Pitt Street, Flat 4, Edinburgh EH6 1 bed flat for sale

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Pitt Street, Flat 4, Edinburgh EH6 1 bed flat for sale

Pitt Street, Flat 4, Edinburgh EH6
£104,000

Our Summary

  • HIGH YIELD INVESTMENT OPPORTUNITY
  • * REDUCED FOR QUICK AUCTION SALE * HIGH YIELDING INVESTMENT OPPORTUNITY- Realistic rent in this area of up-to £1050pcm giving an annual income of £12,300 and offering a superb yield of 11% if achieved for guide price
  • 25m (17'7Auction Details01 May 2025, 10am-3pm Timed Online AuctionHow to Bid Now Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY
  • Future Property Auctions - Scotland's Largest Land and Property Auction House
  • AUCTION DATE: 01 May 2025

Description

This is a fantastic investment opportunity in the popular Bonnington area of Edinburgh. The property is a first-floor, one-bedroom flat that is being sold at a reduced price for a quick auction sale. The flat is in excellent walk-in condition and would make an excellent buy-to-let investment. With a realistic rent of up to £1,050 per month, the annual income would be £12,300, offering a superb yield of 11% if achieved for the guide price. The property features an open-plan lounge/kitchen, double bedroom, shower room, and separate WC, as well as a shared rear garden area and double glazing. The area has excellent local sales evidence, with nearby properties selling for £190,000 to £206,000. The property is being sold with a reduced buyers' fee of 1.5% of the sale price (minimum £1,500 + VAT) and a lower deposit of 5% of the sale price. The auction is scheduled for May 1st, 2025, and interested bidders can submit an enquiry now or visit the website for full details on how to bid.