DMD Law LLP says ..

Property Oracle says ..

The property is located in the City Centre of Edinburgh, Scotland. The location benefits from being within 0.52 KM of Haymarket train station, providing convenient access to public transportation. While there are schools listed nearby, the provided data does not include their Ofsted ratings or reports, preventing a comprehensive assessment of their quality. The surrounding area includes streets like Magdala Mews, Grosvenor Gardens, and Stanhope Place, offering some context for local pricing, however, average price per sqft data is missing for these streets.

Based on the images, the property appears to be in excellent condition. The interior is well-maintained and features modern updates such as the kitchen, while retaining traditional architectural details. There is no visible evidence of needing repair or renovation. The property has a period feel, with high ceilings and traditional features.

The plot size is listed as 0.00 SQFT, indicating that the property does not have a private garden. This is a common feature for flats in the City Centre.

The list price of £545,000 for a 1,169.87 SQFT flat is higher than the average price of £384,318 for the area. However, the average price per sqft in the area is £399.00, while the price per sqft for this property is approximately £466.67. This is significantly higher and needs to be considered in the context of the property’s condition, location, and lack of a garden. The higher price per sqft could be justified by the property’s excellent condition and desirable location in the City Centre, close to transport links. However, the absence of a garden and higher price per sqft compared to the area average suggests the price may be slightly inflated. Further analysis of comparable properties in the immediate vicinity would be beneficial to confirm this.

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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