6A (2F4) Picardy Place, New Town... 1 bed flat for sale

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6A (2F4) Picardy Place, New Town... 1 bed flat for sale

6A (2F4) Picardy Place, New Town, Edinburgh, EH1
£122,500

Price History

Initial price £130,000
29/05/25 £125,000
05/09/25 £122,500
Price Change -5.77%

Description

This is a unique opportunity for cash buyers to purchase a second-floor studio apartment in Edinburgh's historic New Town. The property offers unrestricted views of the Firth of Forth and has been previously rented out on the long-term market, achieving £800 PCM. With estimated current rental value between £825-£850 PCM, this property provides a potential 8% return on investment. The apartment is located in a traditional tenement with a communal stairwell and has the benefit of electric heating and on-street permit parking. The property is situated in the heart of the city, with all amenities on the doorstep, including restaurants, bars, and cultural attractions. The area is also home to excellent public transport links, including buses, trams, and national rail travel. The property is being sold as seen, with no warranties or guarantees provided, making it an ideal investment opportunity for cash buyers.