3-bedroom flat · EH8 7BW
Under offerListed 109 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a fantastic opportunity to acquire a spacious three bedroom, two public room upper villa in the popular area of Piershill, a short bus ride from the city centre.
The flat now needs modernisation to turn it into a wonderful home for professionals or a young family. It has the added bonus of a private rear garden and free on street parking.
Located minutes from shops and amenities, with easy access to the wide open spaces of Holyrood Park and Arthur's Seat.
Access from street level, up a staircase to the wide open hallway Large, bright bay windowed living room with feature fireplace with fuel effect fire and Edinburgh press Spacious kitchen/dining room with good range of fitted units and space for dining Fully fitted utility room with door to rear porch & staircase to garden (needing replaced) Principal bedroom with wide range of fitted wardrobes Two further double bedrooms Shower room with tongue & groove and wet wall panelling, large walk-in electric shower, sink & wc Gas central heating from combi boiler located in the utility room Upvc double glazed windows Private front garden & good sized rear garden, accessed via staircase off utility room, with handy shed Free on street parking Piershill is a highly regarded area located to the east of the city centre, close to Holyrood Park & Arthur's Seat, which offer a great choice of scenic walks and views across the city.
There are a great range of shopping facilities available nearby, with Morrisons across the street and easy access to Meadowbank & Fort Kinnaird Retail Parks.
For outdoors & sports enthusiasts, there is the exciting, upgraded Meadowbank Stadium, the Royal Commonwealth Pool and Portobello Baths, together with walks along Portobello Beach.
There are also golf courses at Duddingston & Craigentinny.
Schooling is well represented from nursery to senior level and the property is in the catchment for Craigentinny & St Ninian's RC Primary Schools and Leith Academy & Holy Rood RC High Schools.
The city's universities are also all within easy reach.
Numerous bus services run along the main roads to most parts of the city & surrounding areas and there is very easy access to the A1, the City Bypass and the motorway network beyond.
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 unlikely to be allowed
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
Agent & docs
FAQ
About 189 Piersfield Terrace, Edinburgh, EH8 7BW
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