1 bed flat for sale

6A (2F4) Picardy Place, New Town, Edinburgh EH1

** cash buyers only - fixed price £125K**

The property is an ideal investment proposition and last achieved £800 pcm on the long-term rental market. We estimate the current rental figure to be between £825 - £850 pcm (circa 8% return). All safety certificates are still valid and can be transferred to the new owner.

Unique and rarely available second floor studio apartment in a traditional tenement with unrestricted skyline views towards the Firth of Forth and beyond. The property is located in the heart of Edinburgh's New Town with all city centre amenities on the doorstep.

Accessed via a communal stairwell with skylight providing natural light, the accommodation comprises: Hallway; sitting/dining room/kitchen/bedroom with two built-in storage cupboards; and a fully tiled shower room with shower cubicle, wash hand basin and WC which completes the accommodation.

The property has the benefit of electric heating and on street permit parking which is available on surrounding streets (Zone 2).

Previously let on the long term rental market with most rent achieved being £800pcm. In the current market, the new rental figure would be in the region of £850pcm.

A unesco World Heritage Site characterised by striking Georgian and neo-classical architecture, cobbled crescents and beautiful private gardens, the New Town promises the ultimate city lifestyle. While bustling Princes Street and George Street are lined with high-street stores and luxury retailers, the area is also home to a rich array of independent shops and boutiques, exclusive art galleries and designer studios, plus an endless choice of artisan coffee shops, bars, restaurants and eateries. It is also considered the cultural mecca of the capital, with the National Portrait Gallery and Scottish National Galleries, as well as the Edinburgh Playhouse all in the vicinity. At the heart of the city, the New Town nevertheless encompasses some of the capital’s most cherished public parks and green spaces, including the world-renowned Royal Botanic Garden. Locals enjoy fantastic public transport services, including a vast network of buses travelling across the city, the tram stop on Picardy Place, which provides a swift and easy route from Newhaven to Edinburgh International Airport, as well as national rail travel from Waverley station.

The property is being sold as seen (with the exception of the ladders in the cupboard). No warranties or guarantees will be provided.

Under the hmrc Anti Money Laundering legislation, all offers to purchase a property on a cash basis or subject to mortgage require evidence of source of funds and required to produce proof of identity and proof of address. This is acceptable either as original or certified documents.

EPC: D
Council Tax: A - £1442.60 inclusive of water and sewage* (*based on 2025/2026 tax year) - The City of Edinburgh Council
Tenure: Freehold
Electricity Supply: Mains connection – A circuit breaker distribution board is fitted and located adjacent to the front door.
Water Supply: Scottish Water
Sewerage: Scottish Water
Heating: Electric wall mounted panel radiator. There is also an electric towel rail within the shower room.
Broadband: 1000 mbps (Potential download speed)
Mobile Signal/Coverage: Full 4G and potential 5G outdoor coverage
Parking: On street permit and pay-and-display parking is available on surrounding streets under zone 2 (Permits obtained upon application to The City of Edinburgh Council and payment of fees)

All statements contained herein are believed to be correct but are not guaranteed and interested parties must satisfy themselves as to their accuracy.