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3 bedroom apartment for sale

Cumberland Street N.W. Lane, Edinburgh, Midlothian

Sold STC £385,000

Property Description

Full description

A wonderful, three bedroom, ‘A’ listed apartment situated in the sought after ‘New Town’ conservation area in Central Edinburgh. The property offers well appointed & spacious accommodation, is finished to a high standard throughout and is a short walk from the shops of Princes Street and Waverley Train Station.

Accommodation

Lower Ground Floor:
Entrance hallway, living room, dining kitchen, two double bedrooms, single bedroom / study, bathroom, wc.

EPC: D

Viewing by appointment only

BUY TO LET INVESTMENT OPPORTUNITY
The property presents a great opportunity for the ‘buy to let’ investor for short assured rentals or holiday rentals:

Short assured rentals. (min 6 months)
Desktop rental value of *£1600 to £1650 per calendar month providing a gross yield of *4.95%.

*Desktop rental values provided by Rettie and Co. lettings department – September 2017. Gross yield figures calculated on the higher rental figure against the Home Report value. Rental figures shall vary based on the time of year and specification if internal furnishings.

Holiday rentals:
Festival (August) £3250 - £3500

September to July £2200 to £2500 per month
**Gross Yield of 5.0%

**Gross yield calculated on August at 100% occupancy and a conservative 60% occupancy across the rest of the year.

*Desktop rental values provided by Rettie and Co. lettings department – September 2017. Gross yield figures calculated on the higher rental figure against the Home Report value. Rental figures shall vary based on the time of year and specification if internal furnishings.





More information from this agent

Listing History

Added on Rightmove:
20 June 2017

Map & Street View

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