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£475,000 Offers over
Bedrooms
Bathrooms
3 Springvalley Gardens is an outstanding three double bedroom main door flat forming part of a traditional tenement building in the highly sought after residential area of Morningside. This lovely home benefits from a small private front garden and a well maintained South facing communal rear garden, excellent storage, stunning traditional features, and generous room sizes.
Recently upgraded to a very high standard, the well appointed accommodation comprises - entrance vestibule; hall with box room/study off, cloakroom with wc and wash hand basin and a storage cupboard; sitting room with beautiful bay window and traditional features; modern kitchen/dining room with direct access to the private rear garden; double bedroom 1 with extensive fitted wardrobes; double bedroom two; double bedroom 3; family bathroom fitted with bath and shower above, wc and wash hand basin.
Garden
The property benefits from access to a beautifully maintained South facing communal rear garden, offering a peaceful and private retreat in the heart of Morningside. The landscaped space features a generous central lawn bordered by mature planting, colourful flowerbeds, and established shrubs. A charming painted summerhouse provides excellent storage or potential for relaxation and hobbies. Stone pathways meander through the garden, enhancing accessibility and adding character. Enclosed by traditional stone boundary walls and sheltered by leafy trees, this inviting space is ideal for residents to enjoy the outdoors in a quiet, shared setting.
Parking
There is zoned residents and metered visitors parking on Springvalley Gardens and surrounding streets.
Services, Fixtures and Fittings
The property benefits from gas central heating.
All light fittings, curtains and blinds are included in the sale price as are the integrated kitchen appliances.
School Catchments
This property is in the catchment area for Bruntsfield Primary School and Boroughmuir High School. In addition it is just a short walk toGeorge Watsons College.
Viewing
Initially via the 360 Virtual Tour, physical viewings by appointment via Truscott Property.
Council Tax Band D
Tenure Freehold
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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