Coulters says ..

Property Oracle says ..

The property is located in Marchmont, Edinburgh, a desirable area known for its Victorian and Edwardian architecture. The location benefits from proximity to green spaces, including the Meadows, offering recreational opportunities. The area’s transport links are also a positive, with several train stations within a reasonable distance. However, the distance to schools needs further investigation to determine the quality and accessibility of local schooling.

The property itself is a four-bedroom flat with a sizeable square footage (1,311.65 sqft). Based on the images provided, the property is in need of significant renovation. The interior shows considerable wear and tear, requiring substantial work to bring it up to modern standards. The presence of exposed stonework and original features suggests it could be a period property, adding potential value following renovation.

The plot size of 1,801.00 sqft is relatively small for a property of this type, but considering it’s a flat, this is not unusual. The images show a small garden area, which is a positive feature.

Compared to the average price per square foot in the area (£354), the list price of £550,000 seems high, especially given the condition of the property. While the location is desirable, the necessary renovations will add substantial costs, making the current asking price potentially inflated. Nearby comparable properties are limited in the provided data, hindering a more precise price comparison. Further analysis of local comparable properties in similar condition would be beneficial in determining a more accurate valuation.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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