2 bed flat for sale

Garden Flat, 6, West Maitland Street, West End, Edinburgh EH125Ds EH12

** sale by auction - 19 September 2024 - Timed Online Auction **

***fabulous investment auction property guide price set £40000 below home report value of £240,000***2 bed garden flat in sought after Edinburgh West End. Requires upgrading. Potential Capital Growth. Garden level 2 bedroom flat in a 4 storey Victorian tenement building: - Sitting room, Bedroom, Bedroom (off sitting room), Kitchen, Bathroom with WC facility, Hallway. Private rear garden with rear entrance. Benefits from GCH, substantial, private garden providing a private entrance to the property. The property could provide excellent development potential (subject to investigating and gaining necessary consents). EPC Rating C. The property has a central location and can be entered from West Maitland Street which is a busy commercial thoroughfare which could be an asset if the property was to be utilised for non residential commercial use such as therapists / professionals. Entering the building from the front, there is communal hallway that also serves the upper flats. There is gas central heating and traditional glazing. Notably for a city centre flat, there is a generously sized private garden (now overgrown), accessible via steps from the patio area outside the living room. The property offers potential to create a uniquely appealing environment and is likely to draw a wide audience, including investors and developers. **high yielding investment opportunity** Realistic Rent in this area up to £1500pcm giving an income £18000 per year providing an excellent yield of over 10% annually if achieved for Guide Price (after refurbished) ***rarely available development opportunity*** Requires upgrading. Ideal investment for developer/builder. Fantastic Capital Growth Potential or as a let property high demand rental locale. Freehold. 1/1, West Maitland St, Edinburgh sold for £395,000 Apr 2024; 11/2, West Maitland St, Edinburgh, sold for £345,000 Apr 2022; 9/2, West Maitland St, Edinburgh 2 bed sold for £384,000 Feb 2018

Very conveniently situated in Edinburgh’s West End, two minutes walk from Haymarket train station. Princes Street is only a few minutes walk away, with trams and numerous buses providing links along West Maitland Street into and out of the city centre. This thriving location offers a multitude of shops, restaurants, bars and services within a moment’s walk and continues to see substantial redevelopment. Edinburgh attracts an abundance of visitors all year round due to its culture, beauty and business hubs, particularly during The Edinburgh Festival and throughout the summer months. Historically property such as this have performed extremely well as a renal style (Air BnB) due to the proximity of amenities and tourist attractions within the area. Very high demand property which may be suited to residential investor looking for a high yield and return investment.

Auction Details
19 September 2024,10am-3pm
Timed Online Auction

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