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£799,000 Fixed Price
Bedrooms
Bathrooms
97 (Flat 3) South Oswald Road is a beautifully presented second (top) floor apartment forming part of a handsome development of a magnificent traditional detached house, with modern extensions, situated in the highly desirable The Grange district of Edinburgh. This spacious property offers lovely views to Blackford Hill and The Pentlands; well proportioned rooms, a flood of natural light, lift access and allocated parking in the secure gated residents car parking area.
The property is entered off a well kept carpeted shared entrance hall with secure entry and passenger lift. The accommodation comprises - a welcoming reception hall with good storage and glazed cupolas providing natural light; a large and bright south-facing sitting room providing stunning views of Blackford Hill and with a feature fireplace; quality fitted open plan kitchen/dining room with integrated appliances; generously sized master bedroom with walk-in wardrobe/dressing room and en-suite bathroom off; second double bedroom with built-in wardrobes and en-suite shower room; bedroom 3/home office and cloakroom/WC.
Gardens
There is access to a sunny shared garden to the rear of the building, mainly laid to lawn and with mature trees and bushes providing a measure of privacy and seclusion.
Parking
An allocated parking space forms part of the secure gated private residents car parking area to the front. In addition, unrestricted on-street parking is available on South Oswald Road itself.
School Catchments
The property falls within the catchment area for Canaan Lane Primary School (P1-P3 Pupils Only), James Gillespies Primary (P4-P7 Pupils Only) and High School, St Peters RC Primary and St Thomas of Aquins High School. Additionally, it is conveniently located near George Watsons College, Napier University and the University of Edinburgh.
Location
The Grange is one of Edinburghs most prestigious residential areas and this property benefits from its prime location as well as the nearby amenities of Morningside. Healthcare facilities such as the Royal Edinburgh Hospital and the Astley Ainslie Hospital are easily accessible. For shopping, residents can enjoy a variety of local shops in Marchmont, including a delicatessen, wine shop, fruit and vegetable store, chemist and supermarket, along with banks and cafes. Nearby Morningside Road offers even more shopping options, including a Waitrose Supermarket, M&S Simply Food and Sainsburys Local. Additionally, there is a larger Sainsburys Supermarket at the Cameron Toll Shopping Centre. Outdoor enthusiasts will appreciate the proximity to Blackford Pond and Hill, the Hermitage of Braid and the Braid Hills, which provide pleasant walking opportunities. Other nearby amenities include Morningside Library, the Dominion Cinema and the Church Hill Theatre.
Services, Fixtures and Fittings
The property benefits from gas central heating, double glazing, a secure entry system and passenger lift.
The development is factored and managed by Hacking & Paterson and a monthly levy of approximately 325 covers garden maintenance, lift maintenance, cleaning of the common stair and block buildings insurance.
The blinds, window shutters and light fittings are included in the sale price, as are the integrated kitchen appliances.
Viewing
Initially via the 360 Virtual Tour, physical viewings by appointment only with Truscott Property.
Council Tax Band G
EPC Rating B
Tenure - Freehold
Map location is not available for this property.
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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