Compass Estates says ..

Property Oracle says ..

This two-bedroom flat on Merchiston Avenue, Edinburgh, presents a mixed investment proposition. The property is situated in a highly desirable and sought-after area, Morningside, renowned for its attractive residential character and relatively convenient proximity to Haymarket train station. This advantageous location is a strong positive aspect. However, the property is in need of substantial modernisation and renovation. The photographs clearly indicate extensive work is needed in the kitchen and throughout several rooms, which will significantly increase the overall cost of acquisition. Although the provided bathroom appears to be in better condition, extensive work to the whole property is needed before it can be considered habitable. The absence of details regarding plot size confirms that this is a flat with no associated land or garden. While the £255,000 price tag might initially seem reasonable considering the location, the necessary renovations must be factored in, potentially altering the perceived value and requiring a more detailed cost assessment to determine its overall financial viability for potential buyers. Further investigation into the specific condition and the costs of required repairs is strongly advised before any purchase is considered. Potential buyers should seek professional surveyor’s assessments to fully understand the overall costs before committing to purchase.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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