Garden Flat, 6, West Maitland Street, West End, Edinburgh, EH125DS
- PROPERTY TYPE
Ground Flat
- BEDROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- ***FABULOUS INVESTMENT AUCTION PROPERTY GUIDE PRICE SET £40000 BELOW HOME REPORT VALUE OF £240,000***2 bed garden flat in sought after Edinburgh West End. Requires upgrading. Potential Capital Growt
- Garden level flat in a 4 storey Victorian tenement building: - Sitting room, Bedroom, Bedroom (off sitting room), Kitchen, Bathroom with WC facility, Hallway. Benefits from GCH and large garden.
- **HIGH YIELDING INVESTMENT OPPORTUNITY** Realistic Rent in this area up to £1500pm giving an income £18000pa providing an EXCELLENT YIELD OF OVER 10% annually if achieved for Guide Price (refurbishe
- SALES EVIDENCE: 1/1 West Maitland St, Edinburgh sold for £395,000 Apr 2024; 11/2 West Maitland St, Edinburgh, sold for £345000 Apr 2022; 9/2 West Maitland St, Edinburgh 2 bed sold for £384000 Feb 2
- ***RARELY AVAILABLE DEVELOPMENT OPPORTUNITY*** Requires upgrading. Ideal investment for developer/builder. Fantastic Capital Growth Potential or as a let property high demand rental locale. FREEHOLD.
Description
** SALE BY AUCTION - 11 July 2024 - Timed Online Auction **
***FABULOUS INVESTMENT AUCTION PROPERTY GUIDE PRICE SET £40000 BELOW HOME REPORT VALUE OF £240,000***2 bed garden flat in sought after Edinburgh West End. Requires upgrading. Potential Capital Growth. Garden level 2 bedroom flat in a 4 storey Victorian tenement building: - Sitting room, Bedroom, Bedroom (off sitting room), Kitchen, Bathroom with WC facility, Hallway. Benefits from GCH, substantial, private garden providing a private entrance to the property. The property could provide excellent development potential (subject to investigating and gaining necessary consents). EPC Rating C. The property has a central location and can be entered from West Maitland Street which is a busy commercial thoroughfare which could be an asset if the property was to be utilised for non residential commercial use such as therapists / professionals. Entering the building from the front, there is communal hallway that also serves the upper flats. There is gas central heating and traditional glazing. Notably for a city centre flat, there is a generously sized private garden (now overgrown), accessible via steps from the patio area outside the living room. The property offers potential to create a uniquely appealing environment and is likely to draw a wide audience, including investors and developers. **HIGH YIELDING INVESTMENT OPPORTUNITY** Realistic Rent in this area up to £1500pcm giving an income £18000 per year providing an EXCELLENT YIELD OF OVER 10% annually if achieved for Guide Price (after refurbished) ***RARELY AVAILABLE DEVELOPMENT OPPORTUNITY*** Requires upgrading. Ideal investment for developer/builder. Fantastic Capital Growth Potential or as a let property high demand rental locale. FREEHOLD. 1/1, West Maitland St, Edinburgh sold for £395,000 Apr 2024; 11/2, West Maitland St, Edinburgh, sold for £345,000 Apr 2022; 9/2, West Maitland St, Edinburgh 2 bed sold for £384,000 Feb 2018
Very conveniently situated in Edinburghâ??s West End, two minutes walk from Haymarket train station. Princes Street is only a few minutes walk away, with trams and numerous buses providing links along West Maitland Street into and out of the city centre. This thriving location offers a multitude of shops, restaurants, bars and services within a momentâ??s walk and continues to see substantial redevelopment. Edinburgh attracts an abundance of visitors all year round due to its culture, beauty and business hubs, particularly during The Edinburgh Festival and throughout the summer months. Historically property such as this have performed extremely well as a renal style (Air BnB) due to the proximity of amenities and tourist attractions within the area. Very high demand property which may be suited to residential investor looking for a high yield and return investment.
Auction Details
11 July 2024, 10am-3pm
Timed Online Auction
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Garden Flat, 6, West Maitland Street, West End, Edinburgh, EH125DS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Haymarket Station0.1 miles
- Edinburgh Waverley Station1.1 miles
- Slateford Station1.8 miles
About the agent
Future Property Auctions, Glasgow
241 Kilmarnock Road Glasgow G41 3JF
We are one of Scotland's LARGEST dedicated residential and commercial Property Auctioneer with a growing UK wide presence. Our regular programme of large scale property auctions feature lots from throughout Scotland and the wider UK as well as regular properties available for purchase by Private Treaty and Tender.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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