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2 bedroom apartment for sale

Simpson Loan, Edinburgh, Midlothian

Sold STC £329,000

Property Description

Full description

A well-presented, two bedroom, first floor apartment, forming part of the exclusive Quartermile development lying immediately to the south of Edinburgh’s city centre. Situated in one of the modern blocks, the property has a spacious modern feel and is close to the city centre and local amenities.

Accommodation

Entrance hallway, open plan living / dining room / kitchen, two double bedrooms, bathroom.

Outside Space

Communal stair with lift, communal garden grounds.

EPC: C

Vieiwng 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 *£1650 to £1850 per calendar month providing a gross yield of *6.52%.

*Desktop rental values provided by Rettie and Co. lettings department – June 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) £4500 - £5000

September to July £2200 to £2500 per month
**Gross Yield of 6.32%

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

*Desktop rental values provided by Rettie and Co. lettings department – June 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 of internal furnishings



More information from this agent

Listing History

Added on Rightmove:
21 June 2017

Map & Street View

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