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See how verdicts work2-bedroom flat · TD6 9JY
For saleListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A delightful two-bedroom ground floor apartment, forming part of an attractive development on the outskirts of the historic Abbey town of Melrose.
Set within a larger building which has been thoughtfully converted, the property offers comfortable and well-presented accommodation with a lovely sense of character.
The accommodation comprises: Spacious hall, lounge with space for a dining table, kitchen, two double bedrooms and a bathroom with a separate shower enclosure.
French doors from the lounge open onto a decking area, providing a lovely spot to sit and enjoy the peaceful surroundings. There are also well-maintained communal grounds and a residents' car park.
Enjoying a peaceful setting close to Melrose Golf Course, the property is also within easy reach of the town centre and its excellent range of shops, cafes and amenities.
With its appealing location and easy-to-maintain accommodation, this would make an ideal main residence or occasional home.
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 licence or registration needed
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
FAQ
About 3 Glentress Apartments, Melrose, TD6 9JY
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