*Guide | £220,000 (plus fees)
- Flat
- 1 Bedroom
- Tenure: Freehold
Call the team on 0141 339 4466 for more information
Ground floor one bedroom flat
Within the highly desirable Polwarth area of Edinburgh, this ground floor, self-contained one-bedroom flat at Merton Place presents an excellent opportunity for an investor looking for a renovation project in a sought-after location. Requiring full modernisation throughout, the property offers tremendous scope to fully upgrade to an attractive one bedroom flat, with the potential opportunity to convert into a two bedroom property, subject to obtaining the relevant consent. The property benefits from direct access from the kitchen to a spacious shared rear garden, perfect for enjoying outdoor space. Once refurbished to a high standard, the property is estimated to achieve a rental income of approximately £1,000 per calendar month £12,000 per annum as a one bedroom flat, or around £1,250 per calendar month £15,000 per annum if successfully converted into a two bedroom home, making this an attractive buy-to-let or resale opportunity. Council Tax Band D.
Tenure
Freehold
Area
Polwarth is one of Edinburgh's most desirable residential neighbourhoods, a mostly residential area boasting Victorian architecture, leafy streets and excellent proximity to the city centre. Residents enjoy an excellent selection of local amenities including independent cafés, restaurants, convenience stores and supermarkets, while nearby Bruntsfield, Morningside and Fountain Park offer an even wider range of shopping, leisure and entertainment options. Outdoor enthusiasts will appreciate the picturesque Union Canal walkway and the nearby Harrison Park, providing attractive green spaces for walking, running and cycling. Edinburgh Napier University Merchiston Campus is walking distance. The area is exceptionally well connected, with frequent bus services providing quick access to Edinburgh City Centre.
Local Authority
Edinburgh City Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
