Features
- Buy-to-let Investment
- Tenanted & fully compliant
- 2 bedrooms
- Home Report £155K
- £30,000 discount!
- Current rental £750pm
- Current yield 6.4%
- EPC Rating C
- Unfurnished let
Description
This top floor flat, set within a well-established residential block of six properties, offers a solid buy-to-let investment opportunity with a proven long-term tenancy in place. Built circa 1960, the property extends to approximately 60 sq m and comprises an entrance hall, spacious living room, kitchen, two bedrooms, and a bathroom. The property benefits from uPVC double-glazed windows and a gas-fired central heating system, contributing to an EPC Rating of Band C. Externally, the property enjoys private garden ground to the rear, along with additional communal garden space, enhancing its appeal to tenants.
The property is being sold with the tenants in situ, with the current tenant having been in residence since 2016, demonstrating exceptional rental stability. The property is let unfurnished and currently generates £750 per calendar month, providing consistent income from day one.
Magdalene lies to the east of Edinburgh city centre and continues to attract tenant demand due to its affordability and accessibility. The area benefits from good local amenities, schooling, and convenient transport links, including regular bus services and easy access to the A1 and Edinburgh City Bypass. Nearby coastal areas such as Portobello, along with retail and leisure options at Fort Kinnaird, further enhance the area’s appeal. With more accessible price points compared to central Edinburgh and ongoing demand from working tenants and families, east Edinburgh locations like Magdalene offer investors a compelling balance of steady rental income, low void risk, and long-term growth potential.