3-bedroom flat · TD1 2HY
Listing removedListed 179 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to bring to the market this spacious three-bedroom first and upper floor apartment located in a popular residential location, just a short walk from Galashiels Train Station and Transport Interchange.
Found in excellent order throughout, and recently benefitting from a degree of maintenance and upgrading, the property presents an ideal opportunity for a first-time buyer looking for a spacious property close to the hustle and bustle of Galashiels town centre.
The property further benefits from modern gas central heating, double glazing and a large private garden area with storage shed.
Accommodation - hallway - lounge / kitchen - hall landing - three double bedrooms -bathroom - Internally The property is entered via a new composite front door into the welcoming hallway, which gives access to the bright and spacious open plan lounge / kitchen and third bedroom.
A staircase leads up to the spacious landing which in turn gives access to two further bedrooms and the bathroom.
The property has recently been upgraded by the current owner to provide a turn-key opportunity for the incoming purchaser with newly fitted carpets, decoration and oak internal doors.
The property further benefits from modern gas central heating and double glazing throughout.
Kitchen The kitchen is fitted with a range of wall and base units and is overlaid with laminated worktops incorporating a stainless steel sink with mixer tap.
Integrated appliances include electric oven, gas burner hob and overhead extractor hood. There is also undercounter space for a washing machine and fridge.
Bathroom The bathroom is fitted with a three piece suite including WC, pedestal wash hand basin and bath with overhead electric shower and tiled splashbacks.
Externally To the rear, a communal pathway leads to the private garden grounds which provide an excellent relaxation and entertaining space which is largely laid to lawn and bound by timber fencing.
There is a large timber shed for storage which benefits from a new felt roof. Fixtures & Fittings All fitted carpets, floor coverings and integrated appliances are to be included within the sale.
Services All mains services are present including water, drainage, electricity and gas.
Location The property is located within a very popular residential area where local amenities are readily available nearby.
There is a regular bus service which runs daily with a bus stop located in close proximity to the property.
More comprehensive amenities are readily available a short distance away in Galashiels town centre including Galawater Retail Park and Galashiels Transport Interchange.
The Interchange houses the main Borders railway station providing regular services to and from Edinburgh Waverley Station.
Galashiels is the largest of the Border towns and is well served by a range of independent shops, restaurants, and cafes along with supermarkets and high street shops.
Nearby there is an excellent range of schooling, from primary through to secondary and university education.
The Mac Arts Centre and the Volunteer Hall host a wide variety of music events throughout the year attracting some well-known performing artists.
The town also benefits from a station on the Borders Railway, offering a journey time to central Edinburgh of less than an hour.
Country and sporting pursuits are readily available, including hill walking, fishing, golf, cycling and mountain biking in the Tweed Valley. Council Tax Band Council Tax Band A.
Home Report A copy of the Home Report can be downloaded from our website. Viewings Strictly by Appointment Only via James Agent.
Offers All offers should be submitted in writing in Scottish Standard Format. All interested parties are advised to lodge a Formal Note of Interest via their Solicitor.
In the event of a Closing Date, the seller shall not be bound to accept any offer and reserves the right to accept any offer at any time.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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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 196, Magdala Terrace, Galashiels
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