1 bedroom flat for sale

A fantastic opportunity to acquire a tenanted buy-to-let investment property in the popular Midlothian town of Loanhead. Situated on the ground floor of a traditional stone-built property dating back to circa 1884, the flat extends to approximately 52 sq m. The well-proportioned accommodation comprises an entrance hall, living room, kitchen, double bedroom, and bathroom with WC. The property benefits from having gas-fired central heating system, uPVC double glazed windows, and being fully compliant for the rental market. The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant, and the tenant has been resident since September 2023, providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £9,600, which represents an immediate yield of 8.7%. The property is sold as seen, and the sale price includes all the inventory items. The Home Report value is £115K.Loanhead is a thriving commuter town just south of Edinburgh, well connected by excellent transport links and benefitting from strong local amenities, schools, and retail parks. Rental demand in the area remains steady, with tenants attracted by affordability and convenience. This property offers investors a ready-made opportunity with secure income from day one.