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2 bedroom ground floor flat for sale
6, West Maitland Street, West End, Edinburgh EH12
£193,000
6, West Maitland Street, West End, Edinburgh EH12
£193,000
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 £1,600pm giving an income £19,200pa providing an EXCELLENT YIELD OF 10% annually if achieved for Guide Price (refurbished)
- * *RARELY AVAILABLE INVESTMENT 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 2-bedroom garden flat in Edinburgh's West End is being sold at a guide price of £40,000 below its Home Report value of £240,000. The property, located in a 4-storey Victorian tenement building, requires upgrading but offers potential for capital growth and a high yield. With a private rear garden and a central location, it could be suitable for a variety of uses, including residential or non-residential commercial purposes. The property benefits from gas central heating, traditional glazing, and a generous private garden, which is a rare feature for a city centre flat. With realistic rental yields of up to £1,600 per month, this could be an excellent investment opportunity for developers, builders, or those looking for a high-yielding let property. The property is being sold freehold and will be auctioned online on November 28, 2024.