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6a Montgomery Place, Peebles, EH45 8ET - Image 1
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6a Montgomery Place, Peebles, EH45 8ET

Scotland

£175,000
Listed on 18/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
829 sqft

Description

This two-bedroom upper villa is situated within a period stone-built property, offering a unique opportunity for renovation and investment in the desirable town of Peebles. While the interiors currently require modernisation, they present a blank canvas for a buyer to infuse personal style and creativity, making it an appealing prospect for anyone looking to create their ideal home. Accessed via a ground-floor vestibule and an inviting staircase, the central hall features practical wood-style flooring and provides entry to all rooms, enhancing the property’s flow. The reception room is bathed in afternoon light from a dormer window and features classic cornicing and a decorative tiled fire surround, creating an inviting atmosphere that could serve both seating and dining needs. The kitchen offers picturesque views through twin picture windows. Although it requires updating, it's equipped with existing cabinetry and workspace, allowing ample room for freestanding appliances—a potential aspect that could be transformed into a modern culinary space. The main bedroom, also benefiting from dormer windows, is spacious enough for a double bed and includes a large fitted wardrobe. The second bedroom overlooks scenic landscapes through its own picture windows. This good-sized single not only offers space but also features a walk-in cupboard with natural light—ideal for conversion into a study or home office. Completing the interior is a bright three-piece bathroom that adds practicality to the layout. Outside, this villa boasts exclusive access to an enclosed side garden area that enhances its appeal. The outdoor space is designed for low maintenance with gravelled and paved sections and includes both a drying area and convenient parking via a gated driveway. Located in the heart of Peebles, this property benefits from being near local amenities such as independent shops, supermarkets, restaurants, bars, and cultural venues like the Eastgate Theatre & Arts Centre. Known for its community spirit with annual festivals like the Beltane Festival and Peebles Jazz Festival, this town also offers recreational activities along the River Tweed, including fishing and scenic walks. With good schooling options from nursery to secondary levels within the catchment area and excellent transport links to Edinburgh—just over 20 miles away—this property presents considerable investment potential not only as a personal residence but also as a venture in an increasingly sought-after location.

Investment Analysis

(EH45 area)

Below Market Value

This property is priced -19.3% below area average per sq ft

-19.3%
Potential saving
This Property
£211/sq ft
Area Average
£261/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£238,416
10% above area average per sq ft
Potential ROI
+16.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
81%
Properties sold annually

Local Market Trend (EH45)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 22.9%
5 year growth: 13.9%
Investment Disclaimer: Analysis based on EH45 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

6a Montgomery Place, Peebles, EH45 8ET
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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
£641
Based on a loan of £131,250 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