2-bedroom flat · EH3 5RE
For saleListed 11 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Forming part of a popular retirement development in sought-after Inverleith, this rarely available 2 bed first floor flat offers the perfect choice for those looking to retire or semi-retire, whilst still remaining in a well-connected area of the city, with excellent amenities easily accessible.
Commanding an enviable gable setting boasting superb views over playing fields, the flat is presented in good decorative order throughout.
The complex comes with private residents' parking (open-to-all spaces and designated bays), lift access and delightful shared garden grounds.
Furthermore, there is a resident house manager, along with laundry facilities (including an outside drying area), a refuse chute on every floor, a recycling room and overnight visitors' accommodation.
A large recently updated common room for socialising with neighbours is a popular venue with a programme of events, a small kitchen and a nearby toilet.
There is also a 24-hour Careline alarm system with emergency pull cords in the flat's main accommodation areas, providing additional peace of mind.
Please note that owner occupiers must be at least 60 years of age, or if owner occupiers are a couple, one must be 60 or over and the other at least 55 years of age.
All residents must be capable of independent living and approved by interview. The property is factored by First Port at a current cost of approximately £3,600 per annum billed twice a year.
According to the vendor this cost covers buildings insurance, communal lighting and electricity, stair cleaning, communal repairs (including a fund for future major repairs) and the 24-hour pull cord alarm system.
Viewing By appointment with Connor Malcolm. EPC Rating EPC rating: C
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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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
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FAQ
About 12 Homescott House, 6 Goldenacre Terrace, Inverleith, Edinburgh
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