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Buying

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  1. Buying

    Edinbugh Latest

    I'd expect a 3 double bedroom in EH10 to fetch quite a bit more than 3k in August, perhaps around the 5k mark. I know of a city centre 3 double bedroom (all with ensuites) city centre apartment that has reached 7k for August this year. 2 bedroom apartments with only 1 or 2 bath easily fetch over 3k. Number of bath/shower rooms is important if you are marketing for 6 guests though.
  2. I have to say... I'm in one of these properties a lot, a 2 BR that is quite high up and backs to the parkland and has fantastic views, and its lovely when you can open the sliding glass windows, but they are so square, small, and characterless, Smeg appliances or not! Maintenance is ongoing with these properties too (at least the glass ones), something you wouldn't expect. Concierge are very nice/helpful, cant say the same for the other departments.
  3. Credit where credit is due, the English did invent the tea towel though.
  4. Buying

    Edinbugh Latest

    Hmm, well I walk this route a lot, just over 10 minutes by foot to West End, not bad at all.
  5. Buying

    Edinbugh Latest

    I have a close family member that bought in Learmonth Court, they seem to be quite good value (apart from the monthly fee!). This family member bought a 1 bath, 2 bedroom. I dont believe flats that size ever reached over 200k, the last number of years 190 or so appears to be the asking price for a 2 BR. There have been much larger 3 bedrooms, 2 BA, in immaculate condition that reached mid 200's. There is a live in factor, any noisy neighbour problems usually get dealt with. There are elevators and parking. The building is spotless inside, there are many keen gardeners that live there, views are magnificent if you have a flat that faces Fettes college! Personally I'm not keen on their clinical clean approach (I dont know how many times a year they pain the exterior doors!), or the paranoid gardeners... but for location and what they offer, they aren't a bad deal at all.
  6. Darn those irresponsible home owners, now I'll need another savings account. I suppose there's room on my mantlepiece next to my 'next million' piggy and 'diamonds funds' piggy for 'hitman' piggy bank.
  7. On a positive note I believe the building this news article refers to with the huge bill was a large corner building therefore I would imagine with twice the repair work of a regular building, plus it made news because of the extreme situation. I'd avoid purchasing a corner building that's never had work done that's for sure however in general if a tenement has responsible owners then work is of the maintenance category and being that bills are split then providing owners have rainy day house repair money, something all homeowners should put aside for, there shouldn't be a huge problem. My bill for £1000 to bring my tenement building up to a clean bill of health never made the headlines... A headline such as 'Living in a properly maintained Tenement may cost you £1000 every few years' just doesn't sell news. All homeowners have gutter, roof, pointing costs etc, aah the joys.
  8. Buying

    Edinbugh Latest

    Easiest thing to do is stand outside in the evening and look up, you'll easily see the HMO flats by their huge round white paper lampshades.....
  9. Buying

    Edinbugh Latest

    Talking of value. Just thought I'd share a rather crazy thought I had once... The tenement I am in has 6 flats (excluding ground floor). You could buy the whole main stairway for approx 1.7 million pounds. That is actually a huge building for the money.
  10. Buying

    Edinbugh Latest

    I'd hate to think what life in our flat would be like if the neighbours were awkward. We've just had outside maintenance work completed, scaffolding is gone, tenement is kept in good condition inside and out, cost isn't too bad as it's all split, and we all pay up! I know we are lucky. I actually think these large tenement flats are quite a good deal compared to what else is for sale around here. I look at 3 bedrooms for sale in this area that are part of a villa or such and the sq footage is often same or less as my place, yet the price is 100k more. Why? It appears to only be because it's part of a house and has a small garden. It's a little like comparing apples to oranges with bungalows and flats, you couldnt buy a wee hoose or bungalow in this area for anything close to the price of a tenement flat, if you could I think all us flat owners would obviously buy the house, and by this area I dont mean Greenbank etc which is slightly further out, that 1 mile or so further out makes quite a difference to those wishing to remain in 'city center.' As I'm a top floor flat I'm thinking of doing a Donald Trump and taking over the 2 floors below me by compulsory purchase, they are in my basement after all.
  11. Buying

    Edinbugh Latest

    My mother (born and raised in Edinburgh,moved away, and then moved back about 10yrs ago) has always said she would NEVER live in a Bungalow, she lives in a flat and always argues that bungalows are for old folk, seems to me you either love them or hate them. Funny that, but quite a few long term residents of Edinburgh say similar things. I rather like bungalows, mainly because of the large gardens and I spent over 6 months looking at Bungalows in the Greenbank area etc and ended up buying a top floor 3 bed in Bruntsfield last year instead (proper 3 bed with the dining kitchen). The rooms are just so much bigger than many other properties around. I love the living room with its fantastic cornicing, bay window, and magnificent fire place all so cosy and romantic in winter, the kitchen is a fabulous size, we have such great views over the city, the school is a short walk, and it is so quiet up here on the top floor, plus we are rather lucky (touch wood) as there are no noisy residents in this building, 90% owner occupied. The area I'm in actually has lots of families with young children in the tenements, and not that many students. I'm a country gal at heart, this is the first time I've lived in a city, so I'll not be living here too long (Highlands hopefully), but for city living, I dont think you can get much better than this area and these flats! Parking is a doddle too (something I worried about at first). I lived in a 7000sq ft house in the USA for 10 years so I am used to big rooms! Of course I would prefer a house and garden but I am not willing to pay such a high price. There's a Highland hotel that Im considering buying but the sellers are asking for twice the price they paid for it in 2006. At least those types of price increases didnt happen so quickly here in EH10. I just cant see Edinburgh areas that increased slow and steadily getting hit too badly at all. If there's a fall by 10% then I'm not bothered, just means my future house (somewhere in the boonies) will be cheaper too. All balances out in the end.
  12. First post here, lurked for a few years now, so hello everyone. Have to speak up in support of the tenements. I moved back to Edinburgh from the USA 2 years ago and I wasn't too keen about the tenements until I actually rented one and realised how well designed they are. I'd never lived in a city before so I was so unfamiliar with tenements. In 2009 I bought a 3 bedroom top floor in the eh10 postcode. This was after 6+ months of looking at other 3 bedroom properties, bungalows, new builds, detached homes in the Bruntsfield/Morningside/Greenbank area. For the price they had the room sizes I was after. All the tenements I've seen owned by friends in this area are lovely and so well kept (stairways could always be brighter/better, but if they are clean then thats the main thing), as others have said, large rooms, proper dining kitchens, magnificent cornicing, fancy fireplaces, bay windows, and we too still have the working bells in the kitchen for when residents in the tenements had maids. Views are fantastic from mine, and it's so quiet (top floor). It certainly doesn't "stink" there's no mice, the stairway is well maintained... the bedrooms actually have rooms for wardrobes unlike modern builds, and as I experience more towns in the UK I realise how lovely and pretty a city Edinburgh is. It'll do me until I move back 'home' to my Highlands. Was this the best financial decision to buy in such a market? Who knows, I bought this one to be my home for now and if 3 bedrooms drop in price then so be it, it wasn't bought to make a profit.
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