Viewing strictly by appointment and please note that this property can only be purchased as a rental investment, with tenant/s remaining in situ. Book your appointment now via Ballantynes 0131 459 2222

Features:
• Excellent buy-to-let investment opportunity offering the successful purchaser in excess of 6% gross yield in a much sought after location
• HMO licence in place for 3 individuals
• Traditional double upper found to be in very good condition throughout with main door access
• Spacious open plan living / dining room and modern kitchen
• Master double bedroom with en-suite bathroom
• Two generously sized double bedrooms with built in wardrobes
• Main level shower room
• A mixture of sash & case and velux windows along with the gas central heating

Gated vennel leads through to the front door into the entrance hallway which has understairs storage. Main landing granting access to all rooms on this level including a spacious living room with ample space for dining and open plan to the modern kitchen. There is a large island which separates the two areas which provides breakfasting space and houses the built in hob with extractor hood overhead. The kitchen has a selection of wall & base units with a selection of goods within the base units along with ample work surface. Two generous double bedrooms, both with built in wardrobes and finishing this level is a modern fitted shower room

The upper landing leads through to the master double bedroom of the property which has it’s own en-suite bathroom with toilet, sink basin, bath with shower over.

The property has sash & case windows on the main level and velux windows on the upper level. It is also complimented by the gas central heating.

This property is being sold as a rental investment and has tenants in situ currently paying £2,500pcm (£30,000pa) which offers a gross yield of 6.3%.

Rental Information:
Newington always has strong demand from the rental market due to the proximity to the University of Edinburgh, which attracts a steady stream of students and academics seeking accommodations.

For those working / studying further afield, there are excellent public transport connections to the City Centre and beyond.
Strong potential for capital growth with Newington showing consistent property value appreciation over the years.

Area:
Newington is a vibrant and diverse neighbourhood located to the southeast of Edinburgh's City Centre. Known for its blend of residential areas, green spaces, and educational institutions, it offers a unique mix of urban living and community feel.
One of the most notable features of Newington is its proximity to the University of Edinburgh, making it a popular area for students and academics. The presence of the university contributes to a lively atmosphere, with plenty of cafes, bars, and shops catering to a younger crowd.

The area is also home to several parks, including the picturesque Meadows, which is a great spot for picnics, sports, and leisurely walks. Additionally, the neighbourhood has a variety of architectural styles, from traditional Victorian tenements to modern developments.

Culturally, Newington boasts a range of galleries, theatres, and local events, reflecting Edinburgh’s rich artistic scene. Overall, it’s a charming part of the city with a strong sense of community and plenty of amenities to enjoy.

EPC Rating: D
Council Tax Band: E

Council Tax Band: E
Tenure: Freehold