Marchmont, Edinburgh

Marchmont, Edinburgh

** SOLD**
FIXED PRICE – £300,000
  • £285,000 Valuation
  • Fully managed investment
  • £124,000 Cash required to invest if mortgaged (incl taxes, deposit, legals & refurb*)
  • £9,300 Annual Net Rental Return if mortgaged
  • 7.5% Annual Net Rental Return if mortgaged
OR
  • £323,000 Cash required to invest if cash purchase (incl taxes, deposit, legals & refurb*)
  • £15,300 Annual Net Rental Return if cash purchase
  • 4.7% Annual Net Rental Return if cash purchase
*Does not include sourcing & project management fee

Description

A traditional second floor three bedroom, fully HMO Licensed property in the heart of Marchmont just 100m from the Meadows and within a few minutes’ walk to Edinburgh University and George Square.  This property has been continually managed by Cullen Property for over ten years without any voids and has seen steady rental and capital growth.

It has benefitted recently from a new kitchen and bathroom and the increasing demand for this type of property looks set to continue and it is expected to perform very well as an investment opportunity.

Comprises of a large living room to the front, three double bedrooms to the rear, internal kitchen, and internal bathroom.

Internal floor space 87m2    (£3,450 per mAt fixed price)

Refurbishment Details

None required, although the property has potential to create and additional shower room in the box-room between the living room and the kitchen at some point in the future.  This has not been allowed for in the financial appraisals.

Rent from Sept 2018 expected to be £1,650 per month.

Detailed Investor Financial Information

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