1 bed flat for sale

31 Mertoun Place, Edinburgh, City Of Edinburgh EH11

Ground floor one bedroom flat

Within the highly desirable Polwarth area of Edinburgh, this ground floor, self-contained one-bedroom flat at Merton Place presents an excellent opportunity for an investor or builder looking for a renovation project in a sought-after location.

Requiring full modernisation throughout, the property offers tremendous scope to fully upgrade to an attractive one bedroom flat, with the potential opportunity to convert into a two bedroom property, subject to obtaining the relevant consent. The property benefits from direct access from the kitchen to a spacious shared rear garden, perfect for enjoying outdoor space in the summer months.

Once refurbished to a high standard, the property is estimated to achieve a rental income of approximately £1,000 per calendar month £12,000 per annum as a one bedroom flat, or around £1,250 per calendar month £15,000 per annum if successfully converted into a two bedroom home, making this an attractive buy-to-let or resale opportunity. Council Tax Band D.

Polwarth is one of Edinburgh's most desirable residential neighbourhoods, a mostly residential area boasting Victorian architecture, leafy streets and excellent proximity to the city centre. Residents enjoy an excellent selection of local amenities including independent cafés, restaurants, convenience stores and supermarkets, while nearby Bruntsfield, Morningside and Fountain Park offer an even wider range of shopping, leisure and entertainment options. Outdoor enthusiasts will appreciate the picturesque Union Canal walkway and the nearby Harrison Park, providing attractive green spaces for walking, running and cycling. Edinburgh Napier University Merchiston Campus is walking distance. The area is exceptionally well connected, with frequent bus services providing quick access to Edinburgh City Centre, Haymarket Station and the wider city, while Haymarket's rail and tram connections offer direct links across Scotland and to Edinburgh Airport, making Polwarth an ideal location.
Purchasers notes

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