Summary - Thistle Street Lane North West, Edinburgh, EH2 EH2 1EA
4 bed 2 bath Flat
Ready-made HMO in a C-listed Georgian building with immediate rental income and central location..
Four-bedroom tenanted HMO in Edinburgh New Town
Immediate income: £38,400 pa, 7.8% current yield
Home Report value £525,000; asking price £490,000
C-listed building — listed status will complicate changes
Timber single-glazed windows — higher maintenance and heat loss
Furnished let, tenants in situ — investor purchase only
115 sq m (1,118 sq ft) first-floor apartment
EPC C; area classed as deprived despite central location
A rare, ready-made buy-to-let in Edinburgh’s New Town, offered with four tenants in situ and immediate income. The apartment occupies the first floor of a C-listed Georgian building (c.1820), combining generous room sizes, high ceilings and period stonework that attract long-term student and commuter demand.
Financially strong: current annual rental income £38,400 (7.8% yield on asking price £490,000) and a Home Report valuation of £525,000. The property is HMO-compliant and furnished, making it straightforward for an investor seeking immediate cash flow with central-location appeal.
Known constraints are significant and factual: the building is C-listed, which restricts alterations and may complicate maintenance or refurbishment. Windows are timber single-glazed (higher heat loss and upkeep), and the property sits in a relatively deprived area despite its central address. EPC C is middling for energy efficiency.
This is a specialist acquisition suited to experienced landlords or investors comfortable managing listed-property obligations and tenant-in-situ purchases. No buyer fees are payable, but factor listed-building consents and potential retrofit costs into any offer.
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