17/5 West Preston Street, Edinburgh, Midlothian, EH8 9PU
A fantastic opportunity to acquire a bright and spacious four-bedroom apartment, occupying the third floor of a traditional Victorian tenement.
The property would appeal to a buy-to-let investor, parents purchasing for their children studying at the university or simply those in search of a lovely family home.
The property situated in the highly desirable residential area of Newington within walking distance of a wide variety of local amenities and the City Centre. The property offers spacious and versatile accommodation with four generously proportioned double bedrooms, two shower rooms, south facing sitting room with two wonderfully bright double windows and breakfasting kitchen. In addition, the property benefits from a large, shared garden to the rear laid to lawn, edged with leafy shrubs and well-planted floral border.
Enviably located within close proximity to the University of Edinburgh, the property owner has recently renewed the HMO licence which is valid until February 2026. Presented to the market in live in condition, the property is equipped for the next academic year and all content are available upon separate negotiation.
Desktop rental value by Rettie & Co in January 2024: £2800-£3000 pcm returning a gross yield between 7.4% and 8% against the Home Report valuation of £450,000.
Council Tax Band: E
Viewing by appointment via Rettie & Co.
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