1-Bedroom Flat in Central Edinburgh
The Numbers:
Long-term rental investment owned and managed for 15 yrs+
For short and long let, currently on a long term tenancy
Net annual return*: 25% pa
Return on Investment**: 300+%
Forecast predicted compound growth over next 5 years***: 23.4%
*from rental income after deductions for agency fees, boiler maintenance, safety certificates, insurance and a sink fund
**amount the cash investment has increased over investment term, assuming sold today before tax and legals
***as per Savills data
In Brief:
A successful long term investment both for rental yields and capital growth. Located in a formerly undesirable part of Edinburgh this property has benefited from gentrification as a result of improved transport links and comparative affordability.
Services provided: Consultancy, Search and Find, Property Enhancement, Property Staging, Tenant Search and Letting and Property Management.
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This small ground floor flat has been a high-yielding buy-to-let investment due to its internal layout and geographic situation, despite being at the wrong end of a less desirable road and having a road-facing bedroom. We completely overhauled it, designing and installing a high-quality, fully integrated kitchen, replacing wall mounted electric radiators with new gas central heating, adding an abundance of lighting to negate the oppressive darkness, and furnishing it to maximise space whilst providing practical accommodation for prospective tenants.
Professional photos were key to getting prospective tenants through the door, and the sensible rental price (pitched just right, never too greedy) plus the attractive living space, has always secured good quality, long term tenants with barely any void periods.
