Summary - 88A, THE LOAN, LOANHEAD EH20 9AQ
1 bed 1 bath Flat
Income-producing one-bedroom flat in Loanhead with tenant and immediate yield..
Immediate rental income: £9,600 pa (tenant in situ since Sept 2023) | 8.7% current yield
Victorian stone ground-floor flat circa 1884, character features retained
Approx 52 sq m (560 sq ft) — modest, efficient one-bedroom layout
Fully compliant for rental market; sale includes inventory, sold as seen
Gas central heating and uPVC double glazing; EPC rating C
Small enclosed garden/yard and paved forecourt; limited outdoor space
Ground-floor commercial/shop frontage limits privacy and conversion options
Located in a very deprived area with local community challenges — consider risks
A ready-made buy-to-let with tenant in situ, this ground-floor one-bedroom flat in Loanhead delivers immediate income and a strong listed yield. The property occupies a traditional Victorian stone building (c.1884) and is offered fully compliant for rental use with gas central heating and uPVC double glazing. Annual rent of £9,600 reflects an 8.7% yield against the asking price, making it attractive to investors seeking cashflow from day one.
Accommodation is modest but practical at approximately 52 sq m, comprising entrance hall, living room, kitchen, double bedroom and bathroom. The sale includes existing inventory and the tenancy started September 2023, so the income stream continues without interruption. EPC C indicates reasonable energy performance for a period property; broadband is average and mobile signal is excellent for connectivity.
Buyers should note material drawbacks: the property sits in an area classed as very deprived with local community challenges, and the building has a ground-floor commercial/shop frontage which limits privacy and may affect future residential conversions without consent. The internal space and garden/yard are small, typical of a town-centre conversion, and the flat is sold as seen — any redecoration or upgrades will be the buyer’s responsibility. These factors are important when assessing long-term capital growth versus immediate yield.
Overall this is a straightforward, income-producing investment aimed at investors prioritising yield and occupancy over immediate refurbishment upside. It suits purchasers who want a low-management entry into the Midlothian rental market with solid commuter links into Edinburgh and steady local rental demand.
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