This property is no longer on the market
2 bedroom flat
Key information
Property description & features
- Tenure: Freehold
- Prime Property Auctions is excited to present a large, tenanted 2 Bedroom flat in popular area within Leith, Edinburgh.
- * 12 Flat 15, The Ironworks, Pilrig Heights, Edinburgh, EH6 5BB sold for £207,500 in August 2019, 39 Spey Terrace, Edinburgh, EH7 4PU sold for £198,587 in November 2019 *
- Property could potentially achieve between £1,300 - £1,400 a month in rent, providing an exceptional investment opportunity for a shrewd investor, providing an annual gross yield of £15,600 - £16
- Sure to appeal to a shrewd investor looking for an exceptional turnkey opportunity that has the potential to achieve a gross yield of 10.4% - 11.2%, based on a guide price of £150,000.
- Property is currently tenanted at £1200 per calendar month providing an annual gross return of £14,400.
- Prime Property Auctions is excited to present a large, tenanted 2 Bedroom flat in popular area within Leith, Edinburgh.
- * 12 Flat 15, The Ironworks, Pilrig Heights, Edinburgh, EH6 5BB sold for £207,500 in August 2019, 39 Spey Terrace, Edinburgh, EH7 4PU sold for £198,587 in November 2019 *
- Property could potentially achieve between £1,300 - £1,400 a month in rent, providing an exceptional investment opportunity for a shrewd investor, providing an annual gross yield of £15,600 - £16,800.
- Sure to appeal to a shrewd investor looking for an exceptional turnkey opportunity that has the potential to achieve a gross yield of 10.4% - 11.2%, based on a guide price of £150,000.
- Property is currently tenanted at £1200 per calendar month providing an annual gross return of £14,400.
Prime Property Auctions is excited to present a large, tenanted 2 Bedroom flat in popular area within Leith, Edinburgh.
Property comprises a large 2 Bedroom flat with an entrance hallway, Kitchen/ Livingroom and a bathroom. The spacious accommodation allows for fantastic socialising space with the large living room, coupled with a kitchen. Completing the accommodation is 2 large bedrooms, and a well-equipped bathroom.
Fantastic investment opportunity. Well laid out property set in a popular buy to let location. Potential yield of 10.4% - 11.2% if achieved for guide price of £150,000.
Property could achieve between £1,300 and £1,400/month in rent, providing an exceptional investment opportunity for a shrewd investor, generating an annual gross return of £15,600 - £16,800.
Property is currently tenanted at £1200 per calendar month providing an annual gross return of £14,400.
Sure to appeal to a shrewd investor looking for an exceptional turnkey opportunity that has the potential to achieve a yield of 10.2%, Based on a guide price of £165,000.
The property is offered at a DISCOUNT to ensure a fast sale at auction. There is fantastic sales evidence with similar properties selling for much higher: Great Opportunity for capital growth.
* 12 Flat 15, The Ironworks, Pilrig Heights, Edinburgh, EH6 5BB sold for £207,500 in August 2019, 39 Spey Terrace, Edinburgh, EH7 4PU sold for £198,587 in November 2019 *
Property is due to go to auction for our upcoming timed online event. Be sure to register to not miss out. Should you wish to make an immediate offer you can do so. Please contact the team to discuss how to make an offer today.
Location:
Nestled amidst the rugged beauty of Scotland, Edinburgh stands as a city of captivating contrasts, where history seamlessly intertwines with modernity. This enchanting capital city is a tapestry of architectural splendour, lush landscapes, and a vibrant cultural scene that beckons visitors from all corners of the globe.
Edinburgh's iconic skyline is dominated by the grandeur of its historic fortress, Edinburgh Castle, perched majestically atop an ancient volcanic rock known as Castle Rock. This medieval stronghold not only offers panoramic vistas of the city but also serves as a reminder of the city's rich and often tumultuous past.
Wandering through the city's cobbled streets, you'll find yourself in the midst of an architectural journey spanning centuries. The Royal Mile, a historic thoroughfare that connects the castle with the Palace of Holyrood house, is lined with centuries-old stone buildings. It's a bustling hub of activity, featuring quaint shops, cosy pubs, and street performers that add a touch of whimsy to the scene.
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*DISCLAIMER
Property reference 18162. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions - Glasgow.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on April 4, 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
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on April 4, 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: obtained on August 11, 2023 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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