Four bedroom income producing investment

Being sold with a tenant in situ is a superb opportunity to acquire this four-bedroom mid terraced house on Hillwood Terrace, Ratho Station near Edinburgh. The accommodation comprises an entrance hallway, kitchen with dining space, bedroom and w/c on the first floor there are a further three bedrooms with storage solutions integrated each bedroom has ample space for a double bed and a modern wet walled bathroom. Externally the property has a driveway and private garden to the rear. The property has a long term tenant in situ currently paying £1067 per calendar month £12,804 per annum and if purchased at the guide price would yield at 9%, it should be noted that this is considerably below the local housing allowance rate for a four-bedroom house in the are which is £26,088 per annum. Significant discount of £50,000 discount to home report value of £190,000, this one will be popular and early expression of interest is highly recommended. Council Tax Band C.

Tenure

Freehold

Area

The area is exceptionally well connected, with excellent transport links making commuting straightforward. The property is conveniently located for access to the City Bypass, the M8 and M9 motorway networks, and is just a short drive from Edinburgh Airport. Regular bus services provide direct routes into Edinburgh city centre, making this an ideal location for those seeking a balance between village living and city accessibility.

Energy Efficiency Rating (EPC)

Current Rating C

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.