Features
- Buy-to-let Investment
- Tenanted & Fully Compliant
- 3 bedrooms
- Current Rental £900pm
- Home Report £130K
- Current Yield 8.3%
- 73 sq m
- EPC Rating: C
- Unfurnished Let
- No Buyer Fees
Description
Tenanted 3 bed buy-to-let investment property in the Muirhouse area of Edinburgh. This first floor property comprises an entrance hallway, spacious lounge, fully fitted kitchen, 3 bedrooms, and bathroom The property benefits from double glazing, gas central heating, and is fully compliant for the rental market.
The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant and the tenant has been resident since 2010 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £10,800 representing an immediate yield of 8.3%. There is scope to increase rental for a future tenancy and secure a yield of +10%. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £130K. Common block of flats factored by Manor Estates Housing Association for £25 per month.
Muirhouse is located north of Edinburgh city centre and borders the areas of Granton and Davidsons Mains. An excellent local bus service operates to all areas of the city and there is easy access to the main commuting routes including the M8, M9, Forth Road Bridge, and the Airport.