2 bedroom ground floor flat for sale

*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

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

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