Terraced house for sale in Lumsden Square, Gilmerton, Edinburgh EH17

Golden share

McEwan Fraser is delighted to present this contemporary three-bedroom mid-terraced house which is offered for sale on a ‘Golden Share’ basis. Golden Share is an affordable housing scheme that widens access to homeownership for individuals and families with 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 the 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. 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.

Internal accommodation is focused on a generous living room that overlooks the rear garden. Bright and neutrally decorated, the living room has plenty of space for a large suite, a dining table, and plenty of supporting furniture. The kitchen enjoys a good range of base and wall-mounted units that include integrated appliances. There is plenty of prep and storage space for the aspiring chef. Ground floor accommodation is completed by a cloakroom.

Climbing the stairs, the landing gives access to three bedrooms, the bathroom, and a loft space for additional storage. Bedroom one is a generous double bedroom with a large integrated wardrobe and ample space for a full suite of freestanding bedroom furniture. Bedroom two is a further well-proportioned double and bedroom three is a large single that would make an ideal nursery or home office. The bathroom is partially tiled and includes a three-piece white suite with a shower over the bath.

Externally, the property has an established south-facing garden with a patio.

Electricity Supply - British Gas
Water Supply - Scottish Water
Sewerage - Local Authority
Broadband - BT

By appointment through McEwan Fraser Legal on Edinburgh McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.