Features
- Buy-to-let Investment
- Tenanted and Fully HMO Compliant
- 4 Bedrooms
- Home Report £260,000
- Current Annual Rental £24,329.88
- Current Yield 9.4%
- 77 sq m
- EPC Rating: D
- Furnished Let
- No Buyer Fees
Description
Tenanted 4 bedroom HMO compliant property on Easter Road, Edinburgh. This third floor property comprises an entrance hall, living room, fully fitted kitchen, 3 double bedrooms, 1 single bedroom, main bathroom with electric shower and separate shower room. The property benefits from double glazing, electric heating, well kept communal areas and private parking. The communal areas are factored by James Gibb.
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 2021 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £24,329.88 - Room 1 £490.28, Room 2 £525.00, Room 3 £575.00 Room 4 £437.21. Rentals for re-marketing the property would be £475-£575 a room. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £260K.
The property is located only a short walk from Leith Walk and The Shore, so benefits from having first-class restaurants, shops, bars, and Leith Links all within easy reach. In addition, the property is well served by tram and the local bus service.