2 Bed Flat, Single Let, EH14 1PG, £180,000

131/1 Hutchison Road, Edinburgh, EH14 1PG - 2 views - 6 months ago

BTL
ROI: 7%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£144K - £425K

 

 

Square Metres

~68.11 m²

Value Estimate

£175,814

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Rent Range

£1,050 - £1,700

Rent Estimate

£1,100

Running Costs/mo

£803

Cashflow/mo

£298

Cashflow/yr

£3,570

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £144K to £425K, average is £199K.

PriceDateDistanceAddressBeds 
£177K09/210.01 mi143/3, Hutchison Road, Edinburgh, Midlothian EH14 1PG2
£156K11/210.01 mi131/6, Hutchison Road, Edinburgh, Midlothian EH14 1PG2
£213K07/210.1 mi15, Moat Terrace, Edinburgh, Midlothian EH14 1PS2
£250K02/210.1 mi32a, Moat Terrace, Edinburgh, Mid EH14 1PS2
£179K06/210.13 mi4/4, Moat Drive, Edinburgh, Midlothian EH14 1NR2
£241K06/210.16 mi20, Moat Place, Edinburgh, Mid EH14 1PP2
£170K08/210.18 mi17/5, Saughton Avenue, Edinburgh, Midlothian EH11 2RX2
£160K02/210.19 mi90/4, Slateford Road, Edinburgh, Mid EH14 1NP2
£185K05/210.21 mi161/8, Slateford Road, Edinburgh, Midlothian EH14 1PD2
£260K05/210.23 mi2/3, Appin Street, Edinburgh EH14 1PA2
£220K02/210.23 mi16, Chesser Crescent, Edinburgh, Mid EH14 1SB2
£270.2K04/210.25 mi4/11, Appin Street, Edinburgh EH14 1PA2
£195.6K07/210.26 mi4/7, Robertson Gait, Edinburgh, Midlothian EH11 1HJ2
£185K02/210.28 mi20/2, Hutchison Medway, Edinburgh, Midlothian EH14 1QQ2
£237.5K08/210.3 mi10/5, Hermand Street, Edinburgh, Midlothian EH11 1LR2
£165K06/210.32 mi344/6, Gorgie Road, Edinburgh, Midlothian EH11 2QT2
£238K09/210.34 mi5/7, Sinclair Place, Edinburgh, Midlothian EH11 1AG2
£235K04/210.35 mi19/14, Sinclair Place, Edinburgh, Midlothian EH11 1AH2
£230K09/210.36 mi94, Flat 5, Chesser Crescent, Edinburgh, Midlothian EH14 1SE2
£270.5K08/210.39 mi19, Chesser Avenue, Edinburgh, Midlothian EH14 1SS2
£205K08/210.4 mi10, Flat 5, New Mart Place, Edinburgh, Midlothian EH14 1TX2
£320K06/210.4 mi6, Alderbank Terrace, Edinburgh, Midlothian EH11 1SX2
£271.3K02/210.44 mi2, Chesser Loan, Edinburgh, Mid EH14 1SX2
£235K05/210.46 mi5, Chesser Grove, Edinburgh, Midlothian EH14 1SZ2
£320K10/210.46 mi13, Chesser Grove, Edinburgh, Midlothian EH14 1SZ2
£198K09/210.48 mi572/3, Gorgie Road, Edinburgh EH11 3AL2
£253.5K12/210.48 mi4, Daisy Terrace, Edinburgh, Midlothian EH11 1PL2
£299.9K03/210.49 mi1, Flat 12, Meggetland View, Edinburgh, Midlothian EH14 1XS2
£245K02/210.52 mi60, Allan Park Crescent, Edinburgh, Mid EH14 1LQ2
£182.5K09/210.53 mi3/8, Perdrixknowe, Edinburgh, Midlothian EH14 1AF2
£170K05/210.54 mi38, Stenhouse Terrace, Edinburgh, Midlothian EH11 3JA2
£315.6K12/210.54 mi13/6, Ogilvie Terrace, Edinburgh, Midlothian EH11 1NS2
£200K08/210.55 mi41, Allan Park Drive, Edinburgh, Midlothian EH14 1LW2
£176.3K06/210.57 mi18, Stenhouse Terrace, Edinburgh, Midlothian EH11 3JB2
£197K11/210.59 mi88, Stevenson Road, Edinburgh, Midlothian EH11 2SJ2
£178.6K09/210.59 mi44, Stenhouse Place East, Edinburgh, Midlothian EH11 3DL2
£325K03/210.62 mi7/5, Myreside View, Edinburgh EH14 1AG2
£167K11/210.63 mi8/1, Stenhouse Road, Edinburgh, Midlothian EH11 3LQ2
£168K02/210.63 mi50/2, Whitson Road, Edinburgh, Midlothian EH11 3BT2
£425K08/210.64 mi67a, Lockharton Avenue, Edinburgh, Mid EH14 1BB2
£144K12/210.67 mi69/3, Stenhouse Drive, Edinburgh, Midlothian EH11 3JS2
£165K09/210.68 mi16/1, Stenhouse Cottages, Edinburgh, Midlothian EH11 3JQ2
£165K09/210.7 mi37, Stenhouse Crescent, Edinburgh, Midlothian EH11 3JN2
£280K04/210.72 mi6, Glendevon Park, Edinburgh, Midlothian EH12 5XB2
£185K08/210.73 mi23/6, Murieston Lane, Edinburgh, Midlothian EH11 2LX2
£158K07/210.74 mi1, Stenhouse Street East, Edinburgh, Midlothian EH11 3DD2
£200K08/210.77 mi10/11, Ardmillan Place, Edinburgh, Midlothian EH11 2JU2
£165K02/210.78 mi11, Stenhouse Crescent, Edinburgh, Mid EH11 3JJ2
£185K06/210.78 mi1/5, Inglis Green Rigg, Edinburgh, Midlothian EH14 2LF2
£188K12/210.78 mi2/7, Inglis Green Rigg, Edinburgh, Midlothian EH14 2LF2

Local Rents

50 rents from £1.1K/mo to £1.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.04 mi-2
£1,35012/240.1 mi-2
£1,45004/250.1 mi-2
£1,55004/250.1 mi-2
£1,39503/240.17 mi-2
£1,39503/240.17 miMoat Place, Edinburgh, EH142
£1,54003/240.21 miAppin Place, Slateford, Edinburgh, EH142
£1,27003/240.22 miHutchison Cottages, Edinburgh, EH142
£1,25004/250.22 mi-2
£1,70012/240.23 mi-2
£1,20003/250.23 mi-2
£1,40012/240.24 mi-2
£1,30003/250.24 mi-2
£1,50003/240.24 miAppin Place, Slateford, Edinburgh, EH142
£1,20003/240.27 mi-2
£1,25001/250.27 mi-2
£1,15003/240.32 miSlateford Road, Edinburgh, Midlothian2
£1,15003/240.32 miSlateford Road, Edinburgh, Midlothian2
£1,10012/240.32 mi-2
£1,39504/250.32 mi-2
£1,53503/240.33 miRobertson Avenue, Edinburgh, EH112
£1,49002/250.35 mi-2
£1,48503/240.35 miElfin Square, Edinburgh, EH112
£1,32503/240.35 miElfin Square, Edinburgh, EH112
£1,32503/240.35 miEmbankment West, 5 Elfin Square, Edinburgh, EH112
£1,48503/240.35 miElfin Square, Edinburgh, EH112
£1,32512/240.35 miEmbankment West, 5 Elfin Square, Edinburgh, EH112
£1,30003/240.35 miHermand Crescent, Slateford, Edinburgh, EH112
£1,25003/240.36 miNorth Meggetland, Craiglockhart, Edinburgh, EH142
£1,25012/240.36 mi-2
£1,50004/250.37 mi-2
£1,39512/240.37 mi-2
£1,39503/240.37 miNorth Meggetland, Edinburgh, EH142
£1,30003/240.38 mi2, Sinclair Gardens, Edinburgh, EH11 1UU2
£1,40003/240.39 miSinclair Place, Gorgie, Edinburgh, EH112
£1,37502/250.39 mi-2
£1,50003/250.39 mi-2
£1,10012/240.4 mi-2
£1,10002/240.4 mi-2
£1,10002/250.4 mi-2
£1,46503/240.4 miWheatfield Road, Gorgie, Edinburgh, EH112
£1,46503/240.4 miWheatfield Road, Gorgie, Edinburgh, EH112
£1,20012/240.4 mi-2
£1,05003/250.4 mi-2
£1,37503/240.41 miStewart Terrace, Gorgie, Edinburgh, EH112
£1,14004/250.41 mi-2
£1,40002/250.42 mi-2
£1,28003/240.42 mi-2
£1,40002/250.43 mi-2
£1,36012/240.45 mi-2

Local Area Statistics

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Listed for £180,000

October 31, 2024

Floor Plans

Description

A fantastic opportunity has arisen to purchase this spacious ground floor flat located within the ever-popular Chesser area, close to excellent local amenities and transport links to the city centre with further access to main motorway network in easy reach. The property benefits from private garden grounds and would undoubtedly appeal to first time buyers, professionals and more. Viewing suggested.

Internally, the property has recently undergone a full renovation while briefly comprising of; welcoming entrance hallway with useful storage provisions, bright and airy lounge/diner with a gas fireplace and sizeable storage cupboard, modern fully-fitted kitchen with integrated and freestanding white goods as well as paneling in splash areas whilst being styled with gloss units and a marble effect worktop, two sizeable double bedrooms both with room for freestanding furniture whilst bedroom 1 offers fitted wardrobes, and a fully-paneled wet room.

Further benefits include a secure door entry system, gas central heating and double glazing throughout.

This property has been subject to virtual staging to show the effect of a makeover on the property. It should be noted that the property is currently empty as per the “before” images which have also been uploaded for perusal.

The front of the property lies a well-maintained private garden mostly laid to lawn with a flower bed border. To the rear of the building is a small private garden space with a shed and a communal drying green. For the car owner, there is ample on-street parking to the front and surrounding area.

Council Tax Band - C

Agent Details

Neilsons Solicitors and Estate Agents, Edinburgh

0131 381 8583

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪