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Old Easter Housebyres, Melrose

Scotland

£645,000

Listed on 20/05/2026

Property Details

Bedrooms
5
Type
House
Area
3087 sqft

Description

Situated in a serene upland valley above the Tweed, this five-bedroom farmhouse presents a promising opportunity for renovation enthusiasts and investors. Old Easter Housebyres is framed by attractive vernacular outbuildings and set within its own grounds, offering stunning views of the Borders countryside while remaining conveniently close to Galashiels and Melrose. The property's location not only provides access to picturesque rural landscapes but also positions it within commuting distance to Edinburgh, enhancing its appeal for potential buyers seeking balance between city access and countryside living. The farmhouse retains many original features, making it ripe for modernization. Although it has not been refurbished since the 1970s, its solid stone construction with slate roofing suggests considerable structural integrity. Given the traditional layout with multiple reception rooms, a spacious kitchen/breakfast room, and five bedrooms upstairs, this property offers ample space for reconfiguration or enhancement. Additionally, the surrounding steading buildings offer even more renovation potential—perfect for creating additional living spaces, offices, or rental opportunities. The mature gardens and paddocks add further charm and could be ideal for those interested in equestrian activities or simply enjoying nature's tranquility. With so much untapped potential in a highly desirable area known for recreation and beauty, Old Easter Housebyres represents an excellent investment opportunity ready for reinvention.

Investment Analysis

(TD6 area)

Below Market Value

This property is priced -8.8% below area average per sq ft

-8.8%
Potential saving
This Property
£209/sq ft
Area Average
£229/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£90,000 - £150,000
Target Value
£778,294
10% above area average per sq ft
Potential ROI
-2.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (TD6)

Area prices are stable by -1.8% over the last 12 months
3 year growth: +2.1%
5 year growth: +40.5%
Investment Disclaimer: Analysis based on TD6 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

Old Easter Housebyres, Melrose
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,301
Based on a loan of £483,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

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