A unique opportunity to purchase a 25% equity share, with Port of Leith Housing, of a spacious two-bedroom, ground-floor flat in an outstanding location! Enjoying a sunny, south-west aspect the property needs cosmetic updating but will appeal to a wide range of buyers; either a first-time buyer looking to get a foot onto the property ladder, downsizers, or city professionals taking advantage of the outstanding location. The city home offers a generous living/dining room, two double bedrooms, a kitchen and bathroom, plus landscaped communal gardens, and private allocated parking.
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Shared ownership is a form of low-cost home ownership that combines renting with buying. It is aimed at people who wish to own their home but are presently unable to buy outright. The purchaser owns a share of the home (25%) and then rents the remaining part from Port of Leith Housing Association. The exact amount payable to Port of Leith Housing for the 75% occupancy rent would be £296.10/pcm paid directly to Port of Leith Housing Association. The purchaser would also responsible for the full costs of contents insurance, legal fees, maintenance, factoring fees and repairs for the property. Any interested purchaser would need to submit an application to Port of Leith Housing directly to be approved as a buyer.
Accessed via a secure shared entrance, the home’s front door opens into a hallway giving access to all of the ground floor accommodation. The living room, with its box bay window, offers enough space to also accommodate seated dining and bathes in warm sunshine.
Immediately opposite of the hallway is a kitchen. Now in need of an upgrade, it comes with a generous footprint with ample space for wall and base units – a real opportunity to design and style a kitchen to your taste. The flat benefits from two spacious double bedrooms, both with fitted wardrobe space. A three-piece bathroom, with a shower-overbath, completes the accommodation.
Gas central heating and double glazing ensure comfort and efficiency.
Externally, there is a landscaped garden for communal use and private residents’ parking with allocated parking spaces.
Extras: Sold as seen.
Factor: James Gibb are the development factors with an approximate fee of £150/pcm which covers cleaning and maintenance of communal areas, as well as communal block buildings insurance.
Located just two miles northeast of the city centre, the historic and vibrant district of Leith is characterised by an eclectic mix of bars, cafés, and eateries. The area also benefits from a wealth of retail outlets, including Ocean Terminal shopping centre, which hosts a wide range of high street stores, as well as family restaurants, a 24-hour gym and a multiplex cinema.
Leith’s rich cultural scene is further enhanced by annual festivals, live music venues, galleries, and artists’ studios. The district also encompasses the Shore: a fashionable waterfront with an array of pubs and restaurants, including awardwinning restaurants. Amidst the bustle of Leith are various tranquil green spaces, such as Leith Links and Claremont Park, while Leith Victoria Swim Centre provides indoor sport and leisure facilities including a pool, fitness studios and a gym.
Edinburgh city centre is easily accessible, day and night, by bus and there is also a direct bus link to Edinburgh International Airport. Furthermore, the tramline is being extended through Leith, and when completed (due 2023), it will provide a swift route to the heart of the capital and to the airport as well. The area’s school catchment area covers early years, primary and secondary education.