Back to Future Property Auctions

One-bedroom flat in Bonnington area of Edinburgh

Edinburgh, EH6 - Get Access

1 bed 1 bath

Description

This is a first-floor, one-bedroom flat located in the popular Bonnington area of Edinburgh. The property benefits from double glazing and gas central heating and is situated within a traditional tenement building. Bonnington offers an excellent range of local amenities including shops, bars, cafes, and restaurants on nearby Trinity, Ferry Road, and Newhaven. Regular bus services are available nearby, and the Water of Leith walkway provides access to The Shore and Canonmills, with the Botanic Gardens and Stockbridge approximately a 25-minute walk away. Victoria Quay and Ocean Terminal shopping/leisure centre are also easily accessible. The accommodation comprises an entrance hall with a storage cupboard. The open-plan lounge/kitchen features a window to the front and is fitted with base and wall units; the cooker, fridge, and washing machine are to remain. The double bedroom, also to the front, has a fitted wardrobe and a storage cupboard. A separate WC with a two-piece suite and a shower room complete the interior. Externally, there is a shared garden area to the rear. The property is described as being in excellent walk-in condition and presents a high-yielding buy-to-let investment opportunity, with a realistic achievable rent of up to £1050pcm, offering a yield of approximately 11% if sold at the guide price. Local sales evidence includes: 66 2f3, Pitt Street, sold for £190,000 in Dec 2023; 74/2, Pitt Street, sold for £206,000 in Jun 2023; and 78, Bf1, Pitt Street, sold for £190,000 in Aug 2022. This property is offered as a superb investment property and is reduced for a quick auction sale.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area Estimated: 500 sq ft

The valuation is based on the comparable evidence of similar properties within the same building, with secondary consideration given to nearby sales. The property's condition and features have been assessed and adjusted for accordingly. The valuation floor area of 500 sq ft has been used for analysis.

Unlock the full valuation
  • Exact estimated value and full value range
  • Detailed written analysis of how we reached this estimate
Unlock full report