This property is no longer on the market
2 bedroom flat
Key information
Property description & features
- Tenure: Freehold
- Large 2 Bedroom Masionette flat located in popular area within the Scottish borders. * HOME REPORT VALUATION £150,000 *
- * 19, Waverley Road, Innerleithen, Peeblesshire EH44 6QW, previously sold for £155,000 August 2023, 6a, Miller Street, Innerleithen, Peeblesshire EH44 6QS, previously sold for £185,000 July 2023 *
- Excellent investment Opportunity. Large Discount to ensure Auction sale. Guide price £105,000 with Home report at £150,000.
- Property is sure to appeal to buy to let landlords and Serviced accommodation operators. For BTL purposes it would achieve £750 - £800 pcm.
- Property benefits from local amenities close by, and large room sizes. Property would benefit from refurbishment to enhance value.
Large 2 Bedroom Maisonette flat located in popular area within the Scottish borders. * HOME REPORT VALUATION £150,000 * Property comprises: Large Living room, Kitchen,, utility room. 2 double bedrooms and bathroom.
Property is massively discounted from home report valuation. Guide price of £105,000 with a Home report of £150,000. Sure to appeal to shrewd investor looking for a fantastic opportunity to acquire a MASSIVELY DISCOUNTED located in a popular location. Seller is Open to offers.
Excellent investment Opportunity. Large Discount to ensure Auction sale. Guide price £105,000 with Home report at £150,000. Great sales evidence in the area:
* 19, Waverley Road, Innerleithen, Peeblesshire EH44 6QW, previously sold for £155,000 August 2023, 6a, Miller Street, Innerleithen, Peeblesshire EH44 6QS, previously sold for £185,000 July 2023 *
Property is sure to appeal to buy to let landlords and Serviced accommodation operators. For BTL purposes it would achieve £750 - £800 pcm, which would generate an annual income of £9,000 - £9,600. This would generate a gross yield of 8.6% - 9.1% if achieved for Guide of £105,000. EPC RATING D.
Should you use as a serviced accommodation then the expected nightly rate of £75 - £100. This would generate a gross monthly revenue of £1,687.50 - £2,250 based on a 75% occupancy rate. This would generate a gross yield of 19% - 21% if achieved for Guide of £105,000.
Excellent BRRR Opportunity. Sure to appeal to investors looking for an easy lettable flat in a sought after location with great potential for Capital Growth. The local areas seen some great sales recently showing that there is strong demand.
Property has a Guide price of £105,000 and is sure to appeal to investors looking for a property that they can put their own stamp on.
Potentially high yielding investment property.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
Innerleithen, ying close to the banks of the River Tweed and nestled amongst rolling hills, the former mill and spa town of Innerleithen enjoys an idyllic Scottish Borders setting. The town is served by a local supermarket, a library, a health centre, a bank, a pharmacy, a post office and several independent shops including bakeries and a butcher. A selection of eateries is also on offer, whilst further amenities can be found a short drive away in the charming market town of Peebles. The town's scenic surroundings provide endless opportunities for outdoor pursuits such as fishing, walking, and cycling, while nearby Glentress Forest Park boasts a treetop adventure course. Innerleithen also hosts its own park and a local history museum at St Ronan's Wells. Primary and nursery schooling is provided locally, followed by secondary education in Peebles. Commuting to the capital takes approximately an hour by road, whilst Galashiels - located 20 minutes' drive from Innerleithen - provides fast and frequent rail connections as part of the recently re-opened Borders Railway.
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Property reference 204846264. 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.
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Broadband availability and predicted speed: obtained from Ofcom on March 3, 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 3, 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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