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Four bedroom income-producing investment property
Ratho Station, EH28 - Get Access
4 bed
1 bath
Description
This four-bedroom mid-terraced house is located on Hillwood Terrace, Ratho Station, near Edinburgh and is being sold with a tenant in situ. The accommodation comprises an entrance hallway, a kitchen with dining space, a bedroom, and a W/C on the first floor. Additionally, there are three further bedrooms with integrated storage solutions and a modern wet-walled bathroom. Externally, the property benefits from a driveway and a private garden to the rear. The property has a long-term tenant paying £1067 per calendar month (£12,804 per annum), which represents a 9% yield at the guide price. It is noted that this is considerably below the local housing allowance rate for a four-bedroom house in the area, which is £26,088 per annum. There is a significant discount of £50,000 to the home report value of £190,000. The area is exceptionally well-connected with excellent transport links, including easy access to the City Bypass, M8, and M9 motorway networks, and is a short drive from Edinburgh Airport. Regular bus services provide direct routes into Edinburgh city centre. The property is in Council Tax Band C and has an Energy Efficiency Rating of C.
Comparable sales
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Estimated market value
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Range:
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Medium confidence
Floor Area Estimated: 1,500 sq ft
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