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45i Promenade, Fisherrow, Musselburgh, EH21 6JU

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£95,000

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Guide Price

£95,000

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Apartment

Residential

Vacant

45i Promenade, Fisherrow, Musselburgh, EH21 6JU

1

bed

1

bath

1

reception

Council tax: B

freehold

Rare Residential Opportunity

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Description

  • PRIME NEW LISTING. We are excited to present this vacant one-bedroom flat located within a prime location in Musselburgh.

  • **41d Promenade, Fisherrow, Musselburgh EH21 6JU sold for £157,000 in 2023** **40 Promenade, Fisherrow, Musselburgh EH21 6JU sold for £178,000 in 2023** **41f Promenade, Fisherrow, Musselburgh EH21 6JU sold for £170,000 in 2023**

  • This property is being offered at a massive discount from the home report valuation of £150,000, making it perfect for utilising the BRRR Strategy. Ideal for the savvy investor seeking capital growth and significant rental income potential.

  • With required renovations, this flat presents an opportunity to unlock its full potential. If used as a buy-to-let, it could generate £850 to £900 per month (£10,200 - £10,800 per annum), offering a remarkable 11% - 12% yield.

  • This could be an excellent purchase for professionals or students aiming to get on the property ladder. A unique project for first-time buyers to acquire now and profit from later. Don't miss this rare opportunity.

PRIME NEW LISTING. We are excited to present this vacant one-bedroom flat located within a prime location in Musselburgh.

The property comprises a welcoming entrance hallway, an open-plan living room and well-equipped kitchen, a spacious bedroom, and a modern shower room.

This property is being offered at a massive discount from the home report valuation of £150,000, making it perfect for utilising the BRRR Strategy. Ideal for the savvy investor seeking capital growth and significant rental income potential.

With required renovations, this flat presents an opportunity to unlock its full potential. If used as a buy-to-let, it could generate £850 to £900 per month (£10,200 - £10,800 per annum), offering a remarkable 11% - 12% yield.

This could be an excellent purchase for professionals or students aiming to get on the property ladder. A unique project for first-time buyers to acquire now and profit from later. Don't miss this rare opportunity.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**41d Promenade, Fisherrow, Musselburgh EH21 6JU sold for £157,000 in 2023** **40 Promenade, Fisherrow, Musselburgh EH21 6JU sold for £178,000 in 2023** **41f Promenade, Fisherrow, Musselburgh EH21 6JU sold for £170,000 in 2023**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

This property is offered at a fantastic price to ensure an auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Location

Musselburgh is a charming coastal town just outside Edinburgh, known for its historic attractions, scenic waterfront, and vibrant community vibe. With excellent transport links and local amenities, it is a sought-after area for both investors and homeowners alike.

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Deposit & Fee Calculator

10%, minimum deposit £5,000

3% subject to a minimum of £5,000 plus VAT

Total payable today if offer accepted (deposit + fee)

£15,500

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.