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23 Greenbank Park, Edinburgh, EH10 5SP - Image 1
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23 Greenbank Park, Edinburgh, EH10 5SP

Scotland

£550,000
Listed on 30/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
980 sqft

Description

This charming three-bedroom detached bungalow presents a distinctive opportunity for those looking to invest in a property with significant renovation potential. Nestled in the sought-after Greenbank area, this home is perfect for buyers eager to create their dream space or capitalize on its investment appeal through refurbishment and possible extension, pending necessary permissions. As you enter, you are greeted by a panelled hallway that leads seamlessly to all living areas. The loft space above, already floored, offers an additional feature that could be transformed into extra bedrooms or a bathroom, enhancing the property's value. The living room, adorned with a bay window and elegant stained glass accents, boasts a traditional fireplace that serves as a focal point of the space. Adjacent to this is the principal bedroom, also featuring a bay window and Edinburgh press; it is currently utilized as a dining room but holds great potential as a comfortable sleeping area. The kitchen is equipped with an array of fitted units and appliances, providing direct access to the outdoors—ideal for those who envision expanding their living space into the garden. Two further double bedrooms at the rear overlook the tranquil garden setting, each accompanied by its own Edinburgh press for added storage. The property's bathroom includes essential amenities such as a bath, sink, and WC. Heating is facilitated by gas central heating from a boiler located in the lounge’s cupboard. The single-glazed timber windows retain some period charm while offering scope for modern upgrades. Outside, the expansive lawned rear garden provides a serene backdrop surrounded by mature trees and shrubs, making it perfect for outdoor activities or future landscaping projects. The front garden features low-maintenance paving alongside shrubs, while off-street parking is convenient with a driveway leading to a single car garage, supplemented by free on-street parking options. Located within reach of highly regarded schools like South Morningside Primary and Boroughmuir High School, this property benefits from excellent transport links to the city center and proximity to ample green spaces for leisurely walks. This bungalow not only offers a fantastic location but also invites creative renovations that can transform it into an extraordinary family home or an attractive rental investment.

Investment Analysis

(EH10 area)

Above Market Value

This property is priced +31.6% above area average per sq ft

+31.6%
This Property
£561/sq ft
Area Average
£427/sq ft
Avg Rent (weekly)
£343
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£459,821
10% above area average per sq ft
Potential ROI
-27.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
92%
Properties sold annually

Local Market Trend (EH10)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 4.0%
5 year growth: 9.7%
Investment Disclaimer: Analysis based on EH10 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

23 Greenbank Park, Edinburgh, EH10 5SP
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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
£2,015
Based on a loan of £412,500 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