1 bedroom flat

Average sale prices for 1-bed colony flat in Stockbridge (between October 2022 and December 2023), in good condition, was approx. £305,000.

12 Balmoral Place has a valuation of £250,000 based on the current condition and represents a huge opportunity to any established investor, developer or those looking for a small project.

Features:
* Idilic and historic Balmoral Place forms part of the highly desirable Stockbridge Colonies
* 12 Balmoral Place is a B listed ground floor, one bedroom flat with its own private front garden
* Requiring some refurbishment while also offering the opportunity of instigating an innovative approach to its lay out and spatial use
* The accommodation comprises: hall, living room, kitchen, double bedroom, and bathroom
* The flat will make a unique and desirable home or a very viable income generating investment and will appeal to a wide spectrum of potential buyers
Completed by 1876, by the Edinburgh Co-operative Building Company Association, the Stockbridge Colonies, of which Balmoral Place is part, lie in a quiet semi-rural setting on the northern boundary of iconic Stockbridge and form the best of the several comparable colony developments throughout Edinburgh, according to Historic Environment Scotland's listing.

12 Balmoral Place is a ground floor, one bedroom flat with its own private front garden. It is B listed and has a foot print of 49m2.

It will require some refurbishment with the further opportunity of instigating an innovative approach to its lay out and spatial use. Due to the ever-present popularity and social and cultural importance of Stockbridge, the flat will make a unique and desirable home or a very viable income generating investment and will appeal to a wide spectrum of potential buyers.

With its own front garden, the flat sits back from the street that is a cul-de-sac. The front door opens into the hall that provides access to all rooms and has a large cupboard that currently houses the cold-water tank and hot water cylinder. The east facing living room sits to the front of the property and has an appropriate cornice and fire place, as well as a traditional Edinburgh press. The west facing, naturally lit kitchen is at the rear of the flat and has recently fitted wall and floor storage, ample work surfaces, an integrated fridge freezer and slot in cooker and washing machine.

The bedroom is west facing and has a press and a further smaller storage cupboard over the doorway. This comfortable room is filled with light due to its well-proportioned sash and case window and ensures space for a double bed and free-standing furniture. The bathroom, with three-piece suite completes the accommodation.

Location
Balmoral Place is located on the northern boundary of Stockbridge, tucked away between Glenogle Road and The Water of Leith. The local shopping in Stockbridge is excellent, there is also a post office as well as a choice of fashionable and popular restaurants, bars and coffee shops and the weekly Sunday Market with its ever-increasing reputation is a great bonus.

Comely Bank has a Waitrose, while Craigleith Retail Park has an M&S food hall, and a Sainsbury's. The Colonies are easily within walking distance of Princes Street and George Street and the rest of the city centre with all it must share.

The Dean Tennis & Squash Club, The Grange Club and Glenogle Swimming Baths offer high standards of sporting and recreational facilities and the Water of Leith walkway, Inverleith Park and the Royal Botanic Garden are all nearby.

The area is well catered for with public transport and Haymarket, with the benefit of a tram stop, and Waverley railway stations are within easy reach. The City By-pass, Edinburgh International Airport and the wider central Scotland motorway network are all easily accessed.

Tenure: Freehold
Council Tax: Band C
EPC: Band F

Tenure: Freehold