Revere says ..

Property Oracle says ..

This Category A-listed double upper apartment located at 62 Flat 2 Queen Street, Edinburgh, EH2 4NA, offers a prime city-centre address within Edinburgh’s prestigious New Town. The property boasts captivating views across Queen Street Gardens West to Fife, placing it within walking distance of George Street, Charlotte Square, and Princes Street. This is a significant advantage given the location’s desirability and the many amenities nearby, including shops, restaurants, and cultural attractions. Transport links are also excellent, with various train stations easily accessible.

However, the property is currently in need of significant modernisation. The interior photographs reveal dated décor, worn carpets, and outdated kitchen and bathroom fixtures. Potential buyers should budget for substantial renovation costs before the property is habitable. The lack of outdoor space is a further drawback, though typical for city-centre flats.

While the address alone commands a high price, the required investment to bring the flat to a modern standard must be factored into the overall assessment. The price reflects the location but does not fully account for the scale of renovation work needed. Despite needing renovation, the location, view and prestigious address makes it a good investment opportunity. Prospective buyers should conduct a thorough survey to accurately assess the repair and refurbishment costs before committing to a purchase.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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