Current List of Below Market Value Properties in Edinborough
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Why should you look for repossessed houses for sale in Edinburgh? Well, the capital city of Scotland has been ranked as the best large European city for foreign investment in the recent European Cities and Regions of the Future awards; if it’s good for foreign investors then it must be good for local investors too, so Edinburgh is a marvellous place to look for repossessed properties for sale. And, back in 2007, the Channel 4 property programme Location, Location, Location, voted Edinburgh the best place to live in the UK.
The city of Edinburgh is diverse and multi-cultural with participation from all members of the community in the various festivals and cultural events actively encouraged.
A third of those who work in the city commute in from the suburbs and, even more interesting for potential property investors in Edinburgh, the commute time to Glasgow is just 50 minutes; a very commutable time that will reduce even further with the proposed high-speed rail link.
There are four distinct residential areas in Edinburgh:
The home of Edinburgh Castle and Holyrood House is also home to thousands of ordinary people who live in the residential districts of both the Georgian Old Town and New Town
Once the artists’ quarter, North Edinburgh is now the chosen home of the upwardly mobile and overflows with boutiques and smart delicatessens. Leith, the nominal capital of the area is a ten minute bus-ride from the city centre. There is an enormous riverside regeneration programme underway, creating Waterfront City, to include residential, business, retail, and leisure facilities. Definitely a region that is ‘on the up,’ and one where buying a repossessed property should pay dividends.
East Edinburgh is, to all intents and purposes, the city’s seaside resort; just a twenty minute bus-ride from the city centre.
The city’s garden suburbs and address of Murrayfield, the home of Scottish rugby. There are also a number of business parks providing employment, as well as Herriot Watt University, a centre for business and technology learning.
- Located – Scotland
- Miles from London – 332 miles north west
- Density: Edinburgh- 1,853 people per km2 (2010)
- Density: London – 4,761 people per km 2
- Population: Edinburgh – 486,120 (2010)
- Population: Greater London – 7,753,600 (2009)
Edinburgh Property Values Q1 2012
Currently there are around 750 properties for sale in Edinburgh, with an average price of £224,790. This figure represents a rise of £16,530 (7.70%) over the past year and £5,500 (2.44%) over the past five years. The rental market is buoyant, with the average monthly rent sitting at £911 pcm; there are currently 1,600 properties on Edinburgh’s rental market.
Current BMV Property for Sale in Edinburgh
Wardieburn Drive, Edinburgh EH52
Two bedroom flat for sale comprising: – Hallway, Lounge, Kitchen, 2 Double Bedrooms and Family Bathroom, Double Glazing and Gas Central Heating.
This property comes recommended for first time buyers and investors.
Offers over £55,000
Apartments in this are are currently valued at an average of £162,576 or £209 per square foot.
Westburn Grove, Edinburgh EH14
Valued by the RICS as worth £80,000 this three bedroom apartment is on the market for significantly below market value. Benefits from:
- First Floor Flat
- 3 Bedrooms
- 2 Reception Rooms
- Double Glazed & Centrally Heated (Where Specified)
- Communal Gardens
- Communal Parking
- No Onward Chain & No Stamp Duty
Offers over £55,950
Flats in the area are currently valued at £151,354, representing £227 per square foot.
Lambs Court, Edinburgh EH6
Offered to market at 22% Below RICSValue this cottage is in the village of Newhaven, and lies at the line of a prehistoric raised beach. Part of the North Leith Parish.
The property boasts:
- Exclusive Location
- Two Bedrooms
- Potential for 3rd Bedroom in 20ft Loft
- No Chain
Offers over £164,950
Semi-detached properties in the area are currently valued at £319,039, representing £193 per square foot.
Edinburgh Repossessed and Below Market Value (BMV) Auction Agents
Slater Hogg & Howison
3 North West Circus Place, Edinburgh EH3 6ST; Tel: 0191 300 8558
SVA Property Auctions
13 Great King Street, Edinburgh EH3 6QW; Tel: 0131 624 6640
We hope you find this brief overview of repossessed houses for sale in Edinburgh inspiring. Whether you are looking at BMV properties in Edinburgh for investment purposes or a potential home, you will find an enormous choice in this beautiful and historic city.