Features
- Buy-to-let Investment
- Tenanted & Fully HMO Compliant
- 4 Bedrooms
- Home Report £420,000
- Current rental £2800pm
- Current Yield 8.2%
- 127 sq m
- EPC Rating: E
- Furnished Let
- No Buyer Fees
Description
Tenanted 4 bed HMO investment property in the Marchmont area of Edinburgh. This top floor property is within a a short walk of The Meadows, Edinburgh University, Old Town, and Princes Street. The property is located within a traditional tenement with the accommodation comprising a hall, spacious open plan kitchen/living room, 3 double bedrooms, 1 single bedroom, study, and main bathroom. The property benefits from a popular location and gas central heating.
The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully HMO compliant and the tenant has been resident since June 2024 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £33,600 representing an immediate yield of 8.2%.The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £420K.
Marchmont is a popular residential area of Edinburgh that lies roughly one mile to the south of the Old Town, separated from it by The Meadows and Bruntsfield Links. The area is popular with professionals and students due to its proximity of Edinburgh University.