Price :Starting from £320,000
Rental Yield :Estimated rental yields up to 4.1%
Completion Date :Q1 2022
Deposit Interest :N/A
Developer :RENNICK PROPERTY LIMITED
Canaan Lane is a new build residential development in Edinburgh's sought-after suburb of Morningside. Close to Edinburgh University and Princes Street, leafy Morningside is home to an eclectic array of bars and cafes. Apartments start from £320,000.
Canaan Lane comprises 10 one-and-two-bedroom apartments. It is situated just off the high street, so residents have shops such as Waitrose and Marks and Spencer on their doorstep.
- Freehold interest
- Regular bus service to Edinburgh city centre
- Walking distance to Princes Street and Edinburgh University
- Apartments start from £320,000
- Upmarket suburb of Edinburgh
Morningside is one of Edinburgh’s most sought-after districts and sits just south of the city centre. It is well-served by public transport, as a bus service runs every ten minutes, quickly whisking residents into the city centre.
Residents need not take public transport everywhere, as the Financial District, Edinburgh University and Princes Street are all within walking distance. Property prices in Canaan Lane start from £320,000 for a one-bedroom apartment and the outlook for growth looks promising, as property prices in the area rose by 10% last year.
The developer has a successful record with delivering on projects. Aberdeen Standard Investment chose the developer as their Project manager for a stunning development at 3 St Andrews Square which was successfully completed in 2018. We think it is indicative of their quality that an investment management firm feels comfortable with them.