ALLIED SURVEYORS SCOTLAND says ..

Property Oracle says ..

This listing is for a single car parking space located in a secure underground car park in central Edinburgh, at No 119 New Silvermills Car Park, NW Cumberland Street Lane (EH3 6RF). The car park itself is modern, with automatic roller shutter access and an EV charging point (currently unconnected). The location is convenient, situated within Edinburgh’s city centre and reasonably close to Edinburgh Rail Station. While the immediate vicinity isn’t overly detailed in the information provided, the proximity to higher value areas indicates it is within a relatively desirable section of the city. The images showcase a clean and functional underground car park, appearing well-maintained structurally. The lack of land associated with this type of purchase is evident; it’s solely a parking space. The price, at £45,000, is notably high for a single space, but it reflects the premium associated with central Edinburgh parking in a secure, modern facility. The price requires careful consideration by a prospective buyer, balancing the convenience and security against the significant cost. Note that the lack of specific property data (such as exact dimensions of the space) hinders a more precise valuation. Overall, it provides a secure parking solution in a sought-after city location, but buyers should evaluate if this premium justifies the expense for their needs.

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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