Features
- Buy-to-let Investment
- Tenanted & fully compliant
- 2 bedrooms
- Home Report £160K
- £15K discount
- Current rental £875pm
- Current Yield 7.2%
- EPC Rating C
- Furnished let
- 63 sq m
Description
An excellent opportunity to acquire a well-proportioned tenanted 2-bedroom upper flat with its own main door access, located on Pilton Drive, to the west of Edinburgh city centre. Built circa 1935, this property is ideally suited as a buy-to-let investment, with long-term tenants in situ since 2015. The internal accommodation comprises a main door entrance, a landing, a bright living room, a kitchen, two bedrooms, and a bathroom. Externally, the property benefits from: gas central heating, double glazing, private garden, and off-street parking.
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 2015, providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £10,500, representing an immediate yield of 7.2%. The market rental is £1200pm. The Home Report value is £160K.
Pilton Drive is located within a well-established residential area to the west of the city, offering excellent transport links, access to schools, local amenities, and green spaces. The location continues to see strong tenant demand, particularly for affordable and well-connected accommodation close to Edinburgh's city centre.