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5 Mitchell Street, Dalkeith, EH22 1JQ

Scotland

£298,000
Listed on 18/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
904 sqft

Description

Introducing this stone-built mid-terraced villa, located within the desirable town of Dalkeith in Midlothian. This property presents an exciting opportunity for renovation enthusiasts and investors alike, offering a solid foundation to create a contemporary home or rental property. The accommodation includes two bedrooms, with one spacious double featuring fitted storage and a single bedroom ideal for guests or study space. The living room boasts an attractive bay window that fills the space with natural light and showcases a charming feature fireplace. The dining kitchen, complete with appliances, leads to a utility room that provides convenient access to the rear garden. A study on the ground floor adds versatility to the layout, catering to those who work from home or need extra living space. This property's extensive split-level garden at the rear is a notable highlight, offering ample outdoor potential and room for future enhancements. There is also an option to extend the property, as previous planning approvals suggest feasibility (subject to new consents). With gas central heating and double glazing in place, essential modern comforts are already established. Situated just south of Edinburgh, Dalkeith serves as an attractive commuter hub with quick access options via car, bus, or train. The town features a vibrant High Street rich in local shops, cafes, and restaurants, along with major supermarkets like Morrisons and Lidl for daily conveniences. Nearby Fort Kinnaird expands shopping opportunities further. The area is steeped in history with notable landmarks such as Dalkeith Palace set within sprawling grounds that include Dalkeith Country Park—ideal for leisurely walks and family activities. Outdoor pursuits are complemented by local leisure facilities and nearby golf courses, making it easy to embrace an active lifestyle. With unrestricted on-street parking available and excellent transport links close by—including the Edinburgh City Bypass—this property not only presents immediate living potential but also long-term investment viability in a growing community.

Investment Analysis

(EH22 area)

Above Market Value

This property is priced +28.2% above area average per sq ft

+28.2%
This Property
£330/sq ft
Area Average
£257/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£255,660
10% above area average per sq ft
Potential ROI
-19.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (EH22)

Area prices are rising by +5.9% over the last 12 months
3 year growth: 10.5%
5 year growth: 17.7%
Investment Disclaimer: Analysis based on EH22 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 Mitchell Street, Dalkeith, EH22 1JQ
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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
£1,092
Based on a loan of £223,500 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