1 bedroom apartment for sale

£325,000 Offers over

1

Bedrooms

1

Bathrooms

Floorplan

15/3 Comely Bank Place is a beautifully presented first floor flat with sitting room, open plan kitchen/dining room, double bedroom, and bathroom. Ideally located near Stockbridges shops, cafs, and restaurants, with access to a shared garden.

PROPERTY DETAILS

15/3 Comely Bank Place is a stylish first floor flat in a traditional tenement, featuring a bright bay-windowed sitting room with gas fire, open plan kitchen/dining room, double bedroom, and modern bathroom. Ideally located near Stockbridges shops and cafs, it also offers a shared garden, gas central heating, and double glazing.

15/3 Comely Bank Place is a beautifully presented first floor flat with attractive period features, in a traditional handsome tenement within the highly desirable location of Comely Bank. The property is ideally placed to access a variety of amenities including independent shops and boutiques, artisan food stores and a fantastic selection of cafs, restaurants and pubs in nearby Stockbridge.

The accommodation comprises of a bright and airy, bay-windowed sitting room which offers a gas fire and a large box room. An open plan stylish kitchen / dining room, a large double bedroom with fitted wardrobes and a contemporary bathroom with shower over bath.

There is a neatly maintained, shared garden to the rear and on-street metered and residents parking in the area. The property is fully double glazed and has gas central heating.

ACCOMMODATION COMPRISES:

Reception Hallway, Sitting Room, Dining Kitchen, Double Bedroom, Bathroom, Box Room, Ample Storage.
Outside - Communal Garden Grounds.

George Street 1 mile, West End 1 miles, Inverleith Park 150m, Waverly Train Station 1.5 miles, Edinburgh Airport 8 miles.
(All distances are approximate)

AREA INSIGHTS

A pleasant stroll from the city centre, Comely Bank is conveniently nestled between vibrant Stockbridge and the residential area of Craigleith. There is a fantastic choice of local amenities on its doorstep including, boutiques, galleries, independent shops, butchers, fishmongers and well renowned cheesemongers. The weekly Sunday Stockbridge market is popular with many in the city, as are the local bars and eateries. The stunning Royal Botanic Garden and Inverleith Park are a pleasant walk away as is the picturesque Water of Leith. Other recreational pursuits include Glenogle Swim Centre, and the historic Grange Sports Club offering tennis, cricket, squash and hockey.

Everyday shopping needs are well-catered for by a large Waitrose in Comely Bank along with Craigleith Retail Park which offers more extensive shopping with a wide variety of retail stores including a large Sainsburys supermarket and Marks and Spencer.

Whilst highly accessible by foot, the area is well-served by regular bus services to the City Centre, Waverley & Haymarket Train Stations, Edinburgh Bus Station, and the tram link to Edinburgh International Airport.


GENERAL REMARKS

Services:
Mains water, drainage, gas, and electricity.
High speed broadband services are available.

Fixtures and Fittings:
All fitted carpets, curtain poles, blinds, light fittings and integrated appliances form part of the sale.

Listing and Conservation:
15/3 Comely Bank Place is not a listed building or in a conservation area.



Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 270825

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 8125
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 27075
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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