Spotlight on Edinburgh’s Valuable Property Market
The total value of property in Edinburgh is almost £70 billion, according to a new study of property values in the ten largest cities in Britain.
9 Mar 2018
The research by property portal Zoopla placed Edinburgh at number six in Britain in terms of its overall property value, claiming that the Scottish capital’s total property stock was around £68.4 billion.
The study also revealed that Edinburgh’s annual growth rate stood at 4.04 per cent – just behind Glasgow, where a figure of 5.38 per cent was recorded.
The analysis of Britain’s property values also highlighted the prowess of Edinburgh’s most expensive areas. These fall within the EH4 postcode and include Comely Bank and Dean Village.
Comely Bank lies to the south-west of Edinburgh’s Royal Botanic Garden. It also sits between Craigleith and Stockbridge and originally formed part of the estate of Sir William Fettes.
It started life as a Georgian terrace of town-houses which were constructed facing the road towards Stockbridge, and it was designed in 1817 by architect Thomas Brown. The terrace still exists today.
Between the years 1819 and 1821, Thomas Carlyle, the esteemed Victorian writer, called Comely Bank Road home. This was before he achieved his literary success and was in the period when the terrace lying at the most westerly tip of the road had the title of being Edinburgh’s final row of houses before Blackhall village.
Edinburgh saw a burst of tenement construction during the late 1800s, but Comely Bank was not completely built out in terms of property creation until the 1930s.
Take a look at some of our houses for sale in Comely Bank, Edinburgh.
Dean Village, meanwhile, is renowned as a tranquil and green oasis sitting on the Water of Leith and yet just a five-minute stroll from Edinburgh’s Princess Street.
The village was once right at the heart of the water milling industry in the area, and there are still reminders to be seen today. There are carved stone plaques with pies and baked bread to discover, along with traditional millstones.
It is possible to stroll along a walkway beside the Water of Leith to Dean Bridge, which is an impressive Thomas Telford-designed structure. There is also the St Bernard’s Well classical temple to discover.
Well Court is Dean Village’s most striking structure. This was built during the 1880s to provide model housing in which local workers lived and was restored with the aid of Edinburgh World Heritage to allow it to continue to offer a picturesque attraction in the area.
Are you looking to buy or sell property in Edinburgh? Call Coulters and speak with a member of our expert team,0131 603 7333 – someone will always be available to help.