2-bedroom flat · EH1 1QU
For saleListed 241 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Forming part of a characterful Category B listed building dating from around 1800, this top floor flat enjoys a superb position on the historic Royal Mile.
The property is accessed via a communal stair and offers well proportioned accommodation extending to approximately 60 sqm.
The accommodation comprises an entrance hall, a bright open plan living room and kitchen, two bedrooms, and a bathroom.
The living space provides ample room for both seating and dining, making it well suited to modern living and entertaining.
From the windows, there are attractive rooftop views across the surrounding Old Town skyline, taking in the characterful architecture and historic setting for which the area is renowned.
The second bedroom offers flexibility and could function equally well as a home office, study, or guest room, depending on individual requirements.
While the property would now benefit from a programme of modernisation and upgrading, it presents an excellent opportunity for purchasers to create a bespoke home tailored to their own tastes and requirements.
The flat benefits from replacement sash and case double glazed windows and gas fired central heating. Positioned on the top floor, it enjoys an elevated outlook and a notable sense of privacy.
The Location The historic Old Town is a UNESCO World Heritage Site boasting a wealth of charm and character and offering all of the benefits of city centre living.
The main shopping and commercial thoroughfares of Princes Street and George Street are within comfortable walking distance and include major high street retailers, fine restaurants and fashionable bars.
The property is conveniently located for many Edinburgh University buildings as well as many famous and historical places of interest.
The Grassmarket and Royal Mile areas of the Old Town offer a superb choice of speciality shops, fine restaurants, fashionable bars, coffee shops, delis and boutiques.
A wide selection of bus services is available nearby giving access to most areas of the City, for commuters Waverley Station is a short walk away.
Extras The items included in the sale of the property are the carpets, fitted floor coverings, integrated appliances, light fittings and fixtures.
The seller will not warrant the working order of any appliances, systems or services. The property is sold as seen. Council Tax band D Any offers should be submitted to
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 2 (5F1) Burnet's Close, 156 High Street, Edinburgh, EH1 1QU
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