Features
- Buy-to-let Investment
- Tenanted & Fully Compliant
- 2 Bedrooms
- Home Report £180K
- £17K Discount
- Current Rental £775pm
- Current Yield 5.7%
- Unfurnished Let
- EPC Rating: C
- 62 sq m
Description
Tenanted 2 bed property investment in the Silverknowes area of Edinburgh. This buy-to-let is located on the top floor of a 3 storey development and the accommodation comprises an entrance hall, living room, kitchen, two bedrooms, and bathroom. The property is available £17K below the Home Report value and also benefits from gas central heating, double glazing, well kept communal garden, 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 2011 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £9,300 representing an immediate yield of 5.7%. There is scope to increase the rental for a future tenancy. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £180K. The factoring charge is approximately £75 per month.
Silverknowes is an area of Edinburgh that lies 4 miles northwest of the city centre. Davidsons Mains is only short walk and has a host of shops and places to eat. The area has easy access to public transport services to all parts of the city as well as being a short drive to the city by-pass, M8 & M9.