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Optimistic Pricing In Edinburgh


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Has a conceirge service too, I wonder how much that costs per month ?

Also are these the bad boys that are full every weekend with stag parties ? Or is that another failed Edinburgh development... :lol:

lol stag parties from poland, the inside word on that development is it is not called pilrig heights, polish heights more like, although ithe word on the street is the poles are leaving us faster than rats leaving a sinking ship.

Do they know something we dont ? hmmm

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Guest An Bearin Bui
And the proof lot number 23, 50% cheaper lol.http://www.countrywidepropertyauctions.co.uk/media/Results-Scotland-Nov08.pdf

Actually crutchster, maybe you could help a novice out as you seem to know your way around the auctions system, so:

1. Where do the auctions in Scotland take place and what is the best website to find details of the lots on offer? So far, I've only found the countrywide site where the auction takes place in the Quality Hotel in Glasgow and wondered if there are auctions elsewhere too e.g. in Edinburgh.

2. How do you know what you're bidding on? Can you go round and view the property and get a home report from the solicitors or are you bidding blind w/o knowledge of possible structural problems, last sold price etc?

3. Do you have to have the full price in cash or could you have e.g. 50% LTV or even 30% with a mortgage arranged?

I'd rather buy through normal channels but if buying at auction could help me avoid the scumbag estate agents and could get me 2007 prices less 30% or ideally 50%, then it could be a good idea. From what I've seen so far, auctions mainly seem to have difficult properties in not-great areas but that's to be expected, I suppose.

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lol stag parties from poland, the inside word on that development is it is not called pilrig heights, polish heights more like, although ithe word on the street is the poles are leaving us faster than rats leaving a sinking ship.

Do they know something we dont ? hmmm

Arf!

Sold to Rent from there in 2007

Phew!

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Actually crutchster, maybe you could help a novice out as you seem to know your way around the auctions system, so:

1. Where do the auctions in Scotland take place and what is the best website to find details of the lots on offer? So far, I've only found the countrywide site where the auction takes place in the Quality Hotel in Glasgow and wondered if there are auctions elsewhere too e.g. in Edinburgh.

2. How do you know what you're bidding on? Can you go round and view the property and get a home report from the solicitors or are you bidding blind w/o knowledge of possible structural problems, last sold price etc?

3. Do you have to have the full price in cash or could you have e.g. 50% LTV or even 30% with a mortgage arranged?

I'd rather buy through normal channels but if buying at auction could help me avoid the scumbag estate agents and could get me 2007 prices less 30% or ideally 50%, then it could be a good idea. From what I've seen so far, auctions mainly seem to have difficult properties in not-great areas but that's to be expected, I suppose.

If you register as a member with Countrywide, you get all the details of the properties sent to you prior to the Auction, it is up to you to select the ones that are of interest, you go and view them, get them surveyed and arrange a line of finance prior to bidding.

All the details on how to go about buying at Auction are on there web site, the other Auction in Scotland is the SVA One, which is not as good as Countrywide.http://www.countrywidepropertyauctions.co.uk/dynamic.php?id=buying

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  • 4 weeks later...
Actually crutchster, maybe you could help a novice out as you seem to know your way around the auctions system, so:

1. Where do the auctions in Scotland take place and what is the best website to find details of the lots on offer? So far, I've only found the countrywide site where the auction takes place in the Quality Hotel in Glasgow and wondered if there are auctions elsewhere too e.g. in Edinburgh.

2. How do you know what you're bidding on? Can you go round and view the property and get a home report from the solicitors or are you bidding blind w/o knowledge of possible structural problems, last sold price etc?

3. Do you have to have the full price in cash or could you have e.g. 50% LTV or even 30% with a mortgage arranged?

I'd rather buy through normal channels but if buying at auction could help me avoid the scumbag estate agents and could get me 2007 prices less 30% or ideally 50%, then it could be a good idea. From what I've seen so far, auctions mainly seem to have difficult properties in not-great areas but that's to be expected, I suppose.

I Thought this might interest you.

http://www.auctiontoday.co.uk/auction-deta...mp;chkVenue=4#;

Roll up Roll UP, EVERYTHING MUST GO. :lol:

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  • 3 weeks later...

Back to the original idea for this thread:

Property comes on in Braid Crescent today:

17 Braid Crescent, EDINBURGH, EH10 6AX

Terraced House, Offers Over £685,000, Reference: 274703

http://www.espc.com/Buying/274703.html

As you can see, peak for this road just over £700k, same property sold in 2001 for £351k

So still hoping for peak prices. As I keep saying this is going to take a looooooooooooooong time. Though properties coming on at more realistic prices are selling, and there are a few that are priced 15% below where they would have been priced last year.

2008-06-06 14 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £720,000

2008-04-16 26 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £415,000

2007-10-12 11 Braid Crescent, Edinburgh, EH10 6AX Residential add details... £703,571

2007-05-03 26 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £259,161

2006-11-13 16 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £350,000

2006-10-27 22 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £597,500

2005-10-18 28 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £23,000

2005-09-01 7 Braid Crescent, Edinburgh, EH10 6AX Residential add details... £603,375

2005-06-13 42 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £405,000

2005-06-02 24c Braid Crescent, Edinburgh, EH10 6AU Residential add details... £145,000

2005-02-28 13 Braid Crescent, Edinburgh, EH10 6AX Residential add details... £440,000

2004-12-21 11 Braid Crescent, Edinburgh, EH10 6AX Residential add details... £542,542

2004-08-20 15 Braid Crescent, Edinburgh, EH10 6AX Residential add details... £531,000

2004-07-02 28 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £246,017

2004-04-30 10 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £575,000

2004-03-19 24 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £280,000

2003-12-19 40 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £249,950

2003-12-12 42 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £427,427

2003-07-18 24 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £185,551

2002-10-18 20 Braid Crescent, Edinburgh, EH10 6AU add details... £480,000

2002-07-18 16 Braid Crescent, Edinburgh, EH10 6AU add details... £249,000

2001-12-28 2 Braid Crescent, Edinburgh, EH10 6AU add details... £236,000

2001-11-27 17 Braid Crescent, Edinburgh, EH10 6AX Residential add details... £351,086

2001-11-01 28 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £174,017

2001-09-03 6 Braid Crescent, Edinburgh, EH10 6AU add details... £362,375

2001-05-01 10 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £360,000

2000-06-15 32 Braid Crescent, Edinburgh, EH10 6AU add details... £135,000

2000-06-07 36 Braid Crescent, Edinburgh, EH10 6AU add details... £212,500

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Roblpm-that one is definiteley going to on for a while !

Another property for sale in that most bubble-happy of roads, Comiston Drive.

89 Comiston Drive, EDINBURGH, EH10 5QT

Terraced House, Offers Over £400,000, Reference: 274699

Needs modernising. Closing date already set so may be a probate sale.

I reckon 400k would secure it, given that number 45 has been on for months at FP440 and not sold.

You're not going to be a happy bunny seeing this play out if you live at no. 83. having paid 643k for yours (2007), or no. 85, having paid 636k for yours (2006)

Meanwhile, in a parallel universe, number 81 is on at £650k-

http://www.balfour-manson.co.uk/propertyde...hp?page_id=1378

And if you believe some folk they are all sliding into the burn at the bottom of their garden..

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Very strange goings on in the Barnton Retirement property game.

About 13 up for sale just now. 8ish in Barnton Park View and 5ish in Barnton Avenue West.

Some of the price differences are huge.

Fixed Price £179k. Two bed. Looks pretty basic.

Flat 2/27

Offers around £135k. Two Bed. Looks a lot nicer.

Flat 2/24

Some other strange ones in there. Any ideas ? Do people do BTL in retirment places :ph34r:

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Roblpm-that one is definiteley going to on for a while !

Another property for sale in that most bubble-happy of roads, Comiston Drive.

89 Comiston Drive, EDINBURGH, EH10 5QT

Terraced House, Offers Over £400,000, Reference: 274699

Needs modernising. Closing date already set so may be a probate sale.

I reckon 400k would secure it, given that number 45 has been on for months at FP440 and not sold.

You're not going to be a happy bunny seeing this play out if you live at no. 83. having paid 643k for yours (2007), or no. 85, having paid 636k for yours (2006)

Meanwhile, in a parallel universe, number 81 is on at £650k-

http://www.balfour-manson.co.uk/propertyde...hp?page_id=1378

And if you believe some folk they are all sliding into the burn at the bottom of their garden..

You are forgetting about the mentalists who tried to sell the house next door to the falling down one (45) for FP 735K in the summer of 2008. It didn't sell and was taken off the market. If they hadn't been so greedy they probably could have got over 600 for it back then. Doh!

Edited by BigSack
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Actually, I see that number 47 was bought in 2007 for 485k (which was cheap at the time) and done up and put back on for 735 in 2008. That was the house that had the work done on it to stop the subsidence. I wonder how much they had to spend on it? They must be panicking!

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It's John Leslie's 'development' as discussed elsewhere I think. Not to my taste design-wise. To put it mildly.

Is John Leslie's slow "'development' as discussed elsewhere I think "perhaps related to his former realtionship with a well-tanned Scandiwegian who was also, notoriously,

"fully fitted with an excellent range of slow closing Walnut units"
?
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Here's another one at a bubble price come on:

http://www.espc.com/Buying/273404.html

This one on at offers around £430k!!

No house in this street ever gone for over £365k and the same house sold in 2004 for £300k. Some people are in cloud cuckoo land.

ZZZZZZZZZZZZZZZZZZZZZZ this is gonna take ages! Nothing coming on and nothing selling.

yeah, absolutely agree with you.

We didn't even go and see this house in our search area as we had been to see a lovely one in the same street at 325K - and could not reconcile the price difference for an end-terrace with an extra room.

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  • 2 months later...
Thought I'd revive this thread for a laugh:

http://www.espc.com/Buying/277062.html

102 Comiston Drive, Edinburgh, EH10 5QU

Terraced House, Offers Over £580,000, Reference: 277062

These were going for 650 at the peak. Going for 450 within the last 5 years. So where is the market now??!!

I think they must put something in the water down there. The good folk of Comiston Drive do put a high value on their property which is pretty unremarkable suburbia if you ask me being a good trek even into Morningside.

Is anyone seeing realistically priced properties anywhere? lol

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Thought I'd revive this thread for a laugh:

http://www.espc.com/Buying/277062.html

102 Comiston Drive, Edinburgh, EH10 5QU

Terraced House, Offers Over £580,000, Reference: 277062

These were going for 650 at the peak. Going for 450 within the last 5 years. So where is the market now??!!

The crash is over don't you know? £580K and you have to park your car on the street or down some alley...

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In case any prospective sellers red this thread I thought it's be interesting to highlight 3 very similar properties. All are 3/4 bed purpose built terraced upper villas in south grange built around 100 yrs ago. Only one will sell.

4-bed upper villa (terraced)

South Lauder Rd £585k guide price

http://www.struttandparker.com/property-fo..._EDN090134.html

This example has been thoroughly developed and has been languishing at 585k for some time. This is above peak 2007 price unless I am mistaken. It is 74% and £250k higher than example 3. You can buy a lot of beige paint and limestone tiles for that kind of money :-)

108 St Albans Road Edinburgh EH9 2PG

Upper Flat, Offers Around £399,950

(on since march)

http://www.espc.com/Buying/273921.html

Just round the corner, this is also failing to sell. It needs modernising (£60k+). Done up these properties were selling for around 480k last year so it is overpriced currently, hence no sale.

4-bed upper villa (terraced)

Blackford Avenue, Edinburgh, EH9 2PH

Upper Flat, In The Region Of £335,000,

http://www.espc.com/Buying/277248.html

This has the nicest layout of all properties, and has private front garden and back garden that is accessed direct from stairs down from the kitchen. It needs modernising but the roof and walls inside and out are sound. It will sell within 3 weeks or I'll eat my hat.

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In case any prospective sellers red this thread I thought it's be interesting to highlight 3 very similar properties. All are 3/4 bed purpose built terraced upper villas in south grange built around 100 yrs ago. Only one will sell.

4-bed upper villa (terraced)

South Lauder Rd £585k guide price

http://www.struttandparker.com/property-fo..._EDN090134.html

This example has been thoroughly developed and has been languishing at 585k for some time. This is above peak 2007 price unless I am mistaken. It is 74% and £250k higher than example 3. You can buy a lot of beige paint and limestone tiles for that kind of money :-)

108 St Albans Road Edinburgh EH9 2PG

Upper Flat, Offers Around £399,950

(on since march)

http://www.espc.com/Buying/273921.html

Just round the corner, this is also failing to sell. It needs modernising (£60k+). Done up these properties were selling for around 480k last year so it is overpriced currently, hence no sale.

4-bed upper villa (terraced)

Blackford Avenue, Edinburgh, EH9 2PH

Upper Flat, In The Region Of £335,000,

http://www.espc.com/Buying/277248.html

This has the nicest layout of all properties, and has private front garden and back garden that is accessed direct from stairs down from the kitchen. It needs modernising but the roof and walls inside and out are sound. It will sell within 3 weeks or I'll eat my hat.

And.............................

Its only about 200m from Fred the Shred's place!! So if you want to hobnob with people like him its a bargain!!

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In case any prospective sellers red this thread I thought it's be interesting to highlight 3 very similar properties. All are 3/4 bed purpose built terraced upper villas in south grange built around 100 yrs ago. Only one will sell.....

4-bed upper villa (terraced)

Blackford Avenue, Edinburgh, EH9 2PH

Upper Flat, In The Region Of £335,000,

http://www.espc.com/Buying/277248.html

This has the nicest layout of all properties, and has private front garden and back garden that is accessed direct from stairs down from the kitchen. It needs modernising but the roof and walls inside and out are sound. It will sell within 3 weeks or I'll eat my hat.

.....and surprise surprise, the correctly priced property has gone to a closing date after being on the market for one week, with 8 notes of interest. It will probably fetch over £350k and goes to show that stuff will fly off the shelves if it is priced right.

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Guest An Bearin Bui
.....and surprise surprise, the correctly priced property has gone to a closing date after being on the market for one week, with 8 notes of interest. It will probably fetch over £350k and goes to show that stuff will fly off the shelves if it is priced right.

That actually does surprise me - 350k for half of a house that needs full refurbishing (new kitchen, new bathroom, 70s gas fire ripped out, carpets and curtains changed etc) is quite a bit. You could easily spend 50k doing it up to a high spec which would give you 400k costs for half of a house on a busy road in Edinburgh. Still pricey (although better than the delusional prices seen elsewhere)!

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That actually does surprise me - 350k for half of a house that needs full refurbishing (new kitchen, new bathroom, 70s gas fire ripped out, carpets and curtains changed etc) is quite a bit. You could easily spend 50k doing it up to a high spec which would give you 400k costs for half of a house on a busy road in Edinburgh. Still pricey (although better than the delusional prices seen elsewhere)!

Pricey relative to what exactly? Other properties for sale in Edinburgh or your own internal measure of what represents 'value'?. £400k 'done up' would represent a 20% drop on the £500k 'done up' it would have fetched 12 months ago. These are spacious properties-circa 1800 sq ft-they are not half a house as they were purpose built upper/lower villas. With 2-bed maindoor flats in marchmont still fetching well in excess of 300k I think this puts it in context.

Are you genuinely surprised that it will sell so easily? With all due respect you can't know that area/market very well.

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