A one-bedroom flat has hit the market in Edinburgh for just £30,000 - making it the cheapest home currently on the market in the capital.
With the property market currently sky high with first time buyers struggling to get on the ladder, Edinburgh is up there with the most expensive cities in the UK to buy a home.
According to Rightmove, the average house price in the capital last year was just over £300,000, meaning this property on Balfour Street costs just ten per cent of the average Edinburgh home. Also by contrast, a single garage in Learmonth Terrace Lane is currently on the market for £70,000.
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Situated in a desirable area near Leith Walk, the flat does have some drawbacks, however. As Rightmove suggests, the flat is in need of somewhat of a full makeover before it is in move-in condition.
They say: "Top floor one bedroom flat requiring full refurbishment offering an excellent opportunity to develop, located just off of Edinburgh’s Leith Walk, well located for amenities and access to Edinburgh city centre.
"The flat offers basic accommodation and will appeal to landlords/developers with a creative eye for improvement. A security controlled entrance hall leads to each of the flats in the block. A small entrance hall opens to a bedroom, and an open plan lounge/kitchen.
"The shower room/toilet is located outside the flat (see title deeds for full details), just a few steps across the communal hallway. The flat requires a full refurbishment and is priced competitively to sell."
The description also adds that the property is currently non-mortgageable so it would only suit a potential cash buyer.
Despite the requirement for change within the property, it is situated on a quiet residential street near all of the city's best amenities. It also includes both a spacious open-plan living room and kitchen, as well as a double bedroom.
In terms of the price, there are currently several parking spaces within the capital's city centre on sale for tens of thousands of pounds more than the property, making it a potential snip for any experienced property guru.
For more information and to look at the property in full, you can do so here.
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