3 Bed Detached House, Refurb/BRRR, Edinburgh, EH17 8PT, £170,000

51 Moredun Dykes Road, Moredun, Edinburgh EH17 8PT - 11 views - a month ago

Refurb/BRRR
ROI: 18%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£140K - £512K

 

 

Square Metres

~93 m²

Value Estimate

£164,766

 

 

End Value (After Refurb)

£160,300

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Refurb Costs

£38,000

Bridging Loan Interest

£4,463

Total Cash In

£96,413

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£160,300

Mortgage (After Refinance)

£120,225

Mortgage LTV

75%

Cash Left In

£96,413

Equity

£40,075

Rent Range

£1,599 - £7,500

Rent Estimate

£2,445

Running Costs/mo

£1,010

Cashflow/mo

£1,435

Cashflow/yr

£17,221

ROI

18%

Gross Yield

17%

Local Sold Prices

33 sold prices from £140K to £512K, average is £260K.

PriceDateDistanceAddressBeds 
£235K09/210.14 mi39, The Spinney, Edinburgh, Midlothian EH17 7LE3
£236.6K05/210.33 mi43, East Farm Of Gilmerton, Edinburgh, Midlothian EH17 8TG3
£195K06/210.34 mi42, Gilmerton Dykes Terrace, Edinburgh, Midlothian EH17 8LU3
£200K04/210.34 mi97b, Drum Street, Edinburgh, Midlothian EH17 8RH3
£175K02/210.34 mi5, Gilmerton Dykes Place, Edinburgh, Midlothian EH17 8JH3
£302.5K11/210.36 mi254, Guardwell Crescent, Edinburgh EH17 7SJ3
£386.5K03/210.37 mi459, Gilmerton Road, Edinburgh, Midlothian EH17 7JG3
£240K03/210.43 mi110, Candlemaker's Park, Edinburgh, Midlothian EH17 8TL3
£295K04/210.45 mi13, Carnbee Crescent, Edinburgh, Midlothian EH16 6GF3
£245K05/210.46 mi14, Fernieside Place, Edinburgh, Midlothian EH17 7LF3
£512K09/210.47 mi3, Ellen's Glen Loan, Edinburgh, Midlothian EH17 7QN3
£275K10/210.49 mi161, Guardwell Crescent, Edinburgh, Midlothian EH17 7HA3
£260K07/210.49 mi72, Gilmerton Dykes Road, Edinburgh, Midlothian EH17 8PE3
£322K10/210.53 mi73, Candlemaker's Park, Edinburgh, Midlothian EH17 8TN3
£325K03/210.6 mi81, The Murrays, Edinburgh, Midlothian EH17 8UD3
£200K09/210.6 mi95, The Murrays, Edinburgh, Midlothian EH17 8UD3
£188.1K07/210.64 mi9, Moredunvale Grove, Edinburgh, Midlothian EH17 7QZ3
£195.3K10/210.64 mi23, Moredunvale Grove, Edinburgh, Midlothian EH17 7QZ3
£203.5K05/210.64 mi112, Fernieside Crescent, Edinburgh, Midlothian EH17 7DH3
£443.7K10/210.65 mi132, Burnhead Cottage, Lasswade Road, Edinburgh, Mid EH16 6QY3
£140K05/210.71 mi25a, Craigour Avenue, Edinburgh EH17 7NH3
£272K08/210.72 mi16, Greenend Drive, Edinburgh, Midlothian EH17 7QG3
£300K03/210.72 mi105, Gracemount Avenue, Edinburgh, Mid EH16 6ST3
£291.5K07/210.75 mi40, Greenend Gardens, Edinburgh, Midlothian EH17 7QF3
£261K10/210.77 mi169, The Murrays, Edinburgh, Midlothian EH17 8UN3
£236.3K02/210.77 mi129, The Murrays, Edinburgh, Mid EH17 8UN3
£225K09/210.81 mi76, Upper Craigour, Edinburgh, Midlothian EH17 7SF3
£190K04/210.83 mi7, Balmwell Grove, Edinburgh, Midlothian EH16 6HG3
£410K06/210.9 mi111, Captains Road, Edinburgh, Midlothian EH17 8DT3
£420K07/210.93 mi14, Southhouse Avenue, Edinburgh, Midlothian EH17 8EA3
£438.8K05/210.95 mi27, Little Road, Edinburgh, Midlothian EH16 6SH3
£235K03/210.96 mi57, Nellfield, Edinburgh, Midlothian EH16 6DY3
£415K07/210.98 mi11, Liberton Place, Edinburgh, Midlothian EH16 6NA3

Local Rents

14 rents from £1.6K/mo to £7.5K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,75012/230.35 mi-3
£1,75012/230.35 mi-3
£1,75012/240.35 mi-3
£7,50008/230.44 mi-3
£1,60007/230.47 mi-3
£1,60003/250.47 mi-3
£1,60004/250.47 mi-3
£2,30003/240.52 mi-3
£2,20003/240.52 mi-3
£2,20003/240.52 mi-3
£2,20003/240.52 mi-3
£2,20004/240.52 mi-3
£2,20003/240.52 miGuardwell Crescent, Edinburgh, EH173
£1,59905/240.61 mi3, Bullfinch Row, Edinburgh, EH17 8XE3

Local Area Statistics

 

 

Rental growth (12m)

-11%

Sales demand

Seller's market

Capital growth (5yrs)

+3%

Property History

Listed for £170,000

March 22, 2025

Floor Plans

Description

  • A spacious upper villa in Moredun +
  • Convenient location near amenities +
  • Private main-door entrance +
  • Bright and spacious living/dining room +
  • Southwest-facing fitted kitchen +
  • Three double bedrooms (one with storage) +
  • 3pc bathroom with overhead shower +
  • Private rear and side gardens +

51 Moredun Dykes road is a three-bedroom main-door upper villa that offers bright and airy accommodation, providing a versatile home that will appeal to first-time buyers, families, and commuting professionals alike. Now requiring a degree of modernisation and upgrading, this home has immense potential with convert into the attic space (subject to obtaining the necessary building and planning consents).

360* Virtual Video Tour Available -

Set beside a public green, the property also has a fantastic location in popular Moredun. It is situated within easy walking distance of schools, idyllic parks, bus links, and an excellent range of amenities, including large supermarkets. Furthermore, the city centre can be reached in as little as 20 minutes by car.

The property also benefits from large private gardens to the rear and to the side, with the side gardens offering a driveway for off-street private parking and there is scope for building a detached garage (subject to obtaining the necessary building and planning consents).

Property Summary:

• A spacious upper villa in Moredun

• Convenient location near amenities

• Private main-door entrance

• Bright and spacious living/dining room

• Southwest-facing fitted kitchen

• Three double bedrooms (one with storage)

• 3pc bathroom with overhead shower

• Private rear gardens

• Private garden to the side with driveway, offering private off-street parking (potential for building a garage, subject to necessary planning and building consents)

• Gas central heating and double glazing

• EPC Rating - C | Council Tax Band - B

• Home Report Value - £175,000

Extras: all fitted floor and window coverings, light fittings, integrated oven and gas hob, and an undercounter washing machine to be included in the sale.

Moredun, Edinburgh -

Located on the southern outer fringes of Edinburgh, under 4 miles from the city centre, the suburban area of Moredun enjoys a charming semi-rural setting, bordered by scenic open countryside. Well-placed for convenient access into the capital and further afield, Moredun is serviced by frequent public transport links, day and night, and lies within easy reach of the Edinburgh City Bypass.

Amenities in the local vicinity include numerous supermarkets, a minimarket, a post office, a library and the Royal Infirmary Hospital, whilst over 40 high street outlets can be found at the nearby Cameron Toll Shopping Centre. In addition to the surrounding countryside, Drum Park provides a delightful outdoor space for recreation, whilst neighbouring Liberton hosts a well-regarded golf club. Good state schools fall within Moredun’s catchment area, whilst many of the city’s outstanding independent schools are also easily accessible.

Agent Details

Ralph Sayer, Edinburgh

0131 225 5567

Next Steps?

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