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10 Eildon Terrace, Melrose, TD6 9QJ

Scotland

£115,000

Listed on 26/05/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
549 sqft

Description

Nestled in a desirable residential area of Melrose, this two-bedroom semi-detached bungalow presents an intriguing opportunity for those looking to make a mark on their living space. Built in the Montrose style with non-traditional construction, the property is competitively priced to reflect its current state and the necessary updates needed. With its generous plot size, the bungalow boasts expansive gardens at both the front and back, offering ample possibilities for landscaping or future extensions (subject to necessary approvals). The open views toward the Eildon Hills enhance the feeling of space, making it a peaceful setting just moments from the town center. Additional advantages include private off-street parking at the rear—a significant asset in this sought-after locale. Internally, the layout provides a comfortable base with considerable room for modernization tailored to personal preferences. This property represents a unique chance for first-time buyers, those downsizing, or investors seeking to enhance value through renovation while enjoying a tranquil yet connected lifestyle.

Investment Analysis

(TD6 area)

Below Market Value

This property is priced -8.6% below area average per sq ft

-8.6%
Potential saving
This Property
£209/sq ft
Area Average
£229/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£138,414
10% above area average per sq ft
Potential ROI
-10.7%
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

10 Eildon Terrace, Melrose, TD6 9QJ
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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
£410
Based on a loan of £86,250 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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