Edinburgh buy to let property
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Apartments with restored Georgian features in Edinburgh's charming New Town
Boutique development comprising studios, one-bedroom and two-bedroom apartments in the heart of Edinburgh's city centre.
Key Figures
£460,000Starting Price
4%Net Yield
Q1 2021Completion Date
Investment Details
53 George Street located within Edinburgh's New Town and is within walking distance of Edinburgh Waverley Railway Station, Edinburgh's financial centre and Edinburgh Castle.
Residents at 53 George Street will have everything on their doorstep, with a Harvey Nichols store just moments away, as well as the Assembly Rooms which hosts the Edinburgh Festival Fringe.
The New Town is a central area and was originally created to house the overspill from Edinburgh’s Old Town. It was designed in 1767 to accommodate Edinburgh’s wealthy politicians and writers, and accommodation options are usually well built and spacious. Today, people visit to marvel at its elegant architecture, boutique stores and art galleries.
Why invest in property in Edinburgh?
Edinburgh is one of the most productive and prosperous cities in the UK. It also has one of the most highly skilled workforces in the UK, with 55% of working age residents educated to degree level or above. By 2024 the population of Edinburgh is expected to increase to 546,440 and 70% of that is expected to be of working age. House prices are predicted to increase in step with population growth, averaging 3.1% per annum, above the national average of 2.2%, and rents are also expected to increase by 2.4% at the same time.
The Numbers
Ground Rent:
Number of Units:6
Service Charge:
Prices:Large two-bedroom apartment £460,000
Leasehold:Freehold
Restored Georgian features Custom-designed contemporary kitchen Granite worktops Fully integrated German appliances Spacious living areas Wooden flooring
- £2,500 non-refundable deposit
- 10% deposit on exchange of contracts (reservation fee will be returned to buyer upon receipt of 10% deposit)
- 5% stage payment
- 85% of purchase price due upon completion.
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