It is a city where a garage can go for £80,000 and house prices have risen month-on-month for years.
But now estate agents are touting what may be Edinburgh’s hottest property — a stylish flat going for more than £100,000 less than the average price for a home in the capital.
The one-bedroom flat close to the city centre is currently on sale for offers over £185,000 – far below the average price for a home in Edinburgh, which currently stands at £286,617.
The flat's bedroom...
... and kitchen
The UK House price index shows that property values have grown by almost ten per cent between December 2020 and the same month last year.
Currently, the average price for a flat in Edinburgh is £326,903, according to property search experts home.co.uk.
The Priesthill Place flat lies within walking distance of Arthur’s seat and Holyrood Park.
Estate agents MOV8 are handling the sale. Their spokeswoman said: “With the average property price in Edinburgh currently sitting at £286,617 it would be easy to think that you need a large budget to secure a stylish home in the capital.
“Not with this flat. 13/7 Piershill Place is on the market for offers over £185,000 and is oozing with class and full of interior inspiration."
She added: “The traditional Edinburgh tenement has a beautifully spacious living room, with large bay windows which let lots of daylight into the room. The room has been tastefully decorated with modern highlights sitting harmoniously with traditional features."
She added: “If you are looking for the perfect city-pad, with style and class, the property ticks all the boxes.”
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