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See how verdicts work2-bedroom flat · EH8 8BQ
For saleReduced £15k (−4.4%) on 20 JunListed 169 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Utterly charming two bedroom apartment excellently located in the historic Old Town of Edinburgh Description Set within the historic heart of Edinburgh’s Old Town, this elegant third-floor apartment offers a rare blend of period character and contemporary refinement, just moments from the Royal Mile and Holyrood Palace.
The living room is a true highlight-generously proportioned and rich in character, it showcases exceptional traditional features synonymous with Old Town properties.
A striking stone accent wall frames the focal fireplace, creating a refined yet inviting space ideal for both entertaining and everyday living.
There is ample room for dining and freestanding furniture, all enhanced by a warm and homely atmosphere.
The kitchen is thoughtfully designed and well-appointed, offering efficient storage and workspace while remaining seamlessly connected to the heart of the home.
A bespoke wooden worktop continues the theme of considered design, complementing the property’s historic surroundings.
The bathroom has been comprehensively upgraded to a high specification by the current owner, featuring stylish sanitaryware, quality fittings, elegant tiling, and a crisp, contemporary finish.
The principal bedroom is a well-balanced double, filled with natural light and offering ample space for freestanding furniture.
It also benefits from built-in storage-an uncommon advantage in traditional properties.
A versatile second bedroom complements the accommodation, currently utilised as a home office but equally suited to a variety of uses for modern city living.
Additional storage is conveniently located in the hallway with three separate storage cupboards forming flexible and practical solutions to modern living.
This impressive apartment presents an exceptional opportunity to acquire a characterful city residence in one of Edinburgh’s most historic and atmospheric locations, perfectly positioned for the city centre, cultural attractions, and excellent transport links.
Location Set within the historic heart of Edinburgh’s Old Town, this elegant third-floor apartment enjoys an exceptional setting on the Canongate, just moments from some of the city’s most iconic landmarks.
The Royal Mile is approximately 0.1 miles away, while Palace of Holyrood house lies just 0.3 miles to the east.
The green open spaces of Holyrood Park and Arthur’s Seat are also within easy reach at around 0.5 miles, offering a perfect balance of city living and outdoor escape.
The property is ideally positioned for access to Edinburgh’s vibrant cultural scene, with the Scottish Parliament (0.3 miles), Waverley Station (0.4 miles), and Princes Street (0.6 miles) all within comfortable walking distance.
A wide range of cafés, restaurants, and independent shops can be found nearby, making this a superb location for both convenience and lifestyle.
Square Footage: 656 sq ft Additional Info Listing: The property is b-listed and lies within Old Town Conservation Area.
Fixtures and Fittings: All fitted carpets, curtains, light fittings and integrated appliances are included in the sale. Some furniture may be available by negotiation.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
Set an offer; the calculator follows it.
Short let unlikely to be allowed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 265/5,, Canongate, Midlothian
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