2 Bed Flat For Sale

Tenanted two bedroom buy-to-let investment located in the popular Midlothian town of Gorebridge. This well-proportioned upper villa flat presents an excellent buy-to-let investment opportunity, with tenants in situ providing immediate rental income. Set within a traditional two-storey block dating from the 1930s, the property comprises an entrance hall, spacious livingroom, kitchen, 2 bedrooms and bathroom. The property benefits from having gas central heating, double glazing, a garden, and being fully compliant for the rental market. 

This buy-to-let investment is being sold with tenants in situ, ensuring rental income from day one. The tenant has been in residence since May 2023, generating an annual rental income of £10,496.04, offering an immediate yield of 7.7%. A rent increase notice has been served on the tenant with a new rental of £950pm due to start on 1st September 2025 - increasing the yield to 8.4%. The property is let unfurnished and sold as seen. The Home Report value is £140K.

Gorebridge is a village in Midlothian, approximately 10 miles from Edinburgh. Its property market is characterised by its strategic location near Edinburgh, ongoing development projects, and a strong rental demand. These factors contribute to its attractiveness for both homebuyers and investors.