Viewings available now with Ballantynes. Call today to arrange your visit 0131 459 2222

Features:
• Appealing three-bedroom third floor flat set in a traditional late Victorian tenement
• Located in the highly desirable Marchmont district of Edinburgh and on the doorstep of the Meadows
• In pristine condition, it will make a comfortable, ready to move into family home or a very viable investment property
• Hall provides access to all rooms while also providing excellent storage space
• West facing, bay windowed living room with spectacular views of Edinburgh Castle
• Recently installed kitchen
• Three comfortable double bedrooms, large enough to fit all the required furniture
• Newly refurbished, naturally lit shower room
• Gas fired central heating
• Communal back garden
• Previously held an HMO Licence In Place (for up to 3-indivduals)
• Previously held a Short Term Let Licence In Place (for summer months)

Buy-To-Let Info:

Long Term: Potential of up to £2,600PCM which offers a return of 7.8% gross yield based on the property valuation.

Short Term: The property achieved approx. £25,000 over June, July & August 2024.

Property Info:

This appealing three-bedroom third floor flat is set in a traditional late Victorian tenement on the corner of Roseneath Place and Warrender Park Road, in the highly desirable and fashionable Marchmont district of Edinburgh and on the doorstep of the Meadows.

In pristine condition, it will make a comfortable, ready to move into family home and has the added benefit of being close to James Gillespie’s Primary and High Schools, or a very viable investment property. The property also has held an HMO licence for up to 3-individuals should the purchaser be looking at the property as an investment opportunity. The owner also had a Short Term Let licence in place for the summer months. Gross yield can range between 6% (long term lets) to 10% (short term lets).

The flat’s front door opens into the hall that provides access to all rooms while also providing excellent storage space in the form of three large cupboards. The west facing, bay windowed living room with spectacular views of Edinburgh Castle is large enough to accommodate both sitting and dining areas. The recently installed kitchen has both floor and wall mounted storage units, work surfaces with matching splashbacks and integrated appliances. A further large walk-in cupboard can be used for multiple purposes.

There are three double bedrooms, all large enough to fit the required furniture and a newly refurbished, naturally lit shower room with three-piece suite and heated towel rail. The flat has gas fired central heating.

There is a communal back garden and parking is permit or metered.

Area:

The flat is situated within the ever-popular Marchmont area of Edinburgh that lies approximately one mile south of Edinburgh’s City Centre.

It has a wide selection of amenities, convenience, and speciality shops, as well as doctors, dentists, and chemists. There is a tempting choice of pubs, cafes, fast food outlets and restaurants. Neighbouring Morningside, Newington and Tollcross provide further and alternative shopping opportunities while also offering cinemas and theatres.

Marchmont is ideally placed for access to both Edinburgh and Napier Universities that are each within approximately a quarter of a mile of the flat and excellent schooling, including James Gillespie’s High School.

The Meadows, Bruntsfield Links, Warrender Swimming Centre are all nearby. Holyrood Park, Arthur’s Seat and Salisbury Crags are located a little further to the east. The soon to be completed Kings Theatre, after its total refurbishment, is a mile away.
The city centre is easily accessible on foot and there are excellent bus services available from Marchmont Road and Melville Drive. The City Bypass is nearby and connects to the motorway network.

Council Tax Band: E
Tenure: Freehold