One-Bedroom Tenement Flat

We are delighted to present to auction this exciting refurbishment project, conveniently located in Mureiston Road close to Haymarket, Dalry Road and Fountainbridge. Situated on the second floor of a traditional tenement flat block, the accommodation comprises lounge with kitchen off, one bedroom and bathroom. The property requires a full programme of works, reflected in the competitive guide price, and offers a great opportunity to add value. There is evidence of some structural issues, but an engineer’s report states movement to be historic and advises the property to be suitable for mortgage lending. The internal condition is deemed to be uninhabitable and, as such, no Home Report is available. Post works, buy to let investors could enjoy rental income in the region of £8,975 per annum (LHA), but strong rental demand could potentially produce greater levels of returns. Equally, this property is ideal for first time buyers looking for a well-priced opportunity to get their first foot on the property ladder. Early viewing is essential as this one won’t be around for long. Council Tax Band B.

Tenure

Freehold

Area

The property is in Dalry, on the western edge of Edinburgh's city centre, between Gorgie and Haymarket. Dalry Road, a short walk away, has everyday shops, cafes, takeaways and a Tesco Express. Fountainbridge adds further shops, bars and leisure facilities including a Nuffield Health gym and cinema. Murieston Park provides a small local green space with a children's playground. The property is in the catchment for Dalry Primary School with Tynecastle High School being the local secondary. Edinburgh Napier University's Merchiston campus and the University of Edinburgh's central campus are both within walking distance. Haymarket railway station is around a 10–15 minute walk, with regular services to Glasgow and beyond. Frequent Lothian Buses services run along Dalry Road and Haymarket Terrace into the city centre and surrounding areas. The West Approach Road gives quick access out of town by car.

Energy Efficiency Rating (EPC)

Current Rating E

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.