If you didn’t manage to catch the recent episode of Channel 4’s property show Location, Location, Location, which saw presenters Kirstie Allsopp and Phil Spencer, travel to Edinburgh, then you will undoubtedly have heard the viewers’ – and media’s – response to property prices.
With a healthy budget of £950,000 to spend, the couple were keen for a four-bed property in the vibrant Stockbridge area of the capital. Yet, all they could afford there was a flat. Yes, that’s right – a flat. The nation was shocked at property prices in Edinburgh but, here at The Home Report Company, the office team were hardly surprised.
In the past year, average house prices in Scotland have jumped by 8.4% with Edinburgh remaining the most expensive place to buy, despite a more restrained increase of 5.3%, according to Registers of Scotland. Thankfully, the average price of a house in the capital was significantly less than Location Location Location’s budget of £950,000, at a more reasonable £262,000, according to the Scottish Government’s Scottish Housing Market Review. But, that’s still nearly £100,000 higher than the Scottish average of £164,000 for the same period.
What you can buy for £950,000 elsewhere in Scotland.
So, there’s little doubt that £950,000 could buy most of us A LOT of house. We decided to find out just what you can get elsewhere in Scotland for that budget.
You could have your very own five bed sprawling dream home, complete with orchard garden and 1.64 acres of land in East Lothian, for offers over £860,000. There’s also a five bed modern detached home in North Berwick for £780,000. Or how about an inspiring modern country house with views over the Tay Valley and walking distance from Aberfeldy. Set in over 3 acres of land, the five bed house offers the ultimate in luxury living for offers over £875,000.
A historic Highland home, refurbished to the highest spec, could have been snapped up for offers over £595,000. With far reaching views over the Cairngorms, interiors that wouldn’t look out of place in a glossy magazine and a summer house, this is one house that impresses. There’s also a stunning Arts and Crafts house by Edwin Lutyens in Helensburgh available for offers over £875,000. The original Ferry Inn is now an extensive family home with a one bedroom cottage on the grounds and the beach on the doorstep.
In Glasgow there’s a six bed Victorian villa in the Pollokshields area, bursting with period architectural features for offers over £950,000 – or a modern, bespoke architect designed house in Thortonhall for offers over £950,000.
And if Edinburgh is your location, location, location then you could always boast the best views across the capital with this three bed duplex by the castle for offers over £750,000.
Looking to Sell?
If you’re looking to move house, or just keen to know how much your property is worth, then one of our team would be delighted to conduct a Home Report or Private Valuation Report. Unsure which is best for you? Well, a Home Report Scotland is a detailed report required by the seller before a property can go on the market, whereas a Private Valuation Report is a professionally prepared, unbiased and independent valuation report which solely focuses on a property’s market condition and value.
If you’re looking for a proper valuation (as opposed to an estimate by an estate agent), then we’re here to help. We have offices across Scotland and our highly experienced Chartered Surveyors, all regulated by the RICS, are available 7 days a week, at times that suit you. We also aim to deliver your Home Report within two working days, at competitive prices.
Call us on 0131 608 0175 or email email@example.com