Features
- Buy-to-let Investment
- Tenanted & Fully Compliant
- 3 Bedrooms
- 74 sq m
- Home Report £175,000
- Current Yield 9.6%
- Current Rental £1400pm
- EPC Rating D
- Unfurnished Let
- No Buyer Fees
Description
This tenanted buy-to-let investment is located in a well-established residential area of South Queensferry. Forming part of a two-storey block of four properties built in 1930s, this three-bedroom ground floor flat offers comfortable and convenient living. The home spans approximately 74 square metres and features a bright and spacious living room, a well-appointed kitchen, shower room, and 3 bedrooms. The property benefits from having double glazing, gas central heating, and a private garden.
The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant and the long-term tenant has been resident since August 2023 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £16,800 representing an immediate yield of 9.6%. The property is let unfurnished and is sold as seen. The Home Report value is £175K.
South Queensferry, located northwest of Edinburgh, has experienced notable activity in its property market over the last 12 months reflecting in a 2.6% increase in the average property price. The area continues to attract interest from both buyers and investors, thanks to its scenic location along the Firth of Forth and proximity to Edinburgh. This sustained demand is expected to support property values in the foreseeable future.