1 bed flat for sale

Smithfield Street, Edinburgh EH11

Tenanted 1 bedroom buy-to-let investment property in the popular Gorgie area of Edinburgh. This ground floor property is located in a traditional tenement and comprises an entrance hall, living room with dining area, and modern kitchen off, bedroom, and shower room with WC. The property benefits from gas central heating, double glazing, and is fully compliant for the rental market.

The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant and the tenant has been resident since November 2023 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £11,100 representing an immediate yield of 7.4%. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £150K.

Gorgie is a vibrant neighbourhood lying south-west of Edinburgh city centre. The property is located within easy reach of the West End, Financial District, Haymarket and Saughton Public Park. Bustling Gorgie and Dalry have an array of dining and retail choices and nearby Fountain Park boasts a multiplex cinema, casual eateries, and a state-of-the-art gym. Edinburgh Napier University at Merchiston, Edinburgh College Sighthill Campus, and Heriot-Watt University are easily accessible. Regular bus and tram services connect Gorgie quickly to the city centre and beyond, and there is easy access to the A8 linking to the City Bypass.