2 Bed Flat, Single Let, Haddington, EH41 3JL, £275,000

Apartment 3, 8 Market Street, Haddington, East Lothian, EH41 3JL - 6 months ago

BTL
~76 m²
+10 photos

ValuationOvervalued

Sold Prices£46.8K - £266.3K

 

 

Square Metres

~76.40 m²

Value Estimate

£168,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Total Cash In

£84,950

 

 

Cash Out

 

Rent Range

£775 - £4,000

Rent Estimate

£828

Running Costs/mo

£1,045

Cashflow/mo

£-217

Cashflow/yr

£-2,604

Gross Yield

4%

Local Sold Prices

10 sold prices from £46.8K to £266.3K, average is £152.5K.

PriceDateDistanceAddressBeds 
£168K06/210.02 mi73c, Market Street, Haddington, East Lothian EH41 3JJ2
£135K10/210.03 mi83f, High Street, Haddington, East Lothian EH41 3ET2
£145K09/210.08 mi2, Sidegate, Haddington, Eln EH41 4BT2
£46.8K10/210.23 mi46, St. Martins Gate, Haddington, East Lothian EH41 4BA2
£160K06/210.23 mi44, St. Martins Gate, Haddington, East Lothian EH41 4BA2
£266.3K06/210.36 mi1, Victoria Road, Haddington, East Lothian EH41 4DL2
£95K10/210.37 mi6 Knox Court, Knox Place, Haddington EH41 4EB2
£110K07/210.37 mi21 Knox Court, Knox Place, Haddington, East Lothian EH41 4EB2
£197.5K06/210.4 mi60, The Maltings, Haddington, East Lothian EH41 4EF2
£162K08/210.64 mi19, Wellside, Haddington, East Lothian EH41 4RP2

Local Rents

18 rents from £775/mo to £4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,60007/240.02 mi-4
£77502/240.06 mi-2
£1,50001/240.07 mi-3
£1,30001/250.09 mi-3
£1,20002/240.16 mi-3
£1,35004/240.2 mi-3
£1,35004/240.2 miTyne Court, Haddington, EH413
£82510/240.64 mi-1
£99509/240.67 mi-2
£1,25003/240.72 miCHALYBEATE, Haddington, East Lothian, EH412
£98004/240.83 miClerkington Walk, Haddington, East Lothian, EH412
£4,00005/240.83 miLennoxlove Estate, Haddington, EH415
£1,25005/241.26 miArthurs Way, EH413
£85005/241.3 miHays Walk, Haddington, East Lothian, EH411
£1,45003/241.3 miHays Walk, Haddington, East Lothian, EH413
£1,35004/241.3 miArthurs Way, Haddington, East Lothian, EH413
£1,17505/241.33 miHays Walk, Haddington, East Lothian, EH412
£82503/241.33 miDavids Way, Haddington, East Lothian, EH411

Local Area Statistics

 

 

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Listed for £275,000

October 18, 2024

Floor Plans

Description

  • Newly converted 2 bedroom apartments in historic A Listed building +
  • Bespoke solid wood kitchens with premium appliances +
  • Beautiful bathrooms with Hudson Reed fixtures and fittings +
  • High ceilings throughout +
  • Excellent central location within the market town of Haddington +
  • Good local transport links to Edinburgh +
  • Close to the golf courses and beaches of East Lothian +
  • EPC Rating = C +

Beautifully converted residential property with exceptional accommodation throughout featuring high end fixtures and fittings.

Description

8 Market Street is a wonderful A Listed building which has just undergone a complete renovation programme to create four beautifully styled apartments, each unique in layout, size and outlook.

Apartment 3 occupies the front half of the first floor of 8 Market Street. It is a two bedroom apartment with high ceilings, cornicing and sash and case windows. There are two bedrooms and a spacious hallway with bath / shower room located off. The kitchen is open plan to the sitting room and features a bank of kitchen units as well as a central island. There is space for a dining table and a seating area.

All four apartments have been finished to a superb standard throughout. apartment 3 has the following fixtures, fittings and equipment:

Kitchen: Country style “1909” kitchen. Solid wood units complete with marble tops and matching island.
Appliances include: Fridgemaster fridge / freezer, Neff oven, Hotpoint induction hob.

Bathroom: Hudson Reed bathroom with roll top bath with glass shower screen. White sanitaryware.
Mechanical extraction.
Electric under floor heating.

Flooring: Carpets to bedrooms.
Engineered oak laminate to living spaces.
Marble porcelain tiles to bathroom.

Security: Interlinked smoke and heat alarms.
Secure intercom entry.

Parking: Residents on Market Street may apply for a parking permit through East Lothian Council.

Location

Market Street is centrally located within the popular East Lothian town of Haddington, 18 miles from Edinburgh via the A1. The town benefits from several major supermarkets and a growing number of independent local shops, restaurants, cafés and both primary and secondary schooling.

East Lothian’s sandy beaches are easily accessible, while the nearby Lammermuir Hills offer an abundance of activities. Golfers can choose from the local course within Haddington or numerous courses close by, including world renowned Muirfield, Archerfield, Gullane and North Berwick on the coast. Haddington is a good commuting location with rail services to Edinburgh accessed from Longniddry, Drem, East Linton or Wallyford, and services to London King’s Cross from Dunbar. There are also good local bus services serving the local area and Edinburgh.

Square Footage: 822 sq ft

Additional Info

Services: Mains water, drainage and electricity. Hot water provided by electric pressurised tank.

Local Authority & tax band: East Lothian council. Tax bands to be agreed.

Fixtures & Fittings: The properties are sold with all fixtures, fittings and equipment.

Listing and Conservation Area: 8 Market Street is Category A Listed. The properties are also located within the Haddington Conservation Area.

Solicitors: Ralph Sayer. Birch House, 10 Bankhead Crossway S, Edinburgh EH11 4EP. Tel:

Photos Taken: October 2024.

Date Produced: October 2024.

Agent Details

Savills, Edinburgh Country

0131 381 2387

Next Steps?

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