Studio flat · EH1 2HB
Under offerListed 58 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Cox & Co are delighted to present this beautifully appointed studio apartment, tucked away in Edmonstone’s Close, just off Edinburgh’s historic Grassmarket in the heart of the Old Town.
Occupying a characterful and well-maintained building, the property combines an atmospheric Old Town setting with stylish contemporary living.
Residents benefit from secure entry and an attractive carpeted communal stair, where extensive exposed stonework provides a striking reminder of the building's historic character, together with a dedicated bike storage room.
The bright open-plan kitchen and living space benefits from excellent natural light from two skylights, each fitted with electric blinds.
Doors open to a Juliet balcony overlooking the peaceful internal courtyard, providing a welcome sense of tranquillity despite the exceptionally central location.
The contemporary kitchen is well appointed and incorporates a range of integrated appliances.
The thoughtfully designed sleeping area is subtly separated from the main living space and features built-in wardrobes, making excellent use of the available space while providing valuable storage.
A contemporary bathroom completes the accommodation.
Edmonstone’s Close also has a fascinating place in Edinburgh’s cultural history, forming part of the former home of the original Traverse Theatre, which occupied premises here before moving to its present location.
The property is superbly positioned for everything the Old Town has to offer.
The Grassmarket, Edinburgh Castle and Royal Mile are all on the doorstep, with an outstanding choice of independent shops, cafés, restaurants, traditional pubs and bars nearby.
Princes Street, George Street and the wider city centre are also within easy walking distance.
An exceptional opportunity to acquire a stylish and characterful studio apartment in one of Edinburgh’s most iconic locations, offering an appealing blend of historic surroundings, contemporary comfort and exceptional city-centre convenience.
EPC rating: C. Tenure: Freehold, Service charge description: Factor Fee - Myreside Management.,
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 Edmonstone's Close, Old Town, Edinburgh, EH1
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