2 Bed Flat, Single Let, EH14 1TX £225,000

20/2 New Mart Place, Edinburgh, EH14 1TX - 5 views - 9 months ago
Sold STC
BTL
ROI: 3%
~64 m²
Property image

ValuationOvervalued

Sold Prices£123K - £320K
Sold Prices/m²£1.9K/m² - £3.9K/m²

 

 

Square Metres

~64 m²
Price/m²£3.5K/m²

Value Estimate

£220,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£12,450

Total Cash In

£68,700

 

 

Cash Out

 

Rent Range

£795 - £1,700

Rent Estimate

£1,144

Running Costs/mo

£952

Cashflow/mo

£192

Cashflow/yr

£2,305

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £123K to £320K, average is £193K. £1.9K/m² to £3.9K/m², average is £3.2K/m².

Price
Date
Distance
Address
Beds
 
£205K08/210 mi10, Flat 5, New Mart Place, Edinburgh, Midlothian EH14 1TX2
£239.2K05/250.02 miFlat 2, 20, New Mart Place, Slateford, Edinburgh EH14 1TX2
£229.1K06/250.03 miFlat 3, 28, New Mart Place, Slateford, Edinburgh EH14 1TX2
£230K02/250.04 mi30, Flat 7, New Mart Place, Slateford, Edinburgh EH14 1TX2
£250K06/250.07 miFlat 4, 1, New Mart Place, Slateford, Edinburgh EH14 1RW2
£218K04/230.07 mi1, Flat 6, New Mart Place, Slateford, Edinburgh EH14 1RW2
£230K08/250.08 miFlat 9, 41, Laichpark Road, Slateford, Edinburgh EH14 1UP2
£262.6K05/250.09 miFlat 3, 86, Chesser Crescent, Slateford, Edinburgh EH14 1SE2
£230K09/210.1 mi94, Flat 5, Chesser Crescent, Edinburgh, Midlothian EH14 1SE2
£265.5K06/250.14 mi30, Chesser Avenue, Slateford, Edinburgh EH14 1ST2
£267K05/230.18 mi26, Chesser Grove, Slateford, Edinburgh EH14 1SZ2
£270.5K08/210.18 mi19, Chesser Avenue, Edinburgh, Midlothian EH14 1SS2
£235K05/210.18 mi5, Chesser Grove, Edinburgh, Midlothian EH14 1SZ2
£320K10/210.18 mi13, Chesser Grove, Edinburgh, Midlothian EH14 1SZ2
£277.5K05/230.19 mi17, Chesser Grove, Slateford, Edinburgh EH14 1SZ2
£185K03/240.26 mi38, Flat 4, Hutchison Avenue, Slateford, Edinburgh EH14 1QP2
£152.5K05/230.27 mi475, Flat 1, Gorgie Road, Gorgie, Edinburgh EH11 3AD2
£260K05/230.28 mi29, Allan Park Gardens, Slateford, Edinburgh EH14 1LN2
£198K09/210.29 mi572/3, Gorgie Road, Edinburgh EH11 3AL2
£185K08/250.29 mi1f2, 20, Hutchison Road, Slateford, Edinburgh EH14 1RD2
£214.8K08/250.29 miFlat 1, 578, Gorgie Road, Gorgie, Edinburgh EH11 3AL2
£200K08/210.32 mi41, Allan Park Drive, Edinburgh, Midlothian EH14 1LW2
£235K05/250.34 mi8, Hutchison Cottages, Slateford, Edinburgh EH14 1PX2
£167K11/210.36 mi8/1, Stenhouse Road, Edinburgh, Midlothian EH11 3LQ2
£123K05/230.38 mi72, Flat 15, Redhall Crescent, Kingsknowe, Edinburgh EH14 2HD2
£185K06/210.38 mi1/5, Inglis Green Rigg, Edinburgh, Midlothian EH14 2LF2
£188K12/210.38 mi2/7, Inglis Green Rigg, Edinburgh, Midlothian EH14 2LF2
£177K09/210.39 mi143/3, Hutchison Road, Edinburgh, Midlothian EH14 1PG2
£156K11/210.39 mi131/6, Hutchison Road, Edinburgh, Midlothian EH14 1PG2
£161.5K08/250.39 miFlat 9, 30, Longstone Park, Kingsknowe, Edinburgh EH14 2BL2
£187.5K05/250.4 miFlat 1, 131, Hutchison Road, Slateford, Edinburgh EH14 1PG2
£176.3K06/210.41 mi18, Stenhouse Terrace, Edinburgh, Midlothian EH11 3JB2
£180K02/230.41 mi2, Flat 3, Inglis Green Gait, Kingsknowe, Edinburgh EH14 2LG2
£250K02/230.41 mi34a, Moat Terrace, Slateford, Edinburgh EH14 1PS2
£170K05/210.42 mi38, Stenhouse Terrace, Edinburgh, Midlothian EH11 3JA2
£165K09/210.42 mi16/1, Stenhouse Cottages, Edinburgh, Midlothian EH11 3JQ2
£213K07/210.42 mi15, Moat Terrace, Edinburgh, Midlothian EH14 1PS2
£175K03/230.42 mi36, Flat 4, Hutchison Road, Slateford, Edinburgh EH14 1PQ2
£173K08/250.42 miFlat 5, 36, Hutchison Road, Slateford, Edinburgh EH14 1PQ2
£203.2K08/250.43 miFlat 1, 141, Hutchison Road, Slateford, Edinburgh EH14 1PG2
£151.5K05/230.44 mi21, Stenhouse Terrace, Stenhouse, Edinburgh EH11 3JA2
£241K06/210.44 mi20, Moat Place, Edinburgh, Mid EH14 1PP2
£153.1K03/230.44 mi30, Stenhouse Avenue, Stenhouse, Edinburgh EH11 3HZ2
£165K09/210.46 mi37, Stenhouse Crescent, Edinburgh, Midlothian EH11 3JN2
£178.6K09/210.46 mi44, Stenhouse Place East, Edinburgh, Midlothian EH11 3DL2
£170K08/210.47 mi17/5, Saughton Avenue, Edinburgh, Midlothian EH11 2RX2
£130K12/240.47 mi17, Flat 6, Saughton Avenue, Gorgie, Edinburgh EH11 2RX2
£277.1K05/250.47 miFlat 10, 163, Slateford Road, Slateford, Edinburgh EH14 1PD2
£175K08/250.48 miFlat 8, 17, Moat Drive, Slateford, Edinburgh EH14 1NU2
£144K12/210.48 mi69/3, Stenhouse Drive, Edinburgh, Midlothian EH11 3JS2

Local Rents

50 rents from £795/mo to £1.7K/mo, average is £1.4K/mo.

Rent
Date
Distance
Address
Beds
 
£1,35011/250 mi-2
£1,35006/250 miNew Mart Place, Edinburgh, EH142
£1,50010/250 miNew Mart Place, Chesser, Edinburgh, EH142
£90510/250 mi4 New Mart Place, Edinburgh2
£1,35010/250.01 mi-2
£1,35010/250.01 mi-2
£1,29010/250.07 mi-2
£1,29010/250.07 miNew Mart Place, Edinburgh, EH142
£1,36012/240.07 mi-2
£1,45011/250.07 mi-2
£1,45006/250.07 miNew Mart Place, Chesser, Edinburgh, EH142
£1,25009/250.1 mi0135L Chesser Crescent, Edinburgh, EH14 1SE2
£1,52507/250.12 mi-2
£1,50007/250.12 miChesser Crescent, Edinburgh, EH142
£1,52508/250.12 miChesser Crescent, Edinburgh, EH142
£1,60009/250.13 miLanark Road, Water of Leith Apartme, Kingsknowe, Edinburgh, EH142
£1,45007/250.14 mi2505L – New Mart Square, Edinburgh, EH14 1TJ2
£1,10003/240.14 miNew Mart Square, Chesser, Edinburgh, EH142
£1,40007/250.14 miNew Mart Square, Chesser, Edinburgh, EH142
£1,40009/250.14 miNew Mart Square, Chesser, Edinburgh, EH142
£1,50007/250.14 miChesser Crescent, Edinburgh2
£1,25007/250.15 mi38, Chesser Avenue, Edinburgh, EH14 1ST2
£1,29504/250.15 mi-2
£95008/250.15 miChesser Avenue, EH142
£1,28003/240.16 miLaichpark Road, Edinburgh, EH142
£1,70012/240.17 mi-2
£1,20009/250.18 miHutchison Avenue, Edinburgh, Midlothian, EH142
£79508/250.18 miHutchison Loan, Slateford, Edinburgh2
£1,50006/250.19 miNew Mart Gardens, Edinburgh, Midlothian2
£1,50003/250.19 mi-2
£1,65006/250.19 mi-2
£1,25010/250.19 miHutchison Gardens, Edinburgh, Midlothian2
£1,39507/250.2 miNew Mart Gardens, Edinburgh, EH142
£1,20005/250.22 miHutchison Medway, Chesser, Edinburgh, EH142
£1,35007/250.24 miHutchison Place, Edinburgh, Midlothian, EH142
£1,49509/250.24 miHutchison Cottages, Slateford, Edinburgh, EH142
£1,20003/250.25 mi-2
£1,45006/250.26 miGorgie Road, Edinburgh, Midlothian, EH112
£1,45006/250.26 miGorgie Road, Edinburgh, Midlothian, EH112
£1,45007/250.27 miGorgie Road, Edinburgh, Midlothian, EH112
£1,50007/250.27 miGorgie Road, Edinburgh, Midlothian2
£1,47504/250.27 miGorgie Road, Edinburgh, EH112
£1,39506/250.27 miGorgie Road, Edinburgh, EH112
£1,42506/250.27 miGorgie Road, Chesser, Edinburgh, EH112
£1,45008/250.27 miGorgie Road, Edinburgh, Midlothian, EH112
£95008/250.27 miHutchison Avenue, Chesser, Edinburgh, EH142
£1,30010/250.27 miHutchison Road, Slateford, Edinburgh, EH142
£97508/250.29 miGorgie Road, Gorgie, Edinburgh, EH112
£1,35004/250.29 mi-2
£1,29504/250.29 mi-2

Local Area Statistics

 

 

Rental demand

Balanced market

Rental growth (12m)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £225,000

February 22, 2025

Floor Plans

Property image

Description

  • Two-bedroom, first floor flat +
  • Spacious open plan living room/kitchen +
  • Master bedroom with en-suite bathroom +
  • Second double bedroom +
  • Gas central heating and Double glazing +
  • Residents car park +

Closing date set Wednesday 12th March at 11am. Warners are pleased to present this beautifully maintained two bedroom first-floor flat, located in the sought-after residential area of Chesser, to the west of Edinburgh’s city centre. This delightful property is in move in condition, having been carefully maintained and tastefully decorated throughout. The spacious open-plan kitchen and living area serves as the heart of the home, offering ample space for dining, relaxation, and meal preparation and is flooded with plenty of natural light. The modern kitchen features a gas hob, oven, extractor fan, integrated washing machine and fridge/freezer. The master bedroom boasts a stylish en-suite bathroom and built-in mirrored wardrobes, while the second well-proportioned double bedroom also benefits from built-in mirrored wardrobes. A contemporary shower room completes the internal accommodation. Factoring fees, managed by Myreside Management, are approximately £100 a month and include upkeep of external areas such as green spaces and hedgerows, car park and bin areas, lighting (outside and within the shared hall spaces), any external building maintenance and cleaning/maintenance of the shared hall spaces. This cost also includes building insurance. There is a £290 float held. Offering immense appeal to a wide range of buyers including first time buyers and holding investment potential, this property is an excellent opportunity. Early viewing is highly recommended.

Key features are:

• Two-bedroom, first floor flat

• Popular residential location

• Spacious open plan living room/kitchen

• Master bedroom with en-suite bathroom

• Second double bedroom

• Shower room

• Entrance hallway

• Walk in storage cupboard

• Gas central heating and Double glazing

• Residents car park

• Easy access to public transport links

Note: Actual photographs of rooms in their true state, with some photographs having computer generated furniture and decorative items to show the size and layout options available with rooms.

Agent Details

Warners Solicitors, Edinburgh

0131 381 3190

Next Steps?

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