2 Bed Flat, Single Let, EH14 1TX £210,000

28/3 New Mart Place, Musselburgh, EH14 1TX - 7 views - 8 months ago

Under Offer

BTL

ROI: 4%

~68 m²

+3 photos

ValuationOvervalued

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

Square Metres	~68.11 m²
Price/m²	£3.1K/m²
Value Estimate	£189,894£189,894

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£52,500£52,500
Stamp Duty & Legal Fees	£11,700£11,700
Total Cash In	£64,200£64,200

Cash Out
Rent Range	£720 - £1,700£720 - £1,700
Rent Estimate	£1,144
Running Costs/mo	£905£905
Cashflow/mo	£239£239
Cashflow/yr	£2,867£2,867
ROI	4%4%
Gross Yield	7%7%

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	Price/m²	m²	Beds	Type
£229.1K	06/25	0.01 mi	Flat 3, 28, New Mart Place, Slateford, Edinburgh EH14 1TX	£3,182	72	2	Flat
£230K	02/25	0.01 mi	30, Flat 7, New Mart Place, Slateford, Edinburgh EH14 1TX	£3,286	70	2	Flat
£239.2K	05/25	0.01 mi	Flat 2, 20, New Mart Place, Slateford, Edinburgh EH14 1TX	£3,368	71	2	Flat
£205K	08/21	0.03 mi	10, Flat 5, New Mart Place, Edinburgh, Midlothian EH14 1TX	-	-	2	Flat
£262.6K	05/25	0.07 mi	Flat 3, 86, Chesser Crescent, Slateford, Edinburgh EH14 1SE	£3,164	83	2	Flat
£230K	09/21	0.08 mi	94, Flat 5, Chesser Crescent, Edinburgh, Midlothian EH14 1SE	-	-	2	Flat
£250K	06/25	0.1 mi	Flat 4, 1, New Mart Place, Slateford, Edinburgh EH14 1RW	£3,571	70	2	Flat
£218K	04/23	0.1 mi	1, Flat 6, New Mart Place, Slateford, Edinburgh EH14 1RW	£3,206	68	2	Flat
£230K	08/25	0.11 mi	Flat 9, 41, Laichpark Road, Slateford, Edinburgh EH14 1UP	-	-	2	Flat
£265.5K	06/25	0.13 mi	30, Chesser Avenue, Slateford, Edinburgh EH14 1ST	£3,540	75	2	Flat
£270.5K	08/21	0.17 mi	19, Chesser Avenue, Edinburgh, Midlothian EH14 1SS	-	-	2	Flat
£267K	05/23	0.18 mi	26, Chesser Grove, Slateford, Edinburgh EH14 1SZ	£3,658	73	2	Flat
£235K	05/21	0.18 mi	5, Chesser Grove, Edinburgh, Midlothian EH14 1SZ	-	-	2	Flat
£320K	10/21	0.18 mi	13, Chesser Grove, Edinburgh, Midlothian EH14 1SZ	-	-	2	Flat
£277.5K	05/23	0.18 mi	17, Chesser Grove, Slateford, Edinburgh EH14 1SZ	£3,343	83	2	Flat
£185K	03/24	0.23 mi	38, Flat 4, Hutchison Avenue, Slateford, Edinburgh EH14 1QP	£2,681	69	2	Flat
£152.5K	05/23	0.25 mi	475, Flat 1, Gorgie Road, Gorgie, Edinburgh EH11 3AD	£2,346	65	2	Flat
£185K	08/25	0.26 mi	1f2, 20, Hutchison Road, Slateford, Edinburgh EH14 1RD	-	-	2	Flat
£198K	09/21	0.28 mi	572/3, Gorgie Road, Edinburgh EH11 3AL	-	-	2	Flat
£214.8K	08/25	0.28 mi	Flat 1, 578, Gorgie Road, Gorgie, Edinburgh EH11 3AL	-	-	2	Flat
£260K	05/23	0.3 mi	29, Allan Park Gardens, Slateford, Edinburgh EH14 1LN	£3,939	66	2	Flat
£235K	05/25	0.32 mi	8, Hutchison Cottages, Slateford, Edinburgh EH14 1PX	£3,264	72	2	Flat
£200K	08/21	0.34 mi	41, Allan Park Drive, Edinburgh, Midlothian EH14 1LW	-	-	2	Flat
£177K	09/21	0.36 mi	143/3, Hutchison Road, Edinburgh, Midlothian EH14 1PG	-	-	2	Flat
£156K	11/21	0.36 mi	131/6, Hutchison Road, Edinburgh, Midlothian EH14 1PG	-	-	2	Flat
£167K	11/21	0.37 mi	8/1, Stenhouse Road, Edinburgh, Midlothian EH11 3LQ	-	-	2	Flat
£187.5K	05/25	0.37 mi	Flat 1, 131, Hutchison Road, Slateford, Edinburgh EH14 1PG	£3,409	55	2	Flat
£250K	02/23	0.39 mi	34a, Moat Terrace, Slateford, Edinburgh EH14 1PS	£3,205	78	2	Flat
£213K	07/21	0.39 mi	15, Moat Terrace, Edinburgh, Midlothian EH14 1PS	-	-	2	Flat
£175K	03/23	0.39 mi	36, Flat 4, Hutchison Road, Slateford, Edinburgh EH14 1PQ	£2,917	60	2	Flat
£173K	08/25	0.39 mi	Flat 5, 36, Hutchison Road, Slateford, Edinburgh EH14 1PQ	-	-	2	Flat
£203.2K	08/25	0.4 mi	Flat 1, 141, Hutchison Road, Slateford, Edinburgh EH14 1PG	-	-	2	Flat
£176.3K	06/21	0.4 mi	18, Stenhouse Terrace, Edinburgh, Midlothian EH11 3JB	-	-	2	Flat
£170K	05/21	0.4 mi	38, Stenhouse Terrace, Edinburgh, Midlothian EH11 3JA	-	-	2	Flat
£123K	05/23	0.41 mi	72, Flat 15, Redhall Crescent, Kingsknowe, Edinburgh EH14 2HD	£2,050	60	2	Flat
£241K	06/21	0.42 mi	20, Moat Place, Edinburgh, Mid EH14 1PP	-	-	2	Flat
£185K	06/21	0.42 mi	1/5, Inglis Green Rigg, Edinburgh, Midlothian EH14 2LF	-	-	2	Flat
£188K	12/21	0.42 mi	2/7, Inglis Green Rigg, Edinburgh, Midlothian EH14 2LF	-	-	2	Flat
£161.5K	08/25	0.42 mi	Flat 9, 30, Longstone Park, Kingsknowe, Edinburgh EH14 2BL	-	-	2	Flat
£165K	09/21	0.42 mi	16/1, Stenhouse Cottages, Edinburgh, Midlothian EH11 3JQ	-	-	2	Flat
£151.5K	05/23	0.43 mi	21, Stenhouse Terrace, Stenhouse, Edinburgh EH11 3JA	£2,658	57	2	Flat
£153.1K	03/23	0.43 mi	30, Stenhouse Avenue, Stenhouse, Edinburgh EH11 3HZ	£2,945	52	2	Flat
£170K	08/21	0.43 mi	17/5, Saughton Avenue, Edinburgh, Midlothian EH11 2RX	-	-	2	Flat
£130K	12/24	0.44 mi	17, Flat 6, Saughton Avenue, Gorgie, Edinburgh EH11 2RX	£1,857	70	2	Flat
£180K	02/23	0.44 mi	2, Flat 3, Inglis Green Gait, Kingsknowe, Edinburgh EH14 2LG	£3,673	49	2	Flat
£277.1K	05/25	0.45 mi	Flat 10, 163, Slateford Road, Slateford, Edinburgh EH14 1PD	£2,691	103	2	Flat
£175K	08/25	0.45 mi	Flat 8, 17, Moat Drive, Slateford, Edinburgh EH14 1NU	-	-	2	Flat
£178.6K	09/21	0.45 mi	44, Stenhouse Place East, Edinburgh, Midlothian EH11 3DL	-	-	2	Flat
£165K	09/21	0.46 mi	37, Stenhouse Crescent, Edinburgh, Midlothian EH11 3JN	-	-	2	Flat
£185K	05/21	0.47 mi	161/8, Slateford Road, Edinburgh, Midlothian EH14 1PD	-	-	2	Flat

Local Rents

50 rents from £720/mo to £1.7K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	10/25	0.02 mi	-	2	Flat
£1,350	10/25	0.02 mi	-	2	Flat
£1,350	11/25	0.03 mi	-	2	Flat
£1,350	06/25	0.03 mi	New Mart Place, Edinburgh, EH14	2	Flat
£1,500	10/25	0.03 mi	New Mart Place, Chesser, Edinburgh, EH14	2	Flat
£905	10/25	0.03 mi	4 New Mart Place, Edinburgh	2	Flat
£1,250	09/25	0.08 mi	0135L Chesser Crescent, Edinburgh, EH14 1SE	2	Flat
£1,360	12/24	0.09 mi	-	2	Flat
£1,450	11/25	0.09 mi	-	2	Flat
£1,525	07/25	0.1 mi	-	2	Flat
£1,500	07/25	0.1 mi	Chesser Crescent, Edinburgh, EH14	2	Flat
£1,525	08/25	0.1 mi	Chesser Crescent, Edinburgh, EH14	2	Flat
£1,290	10/25	0.1 mi	-	2	Flat
£1,290	10/25	0.1 mi	New Mart Place, Edinburgh, EH14	2	Flat
£1,450	06/25	0.1 mi	New Mart Place, Chesser, Edinburgh, EH14	2	Flat
£1,600	09/25	0.1 mi	Lanark Road, Water of Leith Apartme, Kingsknowe, Edinburgh, EH14	2	Flat
£1,500	07/25	0.12 mi	Chesser Crescent, Edinburgh	2	Flat
£1,700	12/24	0.14 mi	-	2	Terraced House
£1,250	07/25	0.14 mi	38, Chesser Avenue, Edinburgh, EH14 1ST	2	Flat
£950	08/25	0.14 mi	Chesser Avenue, EH14	2	Flat
£1,200	09/25	0.16 mi	Hutchison Avenue, Edinburgh, Midlothian, EH14	2	Flat
£1,450	07/25	0.16 mi	2505L – New Mart Square, Edinburgh, EH14 1TJ	2	Flat
£1,100	03/24	0.17 mi	New Mart Square, Chesser, Edinburgh, EH14	2	Flat
£1,400	07/25	0.17 mi	New Mart Square, Chesser, Edinburgh, EH14	2	Flat
£1,400	09/25	0.17 mi	New Mart Square, Chesser, Edinburgh, EH14	2	Flat
£795	08/25	0.17 mi	Hutchison Loan, Slateford, Edinburgh	2	Room
£1,280	03/24	0.18 mi	Laichpark Road, Edinburgh, EH14	2	Flat
£1,295	04/25	0.18 mi	-	2	Flat
£1,250	10/25	0.19 mi	Hutchison Gardens, Edinburgh, Midlothian	2	Flat
£1,200	05/25	0.2 mi	Hutchison Medway, Chesser, Edinburgh, EH14	2	Flat
£1,350	07/25	0.22 mi	Hutchison Place, Edinburgh, Midlothian, EH14	2	Flat
£1,500	06/25	0.22 mi	New Mart Gardens, Edinburgh, Midlothian	2	Flat
£1,500	03/25	0.22 mi	-	2	Flat
£1,650	06/25	0.22 mi	-	2	Flat
£1,395	07/25	0.23 mi	New Mart Gardens, Edinburgh, EH14	2	Flat
£1,495	09/25	0.23 mi	Hutchison Cottages, Slateford, Edinburgh, EH14	2	Flat
£1,200	03/25	0.23 mi	-	2	Flat
£1,450	06/25	0.24 mi	Gorgie Road, Edinburgh, Midlothian, EH11	2	Flat
£950	08/25	0.24 mi	Hutchison Avenue, Chesser, Edinburgh, EH14	2	Flat
£1,300	10/25	0.25 mi	Hutchison Road, Slateford, Edinburgh, EH14	2	Flat
£1,450	06/25	0.25 mi	Gorgie Road, Edinburgh, Midlothian, EH11	2	Flat
£1,450	07/25	0.25 mi	Gorgie Road, Edinburgh, Midlothian, EH11	2	Flat
£1,500	07/25	0.25 mi	Gorgie Road, Edinburgh, Midlothian	2	Flat
£1,475	04/25	0.25 mi	Gorgie Road, Edinburgh, EH11	2	Flat
£1,395	06/25	0.25 mi	Gorgie Road, Edinburgh, EH11	2	Flat
£1,425	06/25	0.25 mi	Gorgie Road, Chesser, Edinburgh, EH11	2	Flat
£1,450	08/25	0.25 mi	Gorgie Road, Edinburgh, Midlothian, EH11	2	Flat
£720	08/25	0.27 mi	Elfin Square, Edinburgh, EH11	2	Flat
£995	08/25	0.27 mi	Embankment West, 5 Elfin Square, ,	2	Flat
£1,395	11/25	0.27 mi	- Embankment West - Elfin Square, Edinburgh, EH11	2	Flat

Local Area Statistics


Rental demand	Balanced marketBalanced market
Rental growth (12m)	+4%+4%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £210,000

March 14, 2025

Floor Plans

Description

CLOSING DATE TUESDAY 25TH MARCH AT 12 NOON.
A superb first floor flat with residents parking which is well presented throughout and ideally located in popular modern development, which is within walking distance of excellent local amenities. The property provides bright and well proportioned accommodation over one floor and in brief accommodation comprises; secure well maintained shared entrance; hall with useful study/box room which provides excellent storage; spacious sitting room/dining room with modem open plan fitted kitchen, which is ideal for entertaining; principal bedroom with en-suite bathroom and built-in wardrobes; second well proportioned double bedroom with built-in wardrobe and modern shower room. The property is well presented throughout and benefits from gas central heating, double glazing, and residents parking.
Factors are Myreside Management, approximately £100pcm.
An early viewing is highly recommended.

Viewing by appt contact Lindsays

EPC B
Council Tax Band D

Agent Details

Lindsays, Edinburgh

0131 381 1924

Next Steps?

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