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5 Millhill Lane, Musselburgh, EH21 7RD - Image 1
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5 Millhill Lane, Musselburgh, EH21 7RD

Scotland

£270,000
Listed on 12/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

Nestled on a serene street in the desirable area of Musselburgh, this charming Edwardian terraced house presents a compelling opportunity for renovation and investment. With a central location that offers easy access to a variety of local amenities and efficient transport links, along with scenic coastal and countryside walks nearby, the property is perfectly situated for potential homeowners or investors. The layout currently features a welcoming entrance vestibule that opens into a spacious hallway. The bright lounge boasts an attractive bay window, inviting natural light and offering a cozy living space. Adjacent to the lounge is a dining room that leads to the kitchen and shower room, providing a functional flow for everyday living. Upstairs, you'll find two generously proportioned bedrooms, both of which can be transformed into comfortable retreats. The exterior includes both a private front garden and a southeast-facing rear garden, allowing for outdoor space to be enjoyed or developed further. While the property requires full modernization, its Edwardian character and prime location hold significant promise for those looking to create their ideal home or capitalize on an investment opportunity in a sought-after neighborhood. With energy rating E and council tax band A, this property holds potential not just as a residence but as a wise financial venture as well.

Investment Analysis

(EH21 area)
Area Average
£268/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
68
Average per month
Market Turnover
68%
Properties sold annually

Local Market Trend (EH21)

Area prices are rising by +9.3% over the last 12 months
3 year growth: 20.5%
5 year growth: 23.4%
Investment Disclaimer: Analysis based on EH21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

5 Millhill Lane, Musselburgh, EH21 7RD
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£989
Based on a loan of £202,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE