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£320,000 Offers over
Bedrooms
Bathrooms
A rarely available three bedroom duplex apartment forming part of a bespoke conversion of a former school building in the picturesque village of Lasswade. This unique home offers generous proportions, wonderful natural light, and stunning views over the River North Esk and surrounding countryside. Set within beautifully maintained communal gardens with allocated and visitor parking, the property combines a peaceful setting with excellent commuter links and village amenities.
The accommodation comprises, on the first floor - a secure communal entrance and welcoming shared hallway; a private entrance vestibule with storage cupboard; hall with understair cupboard and cloakroom with wc and wash hand basin; bright and spacious sitting room with wood burning stove and triple front-facing windows offering exceptional open views and an abundance of natural light; kitchen/dining room with electric hob, oven, extractor, and a range of included free-standing appliances.
On the second floor - landing with Cabrio Velux balcony window, a walk-in store cupboard, and hatch access to a floored loft with Ramsay ladder offering ample storage and the potential to convert, subject to the necessary consents; double bedroom 1 with built in wardrobes and a front-facing window with views; double bedroom 2 includes a side-facing Velux window; double bedroom 3 also features a Velux window and space for a desk or dressing area; a well-appointed bathroom offers a three-piece suite with bath with shower over, integrated laundry area with washing machine, and vanity storage.
Location
Lasswade is a highly desirable village in Midlothian, offering a peaceful setting within easy reach of Edinburgh and surrounding areas. The village enjoys a range of local amenities including cafs, restaurants, traditional pubs, and convenience shopping, as well as scenic walks and cycle routes through beautiful countryside. Regular Lothian bus service 31 connects Lasswade to Edinburgh city centre and nearby towns, while Eskbank train station just a short drive away provides a swift and direct rail link to Edinburgh Waverley and the Borders. The City Bypass is also easily accessible, making this an ideal location for commuters.
Garden
The property is set within generous communal gardens, elevated to take full advantage of the tranquil setting and far-reaching views across Lasswade. Mature trees provide dappled shade and a sense of privacy, while open grassy areas offer space for relaxation and informal recreation. There are thoughtfully positioned seating areas ideal for enjoying the surroundings, and a woodland-style play swing adding a charming, family-friendly touch. The grounds are well maintained and shared by the exclusive development of converted properties, creating a peaceful, semi-rural atmosphere just minutes from local amenities.
Parking
There is an allocated parking space and ample visitor spaces.
Services
The property benefits from a combination of single and double glazing with electric storage heating.
There is a Residents Association with a charge of approximately 60 per month for maintenance of the communal areas and a contribution to the sinking fund.
Fixtures and Fittings
The sale includes fitted floor coverings, light fittings, blinds where fitted, all integrated appliances, and remaining white goods. No warranties are provided for appliances and they are sold as seen.
Viewing
Initially via the 360 Virtual Tour, physical viewings by appointment only with Truscott property.
Tenure Freehold
Council Tax Band E
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.
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