2 bedroom semi-detached house for sale
Key information
Property description & features
- Tenure: Freehold
- Immediate rental income from tenant in situ
- Rental yield of 9.75% at Guide Price
- Potential to increase rental in line with legislation
- Attractive discount of 18% against £165,000 Home Report
Enjoy rental income from day one with this tenanted two bedroom semi-detached property in the popular Little France area, approximately 3.5 miles south of Edinburgh city centre. The accommodation extends over two levels and comprises lounge, kitchen and conservatory on the entry level, with the upper floor offering two bedrooms and bathroom. Features include double glazing, electric heating, off-street parking and rear garden. The current tenancy offers immediate rental income of £1100 pcm which equates to a gross rental yield of more than 9.75% at Guide Price, with the opportunity to increase rent in line with current legislation. Additionally, the listed Guide Price offers an attractive 18% discount against £165,000 Home Report valuation. An ideal addition to a rental portfolio, this property is expected to generate significant interest, so act quickly to secure this excellent investment opportunity. Council Tax Band: B.
Comparables:
24 Upper Criagour Way: Sol for £171,000 05/24
13 Upper Criagour Way: Sold for £190,000 05/24
118 Craigour Drive: Sold for £185,000 02/23
Craigour Drive is within the popular Little France area to the south of the city centre. Local retail options are nearby, with both Cameron Toll Shopping Centre and Fort Kinnaird Retail Park within a short drive. Schools of all levels are in the area and the property is well located for Edinburgh University, and Edinburgh Royal Infirmary is within walking distance. Excellent public transport links serve the area, and recreational facilities include walks around Craigmillar Castle and the surrounding grounds and Ellens Glen.
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Broadband availability and predicted speed: obtained from Ofcom on February 15, 2024
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Energy Performance data and Internal floor area
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