3-bedroom flat · TD1 1JE
Under offerListed 89 days
Opportunity summary
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About
2 Balmoral Place is a deceptively spacious three-bedroom first floor flat sit situated in a popular residential location only a short distance from the centre of the principal Borders town of Galashiels.
With a large number of amenities nearby, including The Great Tapestry of Scotland, it also benefits from the Borders Railway which runs to Edinburgh, located at the Transport Interchange or nearby Tweedbank which has extensive parking.
Internally, the accommodation, which requires a degree of refurbishment lies across one level and comprises three bedrooms, a shower room, a sitting room and a kitchen.
With a generous u-shaped hallway there is also excellent storage, gas fired central heating and double glazing.
Externally, the property has a large, shared courtyard garden, with patio area, gravelled space, extensive borders and a shared brick-built storage shed.
With all amenities close at hand including the aforementioned railway station, most Border towns can be reached from this central location, and the A7 located nearby has direct routes to Edinburgh and Carlisle.
Melrose 2.5 miles Selkirk 7 miles Edinburgh 35 miles Tweedbank 2.0 miles (all distances are approximate) Council Tax Band : B EPC: D61 Location: 2 Balmoral Place sits in a popular residential area of the principal Borders town of Galashiels.
With a population of 12,000, the town offers a full range of shopping facilities, including Tesco, asda, Boots, Next, wh Smith and Marks & Spencer.
Local tourist attractions include The Great Tapestry of Scotland, Old Gala House and Abbotsford House, the former home of Sir Walter Scott, with its award-winning visitor centre as well as many other attractions in nearby Melrose and other Border towns.
Among the independent shops there is also a cinema, a health centre, a swimming pool, gym, dentists, orthodontist and a Transport Interchange built primarily around the train station in conjunction with the Borders Railway which is a particular bonus.
Local sports teams include Gala rfc, Gala Fairydean fc, and Gala CC and local festivals include the historic Common Ridings held in the summer which is of particular note.
There are also a variety of outdoor pursuits in the area that include fishing on the River Tweed, fieldsports, horse riding, golf, lawn bowling, mountain biking, and a selection of walks including the Southern Upland Way.
Galashiels has six primary schools, and nearby Melrose is home to St Marys Preparatory School with secondary schooling at Galashiels Academy.
The Borders College and Heriot Watt University also have a campus in the town, and there are also a number of churches in the area.
The Borders General Hospital, the largest hospital in the Scottish Borders is only four or so miles away, on the fringes of Melrose.
Galashiels sits in an easily accessible area and can be reached by the A7 which runs through the town and provides the links to Edinburgh or the north of England.
The area is also served by the Borders Railway which runs from Tweedbank to Edinburgh, with the aforementioned station in the town.
There is also a busy bus service which runs from the Interchange, beside the railway with links to Newcastle and Carlisle in the South, as well as Edinburgh and the other Border towns.
Edinburgh and Newcastle airports - both international, offer an excellent choice of destinations and are 39.5 miles and 68 miles away respectively.
Directions: For those with satellite navigation the postcode is: TD1 1JE From the A68, take the A6091 signposted Melrose and Galashiels. Continue on this road, passing Melrose on your right.
Proceed over the three roundabouts, and the River Tweed, into Galashiels, and along the Abbotsford Road.
Take the left fork at the second small roundabout onto Church Street, which turns into Scott Crescent and subsequently into Scott Street. Proceed along here and turn right into Balmoral Place.
The entrance to Number 2 is on the right past the newsagent. Coming from Peebles, take the A72 into Galashiels.
Proceed into the centre of the town and on reaching Island Street turn right onto Hall Street. Go up the hill and turn left onto Gala Park, which in turn becomes Scott Street.
Turn left into Balmoral Place and follow the above directions.
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.
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About 2, Balmoral Place, Galashiels
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