Savills says ..
Rare residential development opportunity in Edinburgh’s New Town
Property Oracle says ..
This listing presents a rare development opportunity in Edinburgh’s prestigious New Town. The property consists of a vacant plot of land located on Gayfield Square. The location is exceptionally desirable, with nearby streets exhibiting high average property prices and rental values, indicating strong demand in the area. The proximity to Edinburgh Waverley railway station ensures excellent transport links. While the absence of a structure prevents any assessment of building condition, the land itself offers significant potential for a developer. The listed price of £2,000,000 requires further analysis considering the plot size and the proposed development to verify if it represents good value. The absence of specific details regarding the plot size and permitted development options makes a complete valuation challenging. More information is necessary to thoroughly assess the true potential and value of this development site.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 1
- Location
- 9
- Land
- 5
- Bedrooms
- 0
- Bathrooms
- 0
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
- 322,952.00 £Decreased by 27.89 %
- Average area rental value
- 1,604.00 £/moDecreased by 7.50 %
- Est rental Yield
- 5.96 %Increased by 28.17 %
- Crime Rate
- 0.00 %
Agent Activity
Savills created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Merchiston Castle School | Offshore Schools | 9.10 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Hart Street Lane | £ 0 | 0 | 0.00 KM |
| Annandale Street | £ 413,333 | 0 | 0.00 KM |
| Green Street | £ 0 | 0 | 0.00 KM |
| Cathedral Lane | £ 0 | 0 | 0.00 KM |
| Montgomery Street Lane | £ 340,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Edinburgh | 9328 | EDB | 0.79 KM |
| Haymarket | 9419 | HYM | 3.83 KM |
| Slateford | 9236 | SLA | 7.26 KM |
| Brunstane | 8807 | BSU | 9.65 KM |
| Kingsknowe | 9217 | KGE | 9.77 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| 11 Gayfield Square, Edinburgh | £ 2,000,000 | BUY | 5 / 10 | 0.00 KM |
| 3/2 Gayfield Street, New Town, Edinburgh, EH1 3NR | £ 220,000 | BUY | 6 / 10 | 0.04 KM |
| Gayfield Square, New Town, Edinburgh | £ 785,000 | BUY | 6 / 10 | 0.08 KM |
| 85/10 East London Street, Broughton, Edinburgh, EH7 4BQ | £ 370,000 | BUY | 6 / 10 | 0.10 KM |
| Gayfield Square, New Town, Edinburgh, EH1 | £ 660,000 | BUY | 7 / 10 | 0.13 KM |