5-bedroom flat · TD6 9PE
To rentReduced £150 (−7.7%) on 23 OctListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No.
1 Royal Bank Chambers is located in the heart of Melrose, this impressive second and third floor duplex apartment has been recently refurbished to a very high standard, offering luxury, spacious and flexible accommodation.
One of only two properties within the building, the apartment enjoys a rare sense of privacy and exclusivity.
The accommodation comprises an entrance hallway, a generous proportioned lounge, two bedrooms and a superb dining kitchen with central island, integrated appliances and ample space for a dining table.
A beautifully appointed bathroom features both a separate shower cubicle and bath, while a useful utility room with boiler cupboard provides excellent practical space.
Stairs rise to the third floor, where there are three further bedrooms and a shower room. The impressive principal bedroom benefits from a walk-in wardrobe.
Externally, the property benefits from private garden grounds, timber shed, private parking and electric vehicle charging point. Letting Agent Registration Number: LARN1810017
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
Short-let licence or registration needed
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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 1 Royal Bank Chambers, High Street, Melrose, Scottish Borders, TD6
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