PenguinJ

I looked at the New Town and Stockbridge for many years and I can say , that there is no way that the crappy ex council flat in Saughton for OO50,000 will ever compete price wise with Stockbridge. I really wish that it would, but there is too much interest down there. I looked and looked and I found pokey little flats needing to be renovated for OO150,000 when I was looking. A few friends keep looking there and anytime something half decent price wise comes on the market, you find that there's a major renovation required..which is never specified because some old dear has passed away and you could "live" in it if you like swirly carpets etc. If you are serious about living in Stockbridge instead of Saughton, then you may need to rethink your current plans. Some parts of Edinburgh are holding up well and there is not a lot of decent flats coming onto the market. I looked yesterday and I was shocked at the number of overpriced basements for sale in the New Town. I don't care if it is on Heriot Row, it's still a basement below street level!

Given that we are in a recession, a deficit worse than Greece, a bloated govt etc, I thought that I would look at New Town properties over 100k ( to eliminate lockups) and boy, was I surprised. There's a large amount of basement flats for sale on nice streets for vastly inflated prices. Take a look at these two overlooking Queen street gardens: ref: 289058 9 Abercromby Place for OO 18,000 A tiny 1 bedroom wiht a "private" patio on a busy street And my personal "favourite" 39a Heriot Row, EDINBURGH, EH3 6ES Lower Ground Floor Flat, Offers Around £475,000, Reference: 289543 Features 1 Reception Room, 3 Bedrooms, Garden Why would anyone in their right mind pay almost half a million pounds for a basement flat? Has the world gone mad? Or, is that just the Edinburgh property market?

Interesting, but there are very few flats in Edinburgh. Speaking as a recent purchaser of a flat, I don't see any major bargains for someone wanting to buy a home. Lots 241 and 242 look interesting, but the guide price of 150k to 175k is hardly cheap. It will be interesting to see what they sell for given that they are first floor 2 bed flats. I found the following on www.nethouseprices.com and it appears that one of the flats sold for 235k back in 2003!! That is surprising. 17 Douglas Crescent, Edinburgh, EH12 5BA £235,000 First Floor Flat Application No: 03MID20195 Title No: MID46984 Application Type: FR Deed Codes: 11 20 1 Application Date 15-Aug-2003 Map (EH12