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6, West Maitland Street, West End... 2 bed ground floor flat for sale
6, West Maitland Street, West End, Edinburgh EH12
£188,000
6, West Maitland Street, West End, Edinburgh EH12
£188,000
Our Summary
- *FABULOUS INVESTMENT AUCTION PROPERTY GUIDE PRICE SET £40000 BELOW HOME REPORT VALUE OF £240,000*2 bed garden flat in sought after Edinburgh West End
- Requires upgrading
- The property could provide excellent development potential (subject to investigating and gaining necessary consents)
- The property offers potential to create a uniquely appealing environment and is likely to draw a wide audience, including investors and developers
- *HIGH YIELDING INVESTMENT OPPORTUNITY* Realistic Rent in this area up to £1500pcm giving an income £18000 per year providing an EXCELLENT YIELD OF OVER 10% annually if achieved for Guide Price (after refurbished) *RARELY AVAILABLE DEVELOPMENT OPPORTUNITY* Requires upgrading
- Ideal investment for developer/builder
- 1/1, West Maitland St, Edinburgh sold for £395,000 Apr 2024; 11/2, West Maitland St, Edinburgh, sold for £345,000 Apr 2022; 9/2, West Maitland St, Edinburgh 2 bed sold for £384,000 Feb 2018 Auction Details28 November 2024, 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
Description
This is a rare investment opportunity to purchase a 2-bedroom garden flat in the sought-after Edinburgh West End for a guide price of £40,000 below its Home Report value of £240,000. The property requires upgrading and has potential for capital growth, with a central location and private rear garden. It could be suitable for a developer or builder, or as a let property in a high-demand rental area. The flat has a sitting room, two bedrooms, kitchen, bathroom, and hallway, with gas central heating and traditional glazing. The private garden is accessible via steps from the patio area outside the living room and offers potential to create a uniquely appealing environment. With a realistic rent of up to £1500pcm, this property provides an excellent yield of over 10% annually if achieved for the guide price after refurbishment.