El Atico, High Street, Melrose
MA

El Atico, High Street, Melrose

By Macpherson Property

£ 230,000

Reviews

3 out of 5 stars

Macpherson Property says ..

El Atico is a beautifully presented three-bedroom second-floor flat situated in the heart of the much sought-after Borders town of Melrose. With a shared main door entrance, with one other flat, the property occupies the entire second floor. Located within the town centre, and with the Borders G...

Property Oracle says ..

The property is located on the High Street in Melrose, Scottish Borders. The area benefits from relatively close proximity to Tweedbank and Galashiels train stations, offering convenient rail links. While specific details about nearby schools are unavailable, the map shows educational facilities in the vicinity. The High Street itself is a central location within Melrose, suggesting good access to local amenities and shops. The images show a well-maintained and modernised apartment. The interior is presented in excellent condition, with modern fixtures and fittings throughout. The kitchen and bathroom appear recently renovated, and the overall aesthetic suggests a high standard of finish. The property lacks a garden, as indicated by the plot size of 0.00 sqft. Considering the average property price in the area is £261,961, and the average price per sqft is £295, this apartment’s list price of £230,000 for 1220.28 sqft (£188.45 per sqft) appears to be reasonably priced, especially given its location, condition, and modern updates. The lower price per sqft compared to the area average could be attributed to the lack of outdoor space.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
8
Condition
9
Location
8
Land
1
Bedrooms
3
Bathrooms
1
Sqft (est)
1,220.28

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
376,133.00 £
Increased by 50.19 %
from 250,445.00 £
Est sale value
778,538.64 £
Increased by 131.16 %
from 336,797.28 £
Average area rental value
1,250.00 £/mo
Increased by 20.42 %
from 1,038.00 £/mo
Est letting value
2,440.56 £/mo
Increased by 100.00 %
from 1,220.28 £/mo
Est rental Yield
3.99 %
Decreased by 19.72 %
from 4.97 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Macpherson Property created the listing.

Images

El Atico, High Street, Melrose Sitting Room Dining KItchen Sitting Room Sitting Room Sitting Room Dining KItchen Dining Kitchen Bedroom 2 Hall Hall Principal Bedroom Principal Bedroom Principal Bedroom Bedroom 2 Bedroom 2 Bedroom 2 Window Bedroom 3 Shower Room Shower Room Shower Room Shower Room El Atico, High Street, Melrose Property Location Map

Nearby Streets

NameAverage PriceAverage SqftDistance
Saint Dunstan's Park £ 170,00000.00 KM
Market Square £ 000.00 KM
St. Mary's Road £ 450,00000.00 KM
Dingleton Loan £ 000.00 KM
Fordel Gardens £ 475,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Tweedbank9500TWB4.30 KM
Galashiels9329GAL9.72 KM

Nearby Listings

AddressPriceTypeScoreDistance
1 St Marys View, 25 Buccleuch Street, Melrose, TD6 9LB £ 200,000BUY6 / 100.00 KM
Abbey Court, Buccleuch Mews, Melrose £ 395,000BUY7 / 100.09 KM
13 Market Square, Melrose, TD6 9PQ £ 425,000BUY7 / 100.21 KM
16 Morow Gardens, Melrose £ 175,000BUY6 / 100.25 KM
Dingleton Road, Melrose, Scottish Borders, TD6 £ 625,000BUY7 / 100.43 KM