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See how verdicts work1-bedroom bungalow · EH22 4QB
For saleReduced £15k (−11.1%) on 12 OctListed 64 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property has been independently valued at £145,000 by a Royal Institution of Chartered Surveyors (RICS) qualified surveyor.
One-bedroom home with excellent potential, private garden and convenient Midlothian location.
This one-bedroom property in Newtongrange offers an excellent opportunity for buyers looking to create a home to their own taste.
The property requires modernisation throughout, but benefits from a practical layout, well-proportioned rooms and a private garden, giving it plenty of potential for improvement.
The living room provides a comfortable main reception space with two windows allowing natural light into the room.
A separate dining room adds valuable versatility and creates a defined space for everyday dining, while the adjoining kitchen is fitted with a range of wall and base units, work surfaces and space for appliances.
The bedroom is a good-sized double room with two windows and useful built-in storage.
A separate bathroom completes the internal layout and is currently fitted with a three-piece suite comprising a bath with shower over, wash basin and WC.
The property would benefit from general updating and refurbishment, allowing the next owner to personalise the interior.
Outside, the property enjoys its own garden area with lawn, paved sections, established planting and timber storage sheds.
The outdoor space offers further scope for landscaping and improvement and provides a welcome extension to the living space during the warmer months.
Newtongrange is an established Midlothian community with a useful selection of everyday amenities, while neighbouring Dalkeith provides a wider range of shops, supermarkets, cafes and services.
Schooling is available locally and across the surrounding area, with Newtongrange Primary School among the nearby options and secondary education available within Midlothian.
Transport connections are a particular advantage, with Newtongrange railway station providing Borders Railway services towards Edinburgh and Tweedbank.
Road links also make Dalkeith, the Edinburgh City Bypass and wider Midlothian readily accessible.
For outdoor recreation, the surrounding area offers numerous parks and woodland spaces, with Dalkeith Country Park and Gore Glen Woodland Park providing attractive destinations for walking and leisure.
The Home Report identifies Category 2 repairs including elevated damp readings, moisture/soft damaged flooring, roof and chimney maintenance, leaking rainwater fittings, weathered windows and electrical upgrading.
Rodent droppings were noted within the roof space. The vendor has advised that the boiler and toilet are currently not working. The property is situated within a former coal-mining area.
Buyers should review the Home Report and make their own enquiries. We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.
Please call us now to book an appointment. Call Recording Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Disclaimer Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that: The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars.
All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness.
We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment.
Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained.
All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale.
No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
Tenure To be confirmed by the Vendor's Solicitors Note The price given is a marketing price and not an indication of the property's market value.
The vendor like any seller is looking to achieve the maximum price possible.
Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.
How to View this Property Viewing is strictly by appointment please call us now for bookings.
Aml regulations & proof of funding: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted.
We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
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FAQ
About 16, Second Street, Dalkeith
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