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Claremont House, 130 East Claremont Street, Edinburgh
£298,000 Offers over
Bedrooms
Bathrooms
Reception
McEwan Fraser is delighted to present this highly desirable upper ground floor apartment. The apartment is accessible step free while being set back and raised above street level, and makes for an ideal buy-to-let opportunity or a city centre residence while being well located within the prestigious Quartermile development in the heart of the Lauriston area of Edinburgh. Internally the property is in immaculate decorative order.The open plan lounge/kitchen/diner benefits from Siemans appliances - integrated hob, oven, extractor hood, microwave, dishwasher, fridge/freezer, splash back panelling, vertical radiator as well as feature floor-to-ceiling windows providing abundant natural light. The double bedroom has a further vertical radiator and large double built-in wardrobes while the modern bathroom boasts contemporary tiling and a white Villeroy & Boch three piece suite with shower over bath. There is a generous storage room, with a washer/drier. This property also benefits from, concierge, secure door entry system, gas central heating, full double glazing, own parking space in the secure underground car park and there is also more than adequate on-street metered parking. Viewing of this property is highly recommended.
By appointment through McEwan Fraser Legal on 0131 524 9797
McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
Claremont House, 130 East Claremont Street, Edinburgh
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