2-bedroom house · EH6 4LY
To rentListed 33 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
New to the market, a unique opportunity to stay in the most photographed historic x 2 double bedroom fisherman's cottage in the heart of Newhaven.
Set over two floors, this quirky and much loved property is full of character and comprises of lounge with dining area, kitchen with breakfast bar, x 2 bedrooms and unique bathroom with a shower over the bath.
Situated in Newhaven, a harbour village on the Firth of Forth between Leith and Granton, and with free on street parking, ample local amenities including the Ocean Terminal Shopping and Leisure complex.
Very good transport links are in the area, including the new Tram network which offers convenient travel through the City Centre and on to the Airport.
Available furnished, viewing is highly recommended. Deposit: £1,600 Landlord registration: 508233/230/23092
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 1 Great Michael Close, Edinburgh, EH6 4LY, Edinburgh
Explore nearby
.png){kind=logo}