Fixed Price £200,000

2 bed ground floor flat for sale in Leith

Flat 1 34 Stanwell Street, Leith, EH6 5FQ
2
2
1
ESPC Chartered Firm
Total Floor Area 61m²
Energy Rating B
Tenure Freehold
Watchlist

McEwan Fraser is delighted to present this two-bedroom ground-floor flat that forms part of Edinburgh City Council's Golden Share scheme. The property is offered to the market with a fixed price of 80% of the home report value and the buyer must meet the criteria for and be approved by the council. Purchasers must demonstrate that they are eligible and provide the necessary evidence to the City of Edinburgh Council to fund a Golden Share home, for example, evidence of a local connection or an inability to finance the purchase of the full market value of the property. Golden Share is an affordable housing scheme which widens access to home ownership for individuals and families on low to average incomes. It is available to applicants who meet the eligibility criteria and can demonstrate affordable housing need. Golden Share homes have a simple price cap – you own 100% of the property but its price is capped at 80% of the open market value on first sale and all subsequent resales. This means that you will purchase the home at 80% of the current market value and you would have to sell it at 80% of market value when you come to sell in the future. The accommodation is focused on a generous living room that has plenty of space for a large suite and supporting furniture. The space on offer gives plenty of flexibility for a new owner to create their ideal entertaining space. The separate kitchen has a good range of base and wall-mounted units that offer plenty of prep and storage space. A gas hob and an electric oven are integrated. Further space is provided for freestanding appliances. Bedroom one is an ample double with an integrated wardrobe, space for supporting furniture, and also benefits from a partially tiled en-suite shower room. Bedroom two is a further double bedroom with integrated storage. Accommodation is completed by the bathroom which has a three-piece white suite and partial tiling. Further benefits include gas central heating, double glazing, a secure entry system, and communal grounds. Electricity Supply: Octopus Water Supply: Scottish Water Sewerage: Scottish Water Broadband / Mobile Coverage: Now, 5G

Read further
View this property
Viewings by appointment, please can McEwan Fraser Legal on 0131 253 2263.
Book a Viewing

Leith, Edinburgh East at a glance*

  • Average selling price

    £223,978

  • Median time to sell

    22 days

  • Average % of Home Report achieved

    101.3%

  • Most popular property type

    2 bedroom flat

To find out more about the local market, contact McEwan Fraser Legal today.
* Figures are based on properties marketed and sold through ESPC. Home Report valuations relate to properties where the Home Report was available on espc.com. Figures relate to the 3 month period ending on 29/02/2024

What will my monthly repayments be?

Repayment: £0
Interest only: £0

How much can I borrow?

You May Borrow: £0
* School catchment data is provided for information purposes only and ESPC UK Ltd does not accept any responsibility for the accuracy or completeness of the data. You should always contact the local authority responsible for the provision of education in a property's location, and more information on particular school catchment areas can be found via the links here.