3-bedroom terraced house · EH2 3LU
For saleListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Fantastic opportunity to purchase this beautifully presented three-bedroom three-storey penthouse apartment within the heart of Edinburgh’s New Town conservation area.
The property is accessed via a well-kept communal stairwell and upon entering the home, there is a spacious welcoming hallway with storage cupboards off and a staircase leading to the upper hallway; open plan sitting/dining room/kitchen with feature fireplace, working shutters and roof top views; the kitchen was renovated only two years ago and has ample wall and base units, coordinating splash back, island with built-in dining table and top of the range integrated appliances; double bedroom with working shutters, plenty of space for freestanding furniture and the first of the recently renovated fully tiled ensuite shower rooms; second double bedroom with built-in wardrobe and working shutters; newly refurbished to an impeccable standard, the family shower room has a walk-in shower cubicle, wash hand basin and WC; and the principal bedroom is located on top floor with two skylights allowing for plenty of natural light and a further impressively renovated ensuite bathroom with four-piece suite including roll top bath, tiled shower cubicle, wash hand basin and WC which completes the accommodation.
Private membership for the Queen Street Gardens West may be provided upon application/payment of fees for those looking for some outdoor space.
On street permit parking is available on North Castle Street and surrounding streets under Zone 1A.
A UNESCO World Heritage Site characterised by striking Georgian and neo-classical architecture, cobbled crescents and beautiful private gardens, the New Town promises the ultimate city lifestyle.
While bustling Princes Street and George Street are lined with high-street stores and luxury retailers, the area is also home to a rich array of independent shops and boutiques, exclusive art galleries and designer studios, plus an endless choice of artisan coffee shops, bars, restaurants and eateries.
It is also considered the cultural mecca of the capital, with the National Portrait Gallery and Scottish National Galleries, as well as the Edinburgh Playhouse all in the vicinity.
At the heart of the city, the New Town nevertheless encompasses some of the capital’s most cherished public parks and green spaces, including the world-renowned Royal Botanic Garden as well as the private scenic Queens Street Gardens (access can be obtained upon successful application and payment of annual fee) and Princes Street Gardens.
Locals enjoy fantastic public transport services, including a vast network of buses travelling across the city, the tram terminus on Princes Street, which provides a swift and easy route to Edinburgh International Airport, as well as national rail travel from Waverley station.
All window furnishings (curtains, curtain poles, blinds etc), floor coverings, light fixtures, appliances (both integrated and free standing) are included in the sale.
No warranties, guarantees or inventory will be provided.
Under the HMRC Anti Money Laundering legislation, all offers to purchase a property on a cash basis or subject to mortgage require evidence of source of funds and required to produce proof of identity and proof of address.
This is acceptable either as original or certified documents.
EPC: C Council Tax: G - £4271.55 inclusive of water and sewage* (*based on 2026/2027 tax year)- The City of Edinburgh Council Tenure: Freehold Electricity Supply: Mains connection.
Water Supply: Scottish Water Sewerage: Scottish Water Heating: Full gas-fired central heating system via a condensing boiler located in the top floor bedroom cupboard.
Heating is distributed throughout the property by radiators.
Broadband: 1000 MBPS (Potential download speed) Mobile Signal/Coverage: Full 4G and potential 5G outdoor coverage Parking: On street permit and pay-and-display parking is available on North Castle Street and surrounding streets under zone 1A (Permits obtained upon application to The City of Edinburgh Council and payment of fees) All statements contained herein are believed to be correct but are not guaranteed and interested parties must satisfy themselves as to their accuracy.
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 restrictions apply
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 56/1 North Castle Street, New Town, Edinburgh, EH2
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