1-3, Aitchison Place, High Street, Earlston, Scottish Borders TD4 6HJ

1-3, Aitchison Place, High Street, Earlston, Scottish Borders TD4 6HJ  - TD4

For sale £169,950
12 days ago. Edwin Thompson
Full address
1-3, Aitchison Place, High Street, Earlston, Scottish Borders TD4 6HJ - TD4
Contact details
Asking price
£169,950
Property type
Leisure property for sale
Features
Car park, Communal garden, Friendly, Kitchen, Refurbished, Storage, Telephone system, Transport
NIY (%)
6.26

1-3 Aitchison Place provides an exciting buy to let opportunity within Earlston town centre. Earlston is a historic town situated in the Lauderdale Valley to the north east of the central borders, conveniently located for access to the main Borders towns. It is an attractive town reported to date back to the 1200’s and lays its claim to fame as the home of Thomas Learmonth, better known as Thomas the Rhymer. The settlement is a bustling town situated on the edge of the A68 trunk road. It has a population of approximately 1,779 according to the 2011 population census, an increase of around 4% over the population recorded in 2001. The Market Square which was laid out as a rose garden to mark the coronation of Queen Elizabeth provides a pleasant town square and centre. The town benefits from a good selection of local facilities including some independent shops, public houses, a church, reputable schools with a newly completed High School at Georgefield to the east of the town all within walking distance of the property.
The town is well placed for commuting to the main borders towns and Edinburgh.
The property comprises a terraced two storey plus attic level house which has been converted into three flats, and the building is understood to date from the late 19th Century, well located close to Earlston town centre within easy reach of all local amenities and close to public transport. No 3 has recently been refurbished and is presented in good order. No 1 is presented in reasonable condition and offers some scope for upgrading. No 2 offers scope for general upgrading and redecoration.
Externally there are communal garden grounds to the rear. No 1 has an enclosed yard to the rear with stairs to the terraced garden ground. A stone built detached garage is located beyond the communal garden.
An exciting Buy-to-Let Opportunity within the Central Borders. 1-3 Aitchison Place comprises three self contained residential flats in a traditional stone/slate building located close to Earlston town centre. This is an excellent investor opportunity currently providing an income of £10,632 per annum. This provides a potential yield of 6.26% per annum before costs.

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National rail 6.6m Tweedbank
Nearest airport 55.8m Edinburgh

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