Niksen Property says ..

Property Oracle says ..

The property is located in Inverleith, Edinburgh, a desirable area known for its proximity to green spaces and good schools. The average house price in the area is £432,407, and the average price per square foot is £333. While the property is smaller than the average at 589 sqft, its location in a sought-after area could justify a higher price per square foot. The nearby streets show a range of average prices, with Queen’s Avenue South being the most comparable at £525,000. However, without more information on the specific size and characteristics of properties on these streets, a precise comparison is difficult. The presence of several train stations within a reasonable distance provides convenient access to public transport. Schools are also within reach, although the provided information lacks details on their quality.

The property appears to be in good condition, with a recently modernised kitchen and bathroom. The staircase shows some wear and tear, suggesting that some minor maintenance or cosmetic work may be required. The property has a small plot size of 831.20 sqft, which is considerably smaller than the average plot size in the area. This is a significant factor affecting the overall value.

Given the property’s location in a desirable area, the relatively good condition, and the small plot size, the list price of £650,000 appears to be at the higher end of the market. The average price per square foot in the area is £333, but the property’s location and condition could justify a premium. However, the small plot size may offset this premium to some extent. More information on comparable properties in the immediate vicinity would be needed to provide a more definitive assessment of the price’s reasonableness.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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