1 bed flat for sale

31 Mertoun Place, Edinburgh, City Of Edinburgh EH11

This property is being sold by livestream auction at 2PM on Thursday 24th September.
You can bid online, by telephone or by proxy. You must register to bid before 12.00 noon on Thursday 24th September.

How to register: Visit , uk/Scotland. Scroll down and click “Register to bid”. This will take you to Passport by eig, which is where we livestream our auctions. To create an account, click “sign up” and fill in all required details. You will receive an email once your registration is approved. If you need help registering to bid, please call the office.
To bid online on auction day: Log back in before 2pm on auction day, navigate to the lot you are interested in and click “bid now”.

Ground floor one bedroom flat

Within the highly desirable Polwarth area of Edinburgh, this ground floor, self-contained one-bedroom flat at Merton Place presents an excellent opportunity for an investor looking for a renovation project in a sought-after location.

Requiring full modernisation throughout, the property offers tremendous scope to fully upgrade to an attractive one bedroom flat, with the potential opportunity to convert into a two bedroom property, subject to obtaining the relevant consent. The property benefits from direct access from the kitchen to a spacious shared rear garden, perfect for enjoying outdoor space.

Once refurbished to a high standard, the property is estimated to achieve a rental income of approximately £1,000 per calendar month £12,000 per annum as a one bedroom flat, or around £1,250 per calendar month £15,000 per annum if successfully converted into a two bedroom home, making this an attractive buy-to-let or resale opportunity. Council Tax Band D.

Polwarth is one of Edinburgh's most desirable residential neighbourhoods, a mostly residential area boasting Victorian architecture, leafy streets and excellent proximity to the city centre. Residents enjoy an excellent selection of local amenities including independent cafés, restaurants, convenience stores and supermarkets, while nearby Bruntsfield, Morningside and Fountain Park offer an even wider range of shopping, leisure and entertainment options. Outdoor enthusiasts will appreciate the picturesque Union Canal walkway and the nearby Harrison Park, providing attractive green spaces for walking, running and cycling. Edinburgh Napier University Merchiston Campus is walking distance. The area is exceptionally well connected, with frequent bus services providing quick access to Edinburgh City Centre.
Purchasers notes

Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.

• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.

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