Buy to Let Property

Canaan Lane - Residential Apartments in Morningside, Edinburgh

From: £320,000
Financial District, Edinburgh University and Princes Street are all within walking distance
bus service to Edinburgh city centre runs every ten minutes
Upmarket suburb of Edinburgh

One-and-two-bedroom apartments in the upmarket Edinburgh suburb of Morningside


A residential development of 10 one and two-bedroom apartments in Edinburgh's sought-after suburb of Morningside. Morningside is characterised by its eclectic shops and cafes, the famous Canny Man’s pub and the Dominion – one of Edinburgh’s oldest cinemas.

Key Figures

£320,000
Starting Price

5%
Net Yield

Q1 2022
Completion Date

Investment Details

The development is situated on Canaan Lane, which is just off Morningside high street. Residents will have a wide variety of shops including Marks and Spencer and Waitrose on their doorstep.

Morningside is one of Edinburgh’s most sought-after districts and sits just south of the city centre. It is well-served by public transport, as a bus service runs every ten minutes, quickly whisking residents into the city centre.

Residents need not take public transport everywhere, as the Financial District, Edinburgh University and Princes Street are all within walking distance. Property prices in Cannan Lane start from £278,000 for a one-bedroom apartment and the outlook for growth looks promising, as property prices in the area rose by 10% last year.

The developer has a successful record with delivering on projects. Aberdeen Standard Investment chose the developer as their Project manager for a stunning development at 3 St Andrews Square which was successfully completed in 2018. We think it is indicative of their quality that an investment management firm feels comfortable with them.

The Numbers

Ground Rent:

Number of Units:10

Service Charge:

Prices:320000

Leasehold:Freehold

Dominion Cinema
Marks and Spencer
Canny Man's
  • 10 one-and-two-bedroom new build apartments
  • Fitted wardrobes to master bedrooms with oak doors and internal fittings
  • Video entry phone system
  • Plumed for washer and dryer in utility area
  • Double glazed windows
  • Nest Thermostat smart heating control
  • Virgin TV and media, fibre optic cables into Virgin Media box
  • Terrestrial TV points to living area and bedroom
  • Oak engineered timber flooring in hall, landing, kitchen, living and dining areas
  • Tiled flooring to bathroom and en-suite areas
  • High quality carpet in bedroom
  • Laufen WC with concealed cisterns
  • Laufen sinks in cloakroom
  • Roper Rhodes sink and vanity units in bathroom and shower room
  • Hansgrohe Talis taps and Croma fixed head shower in en-suite
  • Day 1: £2K reservation fee plus reservation form
  • Day 21: 10% deposit (minus £2K reservation fee) + Legal docs
  • Day 90: 10% deposit
  • Completion: Balance paid

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