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8 (3F3), Elgin Terrace, Edinburgh, EH7 5NN - Image 1
8 (3F3), Elgin Terrace, Edinburgh, EH7 5NN - Image 2
8 (3F3), Elgin Terrace, Edinburgh, EH7 5NN - Image 3
8 (3F3), Elgin Terrace, Edinburgh, EH7 5NN - Image 4
8 (3F3), Elgin Terrace, Edinburgh, EH7 5NN - Image 5
8 (3F3), Elgin Terrace, Edinburgh, EH7 5NN - Image 6
8 (3F3), Elgin Terrace, Edinburgh, EH7 5NN - Image 7
8 (3F3), Elgin Terrace, Edinburgh, EH7 5NN - Image 8
8 (3F3), Elgin Terrace, Edinburgh, EH7 5NN - Image 9
8 (3F3), Elgin Terrace, Edinburgh, EH7 5NN - Image 10
8 (3F3), Elgin Terrace, Edinburgh, EH7 5NN - Image 11

8 (3F3), Elgin Terrace, Edinburgh, EH7 5NN

Scotland

£235,000
Listed on 08/02/2026

Property Details

Bedrooms
1
Type
Flat
Area
753 sqft

Description

This one-bedroom top-floor flat presents a prime opportunity for investors and renovators alike, as it is in need of comprehensive modernization. Located conveniently with access to various shopping options, including major supermarkets, and well-connected by public transport, including the new tram service, the property is positioned to benefit from urban development. Nearby amenities such as the Omni Centre—complete with bars, restaurants, and a cinema—and the newly established St. James Quarter add further value to this location. The layout begins with a hallway featuring two built-in storage cupboards and an entry phone system. The spacious living room boasts several charming traditional elements like a bay window that frames views towards Calton Hill, along with an ornate cornice and ceiling rose that reflect its heritage. An Edinburgh Press and a small box room enhance the character of this area. At the rear, potential awaits in what could be transformed into a modern dining kitchen complete with a pantry cupboard and adjacent utility room which includes a sink unit and window for natural light. A double bedroom at the back offers peaceful living quarters while the bathroom features essential facilities including bath, WC, and wash hand basin. The communal rear garden provides outdoor space for relaxation or gardening enthusiasts. Additionally, zoned on-street parking is available. Note: The absence of central heating may require considerations for heating solutions during renovations.

Investment Analysis

(EH7 area)

Below Market Value

This property is priced -15.6% below area average per sq ft

-15.6%
Potential saving
This Property
£312/sq ft
Area Average
£370/sq ft
Avg Rent (weekly)
£299
Avg Yield
6.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£306,347
10% above area average per sq ft
Potential ROI
+11.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
85
Average per month
Market Turnover
207%
Properties sold annually

Local Market Trend (EH7)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 7.8%
5 year growth: 16.4%
Investment Disclaimer: Analysis based on EH7 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

8 (3F3), Elgin Terrace, Edinburgh, EH7 5NN
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£848
Based on a loan of £176,250 over 30 years at 4.06% 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