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Description

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

IDEAL FOR INVESTOR LANDLORD two bedroom cottage flat located conveniently close to Edinburgh town centre on main road. TENANT IN SITU. £610 income per calendar month.

Internally comprising - hall, lounge, fitted kitchen, 2 beds and bathroom. Internal sizes and condition not confirmed. It is understood property is in good condition.

Further benefitted from gas central heating, double glazing, well maintained gardens and easy access to Edinburgh town centre via Calder Road/Gorgie Road. Potential for rent increase, lease dated 2008

Close to city centre - ideal for Air BnB. Lease in situ since 2008 - rent uplift due with more accurate rental at £950 per calendar month locally. IDEAL FOR LANDLORD

**COMPARABLE SALES** 3 Bed Drumbryden Gardens sold 2023 £150,000**2 bed Parkhead Cres sold 2021 £168,000**2 Bed Sighthill Ave sold 2022 £192,296**2 Bed Parkhead Cres sold 2023 £188,550**

IDEAL FOR INVESTOR LANDLORD two bedroom cottage flat located conveniently close to Edinburgh town centre on main road. TENANT IN SITU. £610 income per calendar month. Internally comprising - hall, lounge, fitted kitchen, 2 beds and bathroom. Internal sizes and condition not confirmed. It is understood property is in good condition. Further benefitting from gas central heating, double glazing, well maintained gardens and easy access to Edinburgh town centre via Calder Road/Gorgie Road. Potential for rent increase, lease dated 2008. Close to city centre - ideal for Air BnB. Lease in situ since 2008 - rent uplift due with more accurate rental at £950 per calendar month locally. IDEAL FOR LANDLORD. **COMPARABLE SALES** 3 Bed Drumbryden Gardens sold 2023 £150,000**2 bed Parkhead Cres sold 2021 £168,000**2 Bed Sighthill Ave sold 2022 £192,296**2 Bed Parkhead Cres sold 2023 £188,550**

The property is situated on the West side of the Historic City of Edinburgh in the popular district of Parkhead. Calder Road/Gorgie Roiad is the main trunk access road to the City Centre off the City Orbital. Parkhead/Broomhouse is a charming residential area in the West of Edinburgh. Known for its vibrant community and picturesque streets, it offers a mix of urban living with a touch of suburban tranquility. Parkhead is popular among families, partly due to its proximity to some of Edinburgh's best amenities. Calder Road 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: 261 Calder Road, Edinburgh, EH11 4RH

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Tenancy Details

Type of Agreement: Short Assured Tenancy (SAT)
Length:
Rent: £7,320 per year / £610 per month
Yield: 5% (approx)
Tenant: Private Individual
Notes:

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Legal Pack (Available)

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: 23 January 2025, 10am-3pm
Type: Timed Online Auction

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