2 bed Flat For Sale £450,000
Dundas Street, Flat 3F2, Edinburgh EH3

ENHANCED TERMS OFFERED ON THIS LOT...
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)

PRIME INVESTMENT OPPORTUNITY highly desirable Edinburgh New Town Two bedroom flat. Requires some refurbishment to be completed * RICS QUALIFIED HOME REPORT VALUE £480,000 * located in Dundas Street EXCELLENT CAPITAL GROWTH POTENTIAL. PROPERTY COMPRISES:- Entrance hall, living room, kitchen diner, two double bedrooms, bathroom and dressing room. This 3rd floor property has access to a basement storage area below street level. Property description & features A historic 3rd/top-floor flat, part of a B-listed Georgian Building in the New Town conservation area. Views over Edinburgh's iconic skyline. An exciting restoration project almost completed by the current vendor. Bright hall with storage & a skylight. Living room with Firth of Forth views. Well-proportioned dining kitchen. 2 airy double bedrooms. Versatile box room/home office. Naturally-lit bathroom. Access to the Queen Street Gardens (subject to an annual fee) & controlled permit parking (Zone 5A). Typical of Georgian architecture, it has high ceilings and large rooms lit by 12-pane sash-and-case windows, framing impressive views over Edinburgh's iconic skyline. Residents have access to controlled permit parking, and, for an annual fee, can enjoy the renowned Queen Street Gardens, where peace can be found even amongst the bustle of the city. Requires decoration, and fixtures and fittings. Initial work has already been undertaken, with new floorboards and structural work on the floor, some new six-panel wooden doors and skirtings fitted, the majority of walls freshly plastered, first fix electrics installation, and new plumbing laid for radiators. EXCELLENT SALES EVIDENCE:- 14, Dundas Street, sold for £551,200 Feb 2022; 10, Dundas Street, £895,000 Oct 2016; 80/1, Great King Street, £630,000 Nov 2023; 16 Flat 1, Abercromby Place, £649,000 Nov 2023. * HIGH YIELDING INVESTMENT OPPORTUNITY* Realistic Rent in this area up to £2200pcm, giving an income of £26400pa which would provide an EXCELLENT YIELD OF 6.1% per year if achieved for Guide Price. RARELY AVAILABLE LOT Completed value estimated UP TO £550,000. Majority of the work has been completed by the vendor. SUIT SHREWD DEVELOPER OR BUILDER. Highly sought after Edinburgh's New Town. Listed building consents and building warrants have all been granted for this property.

Auction Details
29 February 2024, 3pm
Deadline for Offers

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