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See how verdicts work2-bedroom flat · EH26 8LY
Listing removedListed 44 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to 3 Alderbank, a bright and spacious traditional stone‐built double upper flat offering flexible accommodation over two levels.
Rarely available and thoughtfully upgraded by its current owners, the property features a newly fitted kitchen, new bathroom, a subtle layout enhancement, and fresh décor throughout - creating a modern, move‐in‐ready home with character and charm.
This superb first‐time purchase is in the lovely Midlothian town of Penicuik, just a short walk from the town centre and ideally placed to enjoy excellent transport links, shopping facilities, bars, restaurants, and everyday amenities.
Externally, the property benefits from private courtyard area with right of access and unrestricted on‐street parking.
With its upgraded interior, traditional appeal, and highly convenient setting, this property is sure to attract strong interest. Early viewing is highly recommended.
Superb location close to the town centre and its . Stairway providing access to only two flats. Entrance vestibule. Utility room.
Gorgeous newly fitted breakfasting kitchen with an under-stair larder style store, a range of base and wall units, island breakfast bar fitted with power, quartz worktops, appliances including a range cooker, double extractor, integrated fridge freezer, dishwasher, and wine cooler.
Stylish newly fitted shower room, large shower base with overhead raindrop shower and attachment, wc, bowl style sink with vanity unit and free-standing tap, wall vanity unit, heated towel radiator and wood wall panelling.
Living room with working window shutters, log burning stove and fireplace, and open shelved room. Upper landing with store cupboard. Double bedroom with Dormer window and built in storage.
Double bedroom with Dormer window and stylish wood wall panelling. Gas central heating and a mixture of single sash and case and double glazing. On street parking. Courtyard.
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.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 advisers 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
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FAQ
About 3, Alderbank, Penicuik
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