This property is no longer on the market
2 bedroom flat
Key information
Property description & features
- Status: Available
- Type: Flat
- Ownership: Freehold
- Occupation: Vacant
- AUCTION DATE: 29 February 2024
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)
PRIME INVESTMENT OPPORTUNITY highly desirable Edinburgh New Town Two bedroom flat. Requires some refurbishment to be completed * RICS QUALIFIED HOME REPORT VALUE £480,000 * located in Dundas Street EXCELLENT CAPITAL GROWTH POTENTIAL. PROPERTY COMPRISES:- Entrance hall, living room, kitchen diner, two double bedrooms, bathroom and dressing room. This 3rd floor property has access to a basement storage area below street level. Property description & features A historic 3rd/top-floor flat, part of a B-listed Georgian Building in the New Town conservation area. Views over Edinburgh's iconic skyline. An exciting restoration project almost completed by the current vendor. Bright hall with storage & a skylight. Living room with Firth of Forth views. Well-proportioned dining kitchen. 2 airy double bedrooms. Versatile box room/home office. Naturally-lit bathroom. Access to the Queen Street Gardens (subject to an annual fee) & controlled permit parking (Zone 5A). Typical of Georgian architecture, it has high ceilings and large rooms lit by 12-pane sash-and-case windows, framing impressive views over Edinburgh's iconic skyline. Residents have access to controlled permit parking, and, for an annual fee, can enjoy the renowned Queen Street Gardens, where peace can be found even amongst the bustle of the city. Requires decoration, and fixtures and fittings. Initial work has already been undertaken, with new floorboards and structural work on the floor, some new six-panel wooden doors and skirtings fitted, the majority of walls freshly plastered, first fix electrics installation, and new plumbing laid for radiators. EXCELLENT SALES EVIDENCE:- 14, Dundas Street, sold for £551,200 Feb 2022; 10, Dundas Street, £895,000 Oct 2016; 80/1, Great King Street, £630,000 Nov 2023; 16 Flat 1, Abercromby Place, £649,000 Nov 2023. * HIGH YIELDING INVESTMENT OPPORTUNITY* Realistic Rent in this area up to £2200pcm, giving an income of £26400pa which would provide an EXCELLENT YIELD OF 6.1% per year if achieved for Guide Price. RARELY AVAILABLE LOT Completed value estimated UP TO £550,000. Majority of the work has been completed by the vendor. SUIT SHREWD DEVELOPER OR BUILDER. Highly sought after Edinburgh's New Town. Listed building consents and building warrants have all been granted for this property.
Auction Details
29 February 2024, 3pm
Deadline for Offers
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Broadband availability and predicted speed: obtained from Ofcom on March 31, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on March 31, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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