A two-bedroom home in the south east of Edinburgh is up for auction, presenting a great opportunity for those looking to expand their property portfolio. The property on Craigour Drive features a private back garden, bathroom, conservatory, kitchen, and spacious living area.
Auction House Scotland describes the property as a tenanted two-bedroom semi-detached home in the popular Little France area, about 3.5 miles south of Edinburgh city center. The accommodation is spread over two levels, with a lounge, kitchen, and conservatory on the entry level, and two bedrooms and a bathroom on the upper floor.
Key features of the property include double glazing, electric heating, off-street parking, and a rear garden. The current tenant pays £1100 per month, providing a gross rental yield of over nine percent at the Guide Price. There is also the opportunity to increase the rent in accordance with current legislation. The Guide Price is offered at a 12 percent discount compared to the £165,000 Home Report valuation.
This property is an excellent addition to a rental portfolio and is expected to attract a lot of interest. Interested parties are encouraged to act quickly to secure this investment opportunity.
For more information on the property, you can click here.
In addition to the features listed, potential buyers may also consider the proximity of the property to amenities such as schools, parks, shopping centers, and public transportation. The vibrant Edinburgh area offers a mix of urban convenience and suburban tranquility, making it an attractive location for families and young professionals alike.
Furthermore, investing in property in Edinburgh can be a smart financial move, as the city has a strong rental market and a growing population. With the potential for rental income and property appreciation, purchasing a home in this area could prove to be a lucrative long-term investment.
Overall, this auction presents a unique opportunity for buyers to acquire a well-maintained property in a desirable location, with the potential for steady rental income and future growth. Don’t miss out on this chance to renovate your family home in the vibrant Edinburgh area.
