21/9 East Crosscauseway, Edinburgh, City Of Edinburgh

Description

Central Edinburgh renovation opportunity. The property has been empty for a considerable period. A pigeon infestation and a broken window have been reported. Auction House Scotland has not inspected the interior, and the accommodation, layout, condition of services and extent of damage have not been verified. The property will require a full programme of works and upgrading. The pigeons have now been removed and the property is secure. There is no home report due to condition and no internal viewings.

Accommodation

Flat with 2 bedrooms. Accommodation and layout have not been verified. The property requires a full programme of works and upgrading.

Location

East Crosscauseway is situated in the Newington area, within easy reach of the University of Edinburgh’s central campus, the Old Town, the city centre, independent cafés, restaurants, bars, everyday shops, The Meadows and Holyrood Park. Regular bus services along nearby Nicolson Street provide connections across the city.

Tenure / Property Information

Investment Analysis

No completed sales, formal valuation or verified internal inspection is supplied. The £100,000 guide price cannot be tested against evidence. GDV and refurbishment cost cannot be reliably estimated.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence. Obtain and review the legal pack and secure a full internal inspection and contractor budget before setting a maximum bid.

Works Required

Full programme of works and upgrading, subject to internal inspection. Potential pigeon-related cleaning or damage, broken-window repair and investigation of accommodation, layout and services are supported by the description; the full scope remains unverified.

Rental & Market Context

Potential BRRR Position

Not currently underwritable. The property is vacant and requires substantial upgrading, but internal condition, services, works cost and GDV are unverified. The known minimum buyer administration charge is £3,600 on the £100,000 guide price, before other possible costs.

Buy-to-Let Analysis

BTL yield cannot be established. The only rental evidence is an advertised £1,800 pcm asking rent for houses on Buccleuch Street, which is not confirmed as comparable to this vacant two-bedroom flat. Works and total costs are also unknown.

Flip Analysis

Flip feasibility cannot be calculated because there are no completed sales, verified condition, refurbishment budget or supported GDV. Any resale analysis would be speculative.

Investor Risks & Due Diligence

• Interior condition and extent of damage are unverified.

• Accommodation and layout have not been verified.

• Condition of services is unknown.

• The property has been empty for a considerable period.

• Pigeon infestation and a broken window have been reported.

• No home report or internal viewing is available.

• Other search, seller, legal, transfer and disbursement costs may apply.

Recommendation

Do not bid on current evidence. Obtain and review the legal pack and secure a full internal inspection and contractor budget before setting a maximum bid.

Strategy Rating

Analysis Confidence

No internal inspection, home report, completed comparables, verified layout, services information, refurbishment budget or directly comparable rental evidence is supplied.