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1 bedroom flat for sale
6A (2F3) Picardy Place, New Town, Edinburgh, EH1
£125,000
6A (2F3) Picardy Place, New Town, Edinburgh, EH1
£125,000
Our Summary
- ** CASH BUYERS ONLY**The property is an ideal investment proposition and last achieved £800 PCM on the long-term rental market
Description
This is a unique and rarely available second-floor studio apartment in a traditional tenement in Edinburgh's New Town, offering unrestricted skyline views towards the Firth of Forth. The property is located in the heart of the city, with all amenities on the doorstep, and has previously been let on the long-term rental market for £800 PCM. With electric heating and on-street permit parking available, the property is an ideal investment opportunity with a potential rental income of £825-£850 PCM, providing a circa 8% return. The apartment features a hallway, sitting/dining room/kitchen/bedroom, and a fully tiled shower room, and is being sold as seen, with no warranties or guarantees provided. The New Town is a UNESCO World Heritage Site, characterized by Georgian and neo-classical architecture, cobbled crescents, and beautiful private gardens, offering a unique city lifestyle with easy access to public transport, parks, and cultural attractions.