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3 bed flat
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Our Summary
- Prime Investment Opportunity
- Rental Uplift Potential
- This well-presented, large 2-bedroom flat with an additional box room represents a premier investment opportunity in Haddington, currently offered with a reliable sitting tenant
- For an investor, there is significant scope to increase the property's capital value through targeted refurbishment
- Upgrading the interiors will not only maximize equity but also unlock the potential to increase the rental income to £1,200+ PCM, elevating the asset to a stellar projected market yield of 9
- Caledonia Portfolio Insight We have classified this Haddington property as a Prime Investment Opportunity
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Description
The property is a large 2-bedroom flat with an additional box room, located in Haddington. It has a sitting tenant currently paying £950 per month, and a Home Report valuation of £145,000, with a projected gross yield of 7.8%. The property has significant potential for capital growth and increased rental income, with possible upgrades that could unlock a market yield of 9.9%+.
The flat benefits from a "spacious foundation" with versatile bonus space, and is situated in a highly desirable and rapidly growing market town with excellent local amenities and connectivity for commuters.