Balcarres Street, Edinburgh, EH10
PO

Balcarres Street, Edinburgh, EH10

By Portolio

£ 244,995

Reviews

2 out of 5 stars

Portolio says ..

Tenanted 3 bedroom HMO buy-to-let investment property in Morningside, Edinburgh. Available £25K below Home Report value. 

Property Oracle says ..

This 3-bedroom flat on Balcarres Street in Edinburgh’s Morningside district is presented as a tenanted buy-to-let investment opportunity. The property is located in a desirable area, close to good transport links and local amenities, placing it in a convenient setting. Morningside is well-regarded for its residential character and established community, making it an attractive location for both owner-occupiers and investors. However, the photos show an interior that requires some updating and modernisation to increase its appeal. The property appears well-maintained structurally but shows signs of wear and tear. The rooms are presented as lived-in spaces, suggesting the need for some work. In addition to the interior, the small rear garden space appears minimal and lacks the significant outdoor space one might associate with more expensive properties in this area. The listing’s key advantage is its price point, which is mentioned as being significantly below the Home Report Value. This potentially presents a good return on investment for a buy-to-let investor who is prepared to undertake some improvements, or it provides the potential for a reasonable purchase price for a first-time buyer who’s accepting of some improvement needs.

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

Price
7
Condition
5
Location
7
Land
2
Bedrooms
3
Bathrooms
1
Sqft (est)
536.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
488,158.00 £
Decreased by 3.53 %
from 506,045.00 £
Est sale value
328,032.00 £
Increased by 62.33 %
from 202,072.00 £
Average area rental value
2,178.00 £/mo
Increased by 7.93 %
from 2,018.00 £/mo
Est letting value
1,072.00 £/mo
Increased by 100.00 %
from 536.00 £/mo
Est rental Yield
5.35 %
Increased by 11.69 %
from 4.79 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Portolio created the listing.

Nearby Schools

NameTypeOfstedDistance
Merchiston Castle SchoolOffshore Schools4.87 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
The Crescent £ 387,00000.00 KM
Dalhousie Terrace £ 000.00 KM
Cluny Avenue £ 1,222,50000.00 KM
Stable Lane £ 000.00 KM
Greenbank Avenue £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Haymarket9419HYM2.40 KM
Slateford9236SLA3.51 KM
Edinburgh9328EDB3.97 KM
Kingsknowe9217KGE5.93 KM
Wester Hailes9231WTA8.12 KM

Nearby Listings

AddressPriceTypeScoreDistance
5 Pf1, Balcarres Street, EDINBURGH, EH10 5JB £ 310,000BUY6 / 100.03 KM
7 (1F2) Balcarres Street, Morningside, Edinburgh, EH10 £ 215,000BUY4 / 100.05 KM
Belhaven Place, Morningside, Edinburgh, EH10 £ 200,000BUY7 / 100.07 KM
4/7 Belhaven Place, Morningside, Edinburgh, EH10 5JN £ 220,000BUY6 / 100.07 KM
4/12 Belhaven Place, Morningside, Edinburgh, EH10 5JN £ 270,000BUY8 / 100.07 KM