3-bedroom flat · EH1 3LU
Sold STCListed 201 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
12 (2F/1B) Union Street is a beautiful 3 bedroom, second floor apartment in Edinburgh's New Town on a quiet corner of Union and Forth Street.
You enter the flat into a particularly wide hallway with solid wood floors, which run throughout the property.
A large living room, with two astragal windows looking over Forth Street, is at the front of the apartment.
This beautiful room has a host of period features, including a period fireplace with gas fire and solid wooden floors.
The kitchen is opposite the living room featuring wood worktops over blue wood cabinets with integrated appliances, including an AEG 4 ring induction hob, AEG oven, AEG fridge/freezer, AEG dishwasher and AEG washer/dryer.
The principal bedroom is to the rear of the property, with views over Broughton Place Lane.
This large bedroom is fitted with solid wooden floors and benefits from an en suite shower room, with Porcelanosa sanitary ware and marble effect tiles.
Double bedroom 2 overlooks Broughton Place Lane and boasts ample fitted storage. Bedroom 3, which can alternatively be utilised as a study, is situated at the rear of the building.
The main bathroom, featuring a separate bath and shower, is accessible from both the hallway and the second bedroom. There is excellent storage in the flat with a useful cupboard off the hallway.
Further storage space is also available in a cellar. EPC Rating Band C Union Street is one of the most desirable addresses in Edinburgh's Eastern New Town.
12 Union Street was designed in 1800 by Robert Burn for the Commissioners for the Improvement of Manufacturers. The New Town is one of Edinburgh's most sought after residential areas.
Located in Edinburgh City Centre, the area is characterised by its beautiful terraces, stunning wide streets and well kept communal gardens.
It is the largest complete example of town planning from the Georgian Period in the world. Excellent shopping is located on nearby Picardy Place, Leith Walk and St James Quarter.
Residents can access Gayfield Square Garden one street along, whilst access to Queen Street Gardens is also available (subject to a modest fee).
12 Union Street is in the catchment for Broughton or St Mary's RC Primary Schools and Drummond Community High School or St Thomas of Acquin's RC High School.
There are also excellent independent schools nearby including ESMS, St George's School for Girls, Fettes College, Edinburgh Academy and George Heriot's School.
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
Agent & docs
FAQ
About Union Street, Edinburgh, EH1
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