3-bedroom flat · EH10 5HT
Under offerListed 46 days
Opportunity summary
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About
Bright & Spacious Three Bed Ground Floor Modern Flat with Private Patio, in Quiet Morningside Cul de Sac This superb, well maintained apartement (all 1’s in the Home Report) is situated in a modern development in a quiet spot, minutes from the wide range of amenities of popular Morningside.
The property has been well maintained with contemporary kitchen & bathroom fittings, a large living area leading to a dining hall with French windows out to private patio and the impeccable communal gardens, a breakfasting kitchen, three good sized bedrooms, two of which have ensuites, a family bathroom and an allocated parking space.
A perfect apartment for downsizers or professionals with its great transport links into the city centre, or for a young family, being in the catchment for excellent schools.
Entrance hallway with storage cupboard, leading to Open dining hall with storage cupboard and French doors to the private patio and shared communal gardens Light & airy, dual aspect living room with feature fireplace, overlooking the gardens Good sized kitchen/breakfast room with wide range of light wood fitted units & appliances and space for a breakfasting table Principal bedroom with fitted wardrobes and ensuite shower room, sink & wc Second double bedroom with fitted wardrobes and ensuite bathroom, sink & wc Third bedroom which could equally make a great study for working from home Main shower room with walk in shower, sink & wc Gas central heating from combi boiler located in the kitchen Timber framed double glazed windows Neutral decoration & flooring Allocated parking space and permit parking on the development Factored by Myreside Management at a cost of approx.
£255-330 per quarter, including block buildings insurance and maintenance of the building & communal gardens Morningside is a very prestigious area in the south of the city which offers a wide range of supermarkets (including Waitrose and M&S Simply Food), speciality food stores, independent retailers, coffee shops, bars & restaurants.
Local schooling is well-renowned and the property is in the catchment for Canaan Lane, South Morningside & St Peter’s RC Primary Schools and Boroughmuir High School, and is walking distance to George Watson’s.
There are superb amenities within a few minutes’ walk, including a library, the very popular independent Dominion Cinema & Church Hill Theatre, and there are a good range of gyms/leisure facilities & golf courses a short drive away.
The property is also well placed for lots of walks and open spaces including Blackford Hill & Pond, Hermitage of Braid, Braid Hills and Braidburn Valley Park.
There is easy access both into town, via the numerous bus services, and out of town to the city bypass and the motorway network beyond.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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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 23/3 Maxwell Street, Edinburgh, EH10 5HT
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