Montague Street EH8

INVESTMENT BREAKDOWN

£300,000 PURCHASE PRICE

£365,000 RENOVATED VALUE

7.8% YIELD

£61,225 RENOVATION COSTS
£2,295 RENTAL INCOME (PCM)
3 BED (HMO)

This property was upgraded throughout and now benefits from the creation of a 3rd bedroom by moving the kitchen open plan to the lounge.

These works have improved the capital value by 22% and the rental income by 84%.

As part of the renovations, the EPC rating improved to a C rating by replacing all windows with sash and case double glazed units and also insulating the loft.

External Photo

Completed Renovation Video

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ABOUT THE PROPERTY & AREA

Located on one of the area’s quietest streets, this top floor property has stunning original features and a bright and airy outlook.

Newington is considered the student hub of the city and attracts a high demand from students attending three campuses of Edinburgh Uni (George Square, The Pleasance and Kings Buildings).

The Meadows and The Queens Park are a few minutes walk from the property which offers an abundance of outdoor recreational area.

The property is accessed via a secure entry system and to the rear, there is a communal garden.