Two bedroom semi-detached house

Enjoy rental income from day one with this tenanted two bedroom semi-detached property in the popular Little France area, approximately 3.5 miles south of Edinburgh city centre. The accommodation extends over two levels and comprises lounge, kitchen and conservatory on the entry level, with the upper floor offering two bedrooms and bathroom. Features include double glazing, electric heating, off-street parking and rear garden. The current tenancy offers immediate rental income of £1100 pcm which equates to a gross rental yield of more than 9.75% at Guide Price, with the opportunity to increase rent in line with current legislation. Additionally, the listed Guide Price offers an attractive 18% discount against £165,000 Home Report valuation. An ideal addition to a rental portfolio, this property is expected to generate significant interest, so act quickly to secure this excellent investment opportunity. Council Tax Band: B. Comparables: 24 Upper Criagour Way: Sol for £171,000 05/24 13 Upper Criagour Way: Sold for £190,000 05/24 118 Craigour Drive: Sold for £185,000 02/23

Tenure

Freehold

Area

Craigour Drive is within the popular Little France area to the south of the city centre. Local retail options are nearby, with both Cameron Toll Shopping Centre and Fort Kinnaird Retail Park within a short drive. Schools of all levels are in the area and the property is well located for Edinburgh University, and Edinburgh Royal Infirmary is within walking distance. Excellent public transport links serve the area, and recreational facilities include walks around Craigmillar Castle and the surrounding grounds and Ellens Glen.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Edinburgh City Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.