1-bedroom flat · EH26 8HL
Listing removedListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to 89 John Street - a lovely, surprisingly spacious, one-bedroom first floor traditionally built flat, accessed via and external staircase to the rear.
Set in a sought-after area in a central location in the lovely Midlothian town of Penicuik, it is conveniently located within a close proximity to the town centre.
It is thought this property will make the ideal first-time purchase, downsize opportunity or rental investment.
The property is offered in excellent order throughout, retaining original features, and having been well maintained.
It provides spacious accommodation with both communal and private garden grounds to the rear, with ample on-street parking.
Viewing is strictly by appointment, which we recommend at your earliest convenience. Superb sought-after residential location, close to the town centre. External staircase to main door entrance.
Entrance vestibule with glass door to the hall. Shower room with three-piece suite, shower cubicle with electric shower, wc and sink.
Hallway with store cupboard and loft access via a pull-down ladder (part floored with light). Living room with twin front facing windows, ornate fire, feature fire surround, cornice, and picture rail.
Fitted dining kitchen with a range of base units, ample space for a table and chairs, oven, gas hob, splashback, and extractor, remaining white goods may be available by negotiation.
Double bedroom with front facing window, and built-in mirrored wardrobes. Gas central heating and double glazing. Rear garden grounds with garden shed, and communal drying green. On street parking.
Viewing essential. Viewing By appointment with McDougall McQueen EPC Rating EPC rating: C
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.
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
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FAQ
About 89, John Street, Penicuik
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