1. Edinburgh, West Preston Street, EH8 9PX
Your property info:
Secure Main door Entry
4 double bedrooms
Bathroom
Kitchen
Living Room
Walking distance to universities
100% Occupancy achieved in area
Traditional Features
Sought after student location
Excellent amenities
Key investment facts
Bedrooms: 4
Size: 130m2
Value when renovated: £415,000 *
Rent pcm: £2240
Yield: %
Purchase price: £375,000
Current Value: £375,000 *
Renovations: £42,915
* RICS Survey available
City facts: Pop: 485,000 , 58,160 Students
Edinburgh is the capital city of Scotland, and it’s Europe’s third largest financial centre. It’s a world heritage city, and hosts many festivals, including the Edinburgh Festival and Fringe.
Area Info: This property is in the hugely popular area of Newington, about 2 miles South of Edinburgh City Centre. Given its proximity to both the Edinburgh and Napier University campuses there is consistently high demand for student lets in this area. The area boasts a wide range of amenities including a number of big brand supermarkets along the road. There are numerous green spaces, with The Meadows, Holyrood Park and Arthurs Seat on its door step.
What makes this a great buy:
This is a fantastic opportunity to purchase a strong performing existing HMO 4 bedroom property in the highly sought after area of Newington.
Traditionally, the area has proven to be very popular with students from both Edinburgh and Napier University with GP management currently achieving 100% occupancy rates in this area. This is largely due to the ease of accessibility and the numerous amenities on offer. Fully let as an HMO, the property will achieve a healthy 6.4% yield.
LOCATION YIELD VALUE
Click for video of renovated Aspen Spec

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Renovations Summary
Property description
The property boasts generous proportions throughout with a total floor size of 130m2. Accessed via a main door, the property is located on the ground floor of a traditional Victorian style tenement. All 4 double bedrooms are of good size and are accessed off the hallway.
To the front of the property is a large living room which benefits from stunning ornate cornicing as well as beautiful double windows which provide ample light into the space. On the lower ground floor there is a 3 piece bathroom suite including heated towel radiator and chrome mixer taps. +
New Kitchen
New Bathroom
New Central Heating
Upgraded Wiring
New Flooring
Decoration
Architect Plans
Building Consents
Specialist Works
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Your renovations explained.
We renovate properties to improve their value and to increase the rent and yield. We carry out renovations in an 8 week period, for a fixed price. We therefore combine a traditional property with a new interior.
Colton Hill
Important Safety Notices
To comply with current UK Law + EU Regulations, we will install all safety and compliance features for only £2,945 (incl vat). As this is done at the time of renovation, it minimises the cost and maximises the yield.
The student season in already underway in Edinburgh, therefore we will commence marketing the property on settlement. We will advertise as available for academic year 2018/2019 at full capacity at the original target rent.
Assumes average capital appreciation of 7% pa,
which is in line with the 33 year average