1-bedroom flat · EH7 6TF
To rentListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A cosy furnished studio apartment located on the first floor of a beautiful Edwardian A listed building in Portobello.
The former wm Ramsay Technical Institute was built originally as a chocolate factory but then taken over by the military during the first world war and has now been developed into residential flats.
The building is entered into via secure entry and the flat is located on the first floor. Internally, the apartment features a hallway with cupboard off and which leads to all rooms.
The spacious living room/dining area/bedroom has a large storage cupboard off. The kitchen is open plan to the living area and is entered into via 3 steps.
The kitchen comes complete with appliances including washing machine, under counter fridge, ceramic hob and electric oven.
Finally the internal bathroom has a white three piece bathroom suite with electric shower over the bath.
Further benefits include double glazing, resident's car parking to the rear, modern electric heating, secure entry and excellent location.
Local amenities are first class and include a choice of bars, restaurants, an indoor sports centre as well as the famous Portobello beach and promenade.
The property is also located close to shopping outlets, banks and postal services on the High Street.
An efficient public transport network is on hand which operates to most parts of the city and surrounding areas.Council tax band: A, Landlord Registration Number: 539611/230/08032. Deposit: £1,095
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
Short let unlikely to be allowed
We're still gathering serviced-accommodation data for this area.
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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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