Steel's Place, Morningside, Edinburgh, EH10
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Steel's Place, Morningside, Edinburgh, EH10

By Northwood

£ 350,000

Reviews

3 out of 5 stars

Northwood says ..

Forming part of a traditional tenement building on a no-through road right in the heart of Morningside, this main-door ground-floor flat offers two bedrooms, a large reception room, a kitchen, and two bathrooms, all presented with modern fixtures and fittings, tasteful décor, and a weal...

Property Oracle says ..

Morningside is a desirable area of Edinburgh, known for its attractive residential streets, independent shops, and proximity to green spaces. The property’s location within Morningside is a positive factor, although specific proximity to amenities like schools and transport links would require further information. The average price per square foot in the area is £354, which provides a useful benchmark for evaluating the listed price. Based on the provided images, the property appears to be in good condition. The interior shows a well-maintained apartment with modern fixtures and fittings in the kitchen and bathrooms. There is evidence of some original features, suggesting a traditional style that has been updated. The property benefits from a small, enclosed rear garden, which is a valuable addition, particularly in a city centre location. While the plot size is relatively small, the presence of a private outdoor space is a positive attribute. Considering the property’s location in Morningside, its good condition, and the inclusion of a garden, the list price of £350,000 appears reasonable compared to the average price of £480,825 for the area. However, the significant difference in average square footage (1,356 sqft vs 1,045.93 sqft) should be taken into account. The lower square footage of the property might justify the lower list price compared to the area average. Further analysis of comparable properties in the immediate vicinity would provide a more precise evaluation of the price.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
8
Location
9
Land
6
Bedrooms
2
Bathrooms
2
Sqft (est)
1,045.93

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
488,158.00 £
Decreased by 3.53 %
from 506,045.00 £
Est sale value
640,109.16 £
Increased by 62.33 %
from 394,315.61 £
Average area rental value
2,178.00 £/mo
Increased by 7.93 %
from 2,018.00 £/mo
Est letting value
2,091.86 £/mo
Increased by 100.00 %
from 1,045.93 £/mo
Est rental Yield
5.35 %
Increased by 11.69 %
from 4.79 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Northwood created the listing.

Nearby Schools

NameTypeOfstedDistance
Merchiston Castle SchoolOffshore Schools5.28 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Cluny Avenue £ 1,222,50000.00 KM
Abbotsford Park £ 000.00 KM
Stable Lane £ 000.00 KM
The Crescent £ 387,00000.00 KM
Fairacre Court £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Haymarket9419HYM2.24 KM
Edinburgh9328EDB3.53 KM
Slateford9236SLA3.84 KM
Kingsknowe9217KGE6.30 KM
Wester Hailes9231WTA8.50 KM

Nearby Listings

AddressPriceTypeScoreDistance
Steel's Place, Morningside, Edinburgh, EH10 £ 350,000BUY7 / 100.00 KM
5 (3F2), Steel's Place, Morningside, Edinburgh, EH10 4QR £ 225,000BUY7 / 100.05 KM
Flat 1, 7, Canaan Lane, Morningside, Edinburgh, EH10 4SZ £ 340,000BUY7 / 100.05 KM
6B Canaan Lane, Morningside, Edinburgh, EH10 4SY £ 560,000BUY5 / 100.07 KM
201/1 Morningside Road, Edinburgh, EH10 4QP £ 395,000BUYUnknown0.08 KM