Wilson Ward says ..

Property Oracle says ..

The property is located in the Southside/Newington area of Edinburgh. This area is known for its proximity to the city centre, good schools, and green spaces such as Arthur’s Seat and The Meadows. The average price per sqft in the area is £305.00, however, the average house price is £501,909 which is significantly higher than the list price of this property. The property itself is a 2-bedroom flat with a small garden. Based on the provided images, the property is in need of significant modernisation and repair. The walls and ceilings show signs of damp and the flooring requires replacement. The bathroom also needs updating. The plot size is 741 sqft, which is relatively small compared to the average property size in the area. Given the condition of the property, the need for renovation, and the relatively small plot size, the list price of £240,000 may be considered reasonable, especially when compared to the significantly higher average house prices in the area. However, it is important to note that the lack of information on comparable properties makes a definitive conclusion difficult. The property’s location is a positive factor, offering access to amenities and transport links, but the condition significantly impacts its overall value.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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