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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Vacant
  • Bedrooms: 2
  • Council Tax: Search

**FANTASTIC DEVELOPMENT OPPORTUNITY**Two bedroom cottage flat built circa 1935 close to Edinburgh City centre. Ideal for investor landlord - huge tenant demand locally.

Comprising of entrance hall, lounge, kitchen and two double bedrooms. Internal accommodation requires minor upgrading prior to habitation/rental. Potential rental income at £1200 per calendar month.

RENTAL YIELD at 11% on likely sale price. Further enhanced by a system of gas central heating, UPVC double glazing and gardens enclosed to the rear. IDEAL PROPERTY FOR INVESTOR LANDLORD *EPC RATING D*

Close to Edinburgh city centre with easy access via Ferry Road and Telford Road. The property is located within a highly regarded rental area of the city and would be an ideal purchase for a FTB also.

**COMPARABLE SALES**2 Bedroom ground floor flat 180 Crewe Road North sold £170,000 2023**3 Bed Flat Pilton Place sold £199,001 2022**2 bed flat 34 Crewe Place sold £197,500 2022**

**FANTASTIC DEVELOPMENT OPPORTUNITY**Two bedroom cottage flat built circa 1935 close to Edinburgh City centre. Ideal for investor landlord - huge tenant demand locally with proximity to many businesses and the City centre. Comprising of entrance hall, lounge, kitchen and two double bedrooms. Internal accommodation requires minor upgrading prior to habitation/rental. Potential rental income at £1200 per calendar month. AN AMAZING RENTAL YIELD at 11% on likely sale price. Further enhanced by a system of gas central heating, UPVC double glazing and gardens enclosed to the rear. IDEAL PROPERTY FOR INVESTOR LANDLORD. Close to Edinburgh city centre with easy access via Ferry Road and Telford Road. The property is located within a highly regarded rental area of the city and would be an ideal purchase for a FTB also. Room Sizes - Lounge 15'9" x 10'6"; Kitchen 8'8" x 6'0"; bed 1 16'0" x 11'0"; Bed 2 12'0" x 9'6".**COMPARABLE SALES**2 Bedroom ground floor flat 180 Crewe Road North sold £170,000 2023**3 Bed Flat Pilton Place sold £199,001 2022**2 bed flat 34 Crewe Place sold £197,500 2022**

The property is situated on the North side of the Historic City of Edinburgh in the popular district of West Pilton. Crewe Road North is the main trunk access road to Granton from the City Centre off Ferry Road. Pilton is a charming residential area in the North of Edinburgh. Known for its vibrant community and picturesque streets, it offers a mix of urban living with a touch of suburban tranquility. Pilton is popular among families, partly due to its proximity to some of Edinburgh's best amenities. Crewe Road North is well-served by public transportation, with several bus routes providing easy access to the rest of Edinburgh. The area is also pedestrian-friendly, with wide sidewalks and tree-lined streets. Edinburgh City Centre itself requires no description and is one of the most visited cities in Europe.

Full Address: 162 Crewe Road North, Edinburgh, EH5 2NR

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Pricing Information & Bidding

Opening Bid: £135,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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