2-bedroom house · TD6 9RN
Listing removedListed 247 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
2 Dean Cottages is a most quaint two-bedroom semi-detached cottage located in the much sought-after village of Newstead on the outskirts of Melrose.
The property boasts a well-proportioned layout all on-one-level, including a cozy lounge with wood burning stove and two double bedrooms.
The property further benefits from gas central heating and generous private gardens.
Accommodation - entrance vestibule - hallway - lounge - kitchen - bathroom - two bedrooms - Internally Accessed via a welcoming entrance vestibule, the property opens into a central hallway connecting the main living spaces.
To the left lies the bright and generously proportioned lounge offering an ideal setting for relaxing and entertaining, with ample space for both seating and dining arrangements.
The wood burning stove provides a warm cozy ambience. The kitchen is located to the rear of the property, accessed via the lounge. The kitchen enjoys direct access to the rear garden.
There are two well-proportioned double bedrooms both enjoying plentiful light and private aspects over the gardens. The bathroom completes the accommodation.
Kitchen The kitchen is fitted with a range of wall and base units overlaid with laminated worktops incorporating a stainless steel sink with mixer tap.
There are undercounter spaces for a washing machine, tumble dryer and dishwasher. There are also freestanding spaces for a cooker and fridge freezer.
Bathroom The bathroom is fitted with a three-piece suite including WC, pedestal basin and bath with a mixer tap and overhead shower with tiled splashbacks.
Externally The front garden is laid mainly to lawn with well-established hedging providing a good degree of privacy.
A raised timber vegetable bed sits centrally, ideal for home growing, with additional planting beds and mature shrubs adding character and greenery.
The rear garden is a generous and mature space, thoughtfully arranged with a blend of lawn, planting beds and wildlife-friendly features.
A pond forms an attractive focal point surrounded by established trees and shrubs creating a natural and tranquil setting for both relaxing and cultivating.
Location This property occupies an enviable location in the popular village of Newstead, close to Melrose which is regarded by many as one of the most desirable Border Towns, which has also just been voted 'One of the Best Places to Live in Scotland in 2022' by the Sunday Times, Melrose provides and extensive range of local amenities including independent shops, supermarket, restaurants, cafes and hotels.
Local tourist attractions include Melrose Abbey, Harmony Gardens and Priorswood Gardens. It is also home to the world-famous annual Melrose Sevens and very popular Borders Book Festival.
Local schooling includes the Melrose Primary School, the highly regarded St Mary's Preparatory School and is within the Earlston High School Catchment Area, one only two schools in Scotland to feature in Tatler's Top 20 State Secondary Schools 2018.
There is an abundance of outdoor pursuits in the area including Rugby, Football, Golf, Horse Riding and Walking including the Southern Upland Way and St Cuthbert's Way.
Fixtures & Fittings Fitted flooring coverings, blinds and curtain poles are to be included within the sale. Freestanding appliances may be available by separate negotiation.
Services Mains water, electricity, gas and drainage. Gas Central Heating and Double Glazing. Council Tax Council Tax Band B. Viewings Strictly By Appointment via James Agent.
Home Report A copy of the Home Report can be downloaded from our website. 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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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 2 Dean Cottages, Dean Road, Melrose
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