5 Graham Street, Peebles, EH45 8JP

At £95,000, this flat is priced well below the local average per square foot, giving a buyer a relatively low entry point in a traditional stone property with its own front and back doors and an enclosed rear garden. The garden and the previously obtained warrant for an internal layout reconfiguration add scope to shape the home around a new plan, though the warrant’s current status and scope should be checked.

This is a heavy project: the kitchen and internal finishes are substantially dated or stripped, floor coverings are worn in several rooms, and the listing calls for full renovation including renewal of the electrical installation. The low purchase price does not resolve the economics: purchase plus a mid-to-substantial works programme leaves costs stretched against local benchmarks for a flat of this size, rather than indicating any post-works value. The traditional stone exterior appears generally intact in the available views.