighted to present this attractive two-bedroom ground-floor flat, situated within an established residential area to the south of Edinburgh city centre.
Offered for sale with a tenant in situ, the property currently generates £995 per calendar month, equating to an annual rental income of £11,940. This presents an excellent opportunity for buy-to-let investors looking to expand their property portfolio with an existing rental income.
Property Description
The accommodation is conveniently arranged across one level and extends to approximately 70 sq. metres (753 sq. ft.).
Upon entering the property, a welcoming hallway provides access to the main living accommodation. The living room offers a comfortable space for relaxation, with a separate kitchen area fitted with a range of modern wall and base units, providing practical storage and worktop space.
The property further benefits from two bedrooms and a bathroom fitted with a modern three-piece suite.
Additional features include gas central heating, UPVC double-glazed windows and a secure communal entrance with an entry phone system.
Externally, the property benefits from a private garden area to the rear, together with communal garden grounds to the front.
Location
Southhouse Square is situated within an established residential neighbourhood to the south of Edinburgh city centre.
The location benefits from access to local shops, everyday amenities and services, with wider shopping, leisure and employment opportunities available throughout Edinburgh.
The property's location and practical two-bedroom accommodation make it an appealing proposition for residential letting.
Investment Opportunity
With an existing tenant in place and a current rental income of £995 per month, this property offers investors the opportunity to acquire an established buy-to-let investment.
Rental Information
Current Monthly Rent: £995
Annual Rental Income: £11,940
Tenancy: Tenant in situ
Home Report Valuation: £160,000
Gross Rental Yield at Home Report Valuation: Approximately 7.46%
The gross yield is calculated using the Home Report valuation and is before management fees, maintenance, insurance, taxation and other associated costs.
Key Features
Two-bedroom ground-floor flat
Ideal buy-to-let investment
Tenant in situ
Generating £995 PCM / £11,940 annually
Approximately 70 sq. metres
Gas central heating
UPVC double glazing
Secure communal entry system
Private rear garden area
Communal front garden
Established Edinburgh residential location
EPC rating: C. Tenure: Freehold,
- 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.
- Band: A
- 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.
- Private garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ground floor
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Notes
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Visit our security centre to find out moreDisclaimer - Property reference P651. 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 Lowrie Property, Hawick. 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.
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