Flat 21, 5 Simpson Loan, Edinburgh, City Of Edinburgh

Description

Impressive two bedroom tenanted apartment boasting stunning views and a desirable position within Edinburgh’s prestigious Quartermile development. The property is being offered as a tenanted investment and currently generates an attractive rental income of £2,575 per calendar month, equating to £30,900 per annum. Offered fully furnished at more than 20% below the market value, this is an excellent opportunity to acquire a ready-made investment in one of Edinburgh’s most sought-after developments.

Accommodation

Spacious and light-filled accommodation comprising an impressive open-plan kitchen, living and dining area featuring floor-to-ceiling windows overlooking The Meadows, a modern fitted kitchen with integrated Siemens appliances, two well-proportioned double bedrooms, a master bedroom with ensuite shower room, and a further bathroom. Both bedrooms benefit from fitted wardrobes and carpeting. The property is offered fully furnished.

Location

Quartermile is ideally positioned on the edge of The Meadows, just off Lauriston Place and within easy walking distance of Edinburgh city centre, the University of Edinburgh and the city’s financial and business districts. The property enjoys an exceptional range of amenities on its doorstep, including cafés, restaurants, a 24-hour gym, Starbucks and a Sainsbury’s supermarket, while the surrounding area offers an outstanding choice of independent shops, bars and restaurants. Many of Edinburgh’s renowned attractions are also within easy walking distance, including the historic Old Town, Grassmarket, Edinburgh Castle, George Street and the fashionable West End, together with the Traverse Theatre, Lyceum, Usher Hall and Cameo cinema. Excellent public transport links provide convenient access to the wider city and beyond, with Waverley railway station and Edinburgh’s extensive bus network readily accessible, while major road connections are also within easy reach.

Tenure / Property Information

Investment Analysis

The description claims the property is more than 20% below market value, implying a market value above £593,750 based on the £475,000 guide. However, no sold comparables or formal valuation evidence are supplied, so GDV is not adopted.

Investment Snapshot

Strategy Recommendation

Consider as a hold-to-let investment only, subject to legal-pack review, tenancy verification and independent valuation.

Works Required

No refurbishment works are evidenced. The property is described as furnished, tenanted and in modern condition.

Rental & Market Context

Potential BRRR Position

The property has immediate rental income and no evidenced refurbishment requirement. A refinance assessment cannot be quantified because no supported GDV or lending terms are provided.

Buy-to-Let Analysis

At the guide price, the stated rent of £2,575 pcm produces £30,900 annually and a gross yield of 6.51%. Including the known 3.6% administration charge, the gross yield is approximately 6.28%. Net yield cannot be established because operating costs, management, insurance and other fees are not supplied.

Flip Analysis

A flip assessment cannot be reliably quantified. The marketing claim of more than 20% below market value is unsupported by comparables or a formal valuation, and no selling-cost allowance is supplied.

Investor Risks & Due Diligence

• Market value claim is unsupported by supplied comparable or valuation evidence.

• Additional search, legal, transfer and seller-cost charges are unspecified.

• Gross yield is before management, maintenance, insurance, tax and other operating costs.

• Tenancy terms, deposit, arrears position and lease documentation are not supplied.

• Council Tax Band G and property-specific running costs may affect net returns.

Recommendation

Consider as a hold-to-let investment only, subject to legal-pack review, tenancy verification and independent valuation.

Strategy Rating

Analysis Confidence

Current rent, guide price, tenure, occupancy and known administration charge are supplied, but there are no comparables, formal valuation, operating costs, tenancy terms or complete fee schedule.