3-bedroom flat · EH22 4SP
Listing removedListed 239 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Property Welcome to 15 Reed Drive, a bright and spacious, three-bedroom, Lower Villa Flat with private gardens, is set in a quiet street in a popular residential location with a central green and un-restricted on street parking, in the popular Midlothian village of Newtongrange.
This attractive Family Home offers an excellent opportunity with immaculate, move-in ready presentation comprising: Welcoming Entrance Hallway, spacious Lounge with two windows set the front of the property and access to the modern Kitchen with a door to the decked terrace and garden, a Principal Double Bedroom offering generous proportions, two further good sized Bedrooms, one offering a double fitted wardrobe and both with ample space for free standing furniture, with the stylish contemporary Shower-Room completing the accommodation.
A feature of the property is the spacious living space throughout, with the Lounge enjoying an abundance of natural light, a fireplace as a decorative focal point and a storage cupboard with shelving.
The modern Kitchen offers an excellent range of base and wall cabinets with complimentary surfaces and attractive tiled surrounds with an integrated gas hob, extractor canopy and electric oven.
There is space for free standing appliances and a door accesses the deck terrace and rear garden.
The stylish Shower-Room comprises a double shower compartment with a ''Rain Fall'' thermostatic shower, a glazed screen and stunning ''slip-brick'' designed tiled surrounds.
In addition there are ''his'' and ''her'' wash hand basins set in a vanity cabinet with storage, a wall mounted mirror with lighting and a heated towel rail adds the finishing touch to this lovely space.
Externally there is a gated private garden to the front laid to lawn with the enclosed rear garden offering a large decked terrace - ideal for alfresco dining and entertaining with an area laid to artificial grass and a garden shed.
Further benefits include Gas Central Heating, Double Glazing, window blinds and un-restricted on street parking is also available.
Early viewing is highly recommend to fully appreciate this lovely family home and the chain free opportunity on offer.
The Location The Village of Newtongrange is a thriving community and the property lies approximately seven miles south east of Edinburgh City Centre being very popular with commuters.
Locally there is a selection of shops, schools, leisure and recreational facilities.
The local area also has a wealth of open countryside and a short journey away are the neighbouring towns of Dalkeith and Bonnyrigg where more extensive facilities can be found.
There is Co-op and bakery within walking distance and also a Tesco food store at Hardengreen.
Regular bus services provide ease of commuting in and around the surrounding towns and to Edinburgh City Centre.
Access to the A7/A68 and the City Bypass are nearby which in turn connect to all other major routes in and around the area.
The Borders Railway Line provides a link to Edinburgh Waverley with a station in Newtongrange making this the ideal commuter location.
Lovely green spaces can be enjoyed at the nearby country parks at Vogrie Estate and Dalkeith country park with ''Restoration Yard'' offering a gift shop, coffee shop and restaurant.
A popular location with excellent local and nearby amenities.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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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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About 15 Reed Drive, Newtongrange
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