1-bedroom house · EH10 5QD
Listing removedListed 108 days
Opportunity summary
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About
Set in a quiet location close to the wide open spaces of Craiglockhart Hill, this superb retirement flat would make a great home, having been well looked after with a lovely south facing bay windowed sitting/dining room leading to a modern kitchen, a good-sized bedroom with fitted wardrobes and a contemporary shower room.
The development itself provides amazing on-site amenities and there are excellent transport facilities into Morningside on your doorstep.
Merchants Golf Course is close by and Craiglockhart Leisure Centre is a short drive away, ideal for leisure pursuits.
Welcoming hallway with large storage cupboard Bright, spacious bay windowed sitting/dining room with floor to ceiling windows letting in lots of light, laminate flooring and feature fireplace with electric coal effect fire Fully fitted kitchen with good range of units and appliances Good sized double bedroom with fitted wardrobes Updated shower room with shower cubicle, sink & wc Electric storage heaters, instantaneous hot water & upvc framed double glazed windows Landscaped communal gardens and off street parking for residents & visitors Shared residents’ lounge, meeting room & kitchen Entryphone system, lifts & bin store Viewpoint Housing Association maintain the building and this property currently pays around £211 per month for all the services, gardening, maintenance, cleaning & lighting of the common areas, block buildings insurance, an onsite warden and 24 hour emergency call system Residents must be at least 60 years old and demonstrate that they can live independently or, if a couple, at least one must be 60 years old and the other at least 55.
They must be approved by Viewpoint Housing Association prior to purchase.
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), independent retailers, speciality food stores, coffee shops, bars & restaurants.
There are superb amenities within a short bus ride or drive, including a library, the very popular independent Dominion Cinema & Church Hill Theatre.
There are a good range of gyms/leisure facilities and golf courses nearby and the property is also well placed for lots of walks and open spaces including Craiglockhart Hill, Morningside Park, Hermitage of Braid, Braid Hills and Braidburn Valley Park.
There is easy access both into town, via the excellent 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 20/54 Craiglea Place, EDINBURGH, EH10 5QD
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