Summary - 1F1, 8, GRASSMARKET EH1 2JU
2 bed 1 bath Flat
Central Old Town pied‑à‑terre or investor opportunity near Edinburgh Castle.
Period Victorian Gothic tenement built circa 1880 with sash windows and high ceilings
818 sqft first‑floor flat with two double bedrooms and spacious living/dining room
Freehold tenure — ownership without a leasehold ground rent
Offered below home‑report valuation, potential immediate value upside
Category B listed — consent and conservation restrictions apply to alterations
No private garden; parking limited to permit and pay & display on street
Council Tax band above average; area classified as very deprived
Ground‑floor commercial premises — possible street noise and footfall
Set on the first floor of a striking Victorian Gothic tenement on the north side of the iconic Grassmarket, this 818 sqft, two-bedroom flat combines period character with central‑Edinburgh convenience. High ceilings, sash and case windows and a period fireplace create strong rental and short‑stay appeal. Broadband speeds are reported fast and mobile signal excellent — useful for city workers and remote renters.
The flat is offered below the home‑report valuation, creating potential immediate value for an investor or a city pied‑à‑terre buyer. The layout provides a spacious living/dining room, separate kitchen, two double bedrooms and a bathroom, plus built storage; the property has gas central heating and traditional fittings.
Important constraints are factual and material. The building is Category B listed (c.1880), which will restrict external and many internal alterations and may increase maintenance/consent costs. The tenement includes ground‑floor commercial premises, so street activity and noise are possible. Council tax is above average and the local area is classified as very deprived, factors to weigh for long‑term investment assumptions.
Practical considerations: there is no private outdoor space and parking is limited to permit and pay & display on‑street provision. The freehold tenure simplifies ownership compared with a ground‑rent lease, but listed status means repairs and conservation obligations. For buyers seeking authentic Old Town character, strong location exposure and short walking access to transport and amenities, this flat offers clear appeal; buyers wanting unrestricted renovation or a suburban family home should note the building’s constraints.
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