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Edinburgh

26 Moray Place

26 Moray Place was a property which we helped source for a landlord who was looking for a high-end piece of real estate at a blue-chip Edinburgh address. This investor was clear that, although long term capital growth was his main priority, he also wanted the property to “wash its face” in terms of a rental yield. The property needed some modernisation to fully maximise its rental potential. We project managed some light maintenance/kitchen upgrades, painted the property throughout and installed a contemporary furniture package to perfectly compliment the traditional periodic features. The property is currently achieving £2,250 pcm on a long-term basis.

Bedrooms | Bathrooms
Purchase Price £702,000
ADS £28,080
LBTT £43,500
Refurbishment £5,000
Furniture Package £10,400
Total Cost £788,980
Rent per month £2,250
Rent per annum £27,000
Gross Yield 3.42%
Capital Value £800,000

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