New Street, Edinburgh, EH8

A superbly located two-bedroom apartment in the heart of Edinburgh's Old Town, fully renovated in 2019 and enjoying an open outlook to Calton Hill.

Set on the first floor of a handsome traditional building of only four apartments, 43/2 New Street occupies one of the city's most enviable positions: a quiet street set just back from the Royal Mile, yet within a few minutes' walk of Waverley Station, the Palace of Holyroodhouse and Edinburgh Castle. It is a rare thing in the Old Town, a home that feels genuinely central without sitting in the thick of the crowds.

The apartment underwent a full renovation in 2019 and is presented in genuine walk-in condition throughout, with a bright, calm interior, generous natural light and a layout that works equally well as a permanent home, a city base or a lock-up-and-leave second property. That programme of works included a new kitchen, a new boiler and a new front door, and the quality of the finish has been maintained carefully in the years since. A buyer should have nothing to spend.

Accommodation

A private front door opens into a welcoming entrance hallway with hanging and storage space, a full-length mirror and the Nest control for the gas central heating.

The open-plan living and dining room is the heart of the apartment, a bright, well-proportioned space comfortably accommodating a corner sofa and a dining table seating four, extending to six. Two aspects give the room its character: a window framing the view across to Calton Hill, and Juliet-balcony windows opening over the peaceful rear courtyard, bringing in light and air while keeping the room quiet.

The kitchen is fitted with a good range of contemporary units and integrated appliances, including a Siemens gas hob and oven, dishwasher, washing machine, fridge-freezer and microwave, with ample worktop and storage for everyday cooking.

There are two well-proportioned double bedrooms, each flexible in configuration and able to take either a king-size or twin beds. Bedroom one looks over New Street and up towards the Royal Mile; bedroom two enjoys the quieter rear aspect over the courtyard. Both offer hanging space and comfortably take freestanding furniture.

The bathroom is fully tiled and modern, with a bath and shower over, wash-hand basin, WC, heated towel rail and a large wall mirror.

Further benefits include gas central heating throughout, served by a boiler installed as part of the 2019 renovation and controlled by a Nest system, USB charging points fitted across the apartment, and a well-maintained, secure common entrance.

Location

New Street sits at the eastern end of the Royal Mile, in the middle of Edinburgh's UNESCO World Heritage Old Town. The Scottish Parliament, Holyrood Park and Arthur's Seat lie a short walk in one direction; St Giles' Cathedral, the Castle and the National Museum of Scotland in the other. Calton Hill is minutes away on foot.

Day-to-day shopping is well served by a Tesco on Holyrood Road and M&S Food at Waverley, with an exceptional choice of independent cafés, restaurants and bars on the doorstep. Waverley Station and Edinburgh Bus Station are both within easy walking distance, and the tram, city bus network and the airport link are readily accessible, making the apartment a genuinely car-free proposition. Metered street parking and a nearby multi-storey car park serve visitors.

An established letting record

The apartment has been operated successfully by the current owner as a short-term let for seven years, holding an excellent guest rating across several hundred stays, and is currently licensed by the City of Edinburgh Council on a 3 year licence

Any transfer of that licence to a purchaser is a matter for application to and approval by the City of Edinburgh Council, and a new owner may not operate under the existing licence until such a transfer has been approved. Edinburgh is designated a short-term let control area in its entirety, and interested parties should satisfy themselves as to the planning position for their own intended use of the property. Available to purchase furnished by separate negotiation.

Particulars
Price: Offers Over £335,000
Tenure: Freehold (heritable title, owned outright)
EPC Rating: Band C
Council Tax Band: Band C
Factor / common charges: None. There is no factoring arrangement in place; common repairs are shared between the four proprietors in accordance with the title deeds.
Viewing: Strictly by appointment through Mowatt Move Smarter Ltd
Declaration of personal interest

In accordance with Section 21 of the Estate Agents Act 1979, Mowatt Move Smarter Ltd hereby declares that the owner of this property is a director of Mowatt Move Smarter Ltd.