In a recent survey, Edinburgh ranked second in the world for quality of life and often appears among the top 5 on lists for best cities to live in the UK. With an array of great schools, tonnes of activities to keep your family busy, Edinburgh is a fantastic place to live and raise a family.
With that in mind, you may be wondering which Edinburgh area is most suited to your lifestyle, while still fitting within your budget.
Not to worry, we are here to help!
We have spoken to local property law firm, Neilsons Solicitors and Estate Agents to get their advice on the current market in Edinburgh. Neilsons are an ESPC (Edinburgh Solicitors Property Centre) Member Firm and have access to the latest Edinburgh sales statistics and data from ESPC, where over 80% of properties in Edinburgh are marketed and sold.
At the moment, house sale prices in Edinburgh are at a peak as Jenna Spence from Neilsons Solicitors and Estate Agents tells us:
“Edinburgh has always been a very desirable place to live, work and raise a family. There is a demand for suitable properties all over the city. It is no surprise that Edinburgh is ranking high on a wide range of top places to live lists! Each week there seems to be a new survey out that ranks Edinburgh highly.
It is a phenomenal time for property sales right now. Market activity is at pre-recession levels with closing dates the norm rather than the exception, and excellent prices being achieved if the property is well presented and accurately priced. We ended 2016 in a situation in Edinburgh where there were not enough properties coming on the market to cope with the demand. This trend continued in 2017.
The challenge for sellers who are looking to purchase after selling is that many do not wish to commit to sell their property until they find a suitable property to purchase and this reticence has led to stocks of property in the ESPC being substantially down on the same period last year. This, in turn, leads to further pressure in the market and increased sales prices.”
After speaking with Neilsons, we had a look at the ESPC website and compiled a list of five very attractive areas to purchase a house and raise a family in Edinburgh.
Here are our top 5 areas to buy a house in Edinburgh:
Situated within walking distance of central Edinburgh and New Town, Stockbridge is a wonderful area to raise a family with its good schools, parks and cafés. It has always been a firm favourite among Edinburgh natives and families looking to move into urban residence. It has a great primary school with many pupils going on to sought after public and private schools such as Broughton High School and Edinburgh Academy. However, with the Royal Botanic Garden on its doorstep and its desired location, a property in Stockbridge will set you back a fair amount due to the competition for suitable properties.
The average selling price for a 3 bedroom flat in Stockbridge in the past 12 months, according to the ESPC: £363,931.
Once a small fishing village, Cramond has a history dating back to the Bronze Age and Roman Times. It’s situated in the suburbs of the city with a range of local amenities nearby at Davidson Mains. With lovely walks available right on your doorstep, who wouldn’t want to raise their family in Cramond? You are within walking distance of the beach, as well as being well positioned to enjoy family walks and bike rides along the seafront.
The average selling price for a 3 bedroom house in Cramond in the past 12 months, according to the ESPC: £384,392.
Found in the leafy suburbs of the city, Corstorphine is an ideal place for couples who are thinking of starting a family or the growing family alike. Corstorphine has a range of local amenities on the doorstep and is well served by Lothian Bus routes. In addition, it is only a 15-minute drive from both the city centre and the airport. Corstorphine is also home to the much loved Edinburgh Zoo, which is an ideal day out for the little ones. There are also lots of walking routes available in the leafy woods of Corstorphine Hill.
The average selling price for a 3 bedroom house in Corstorphine in the past 12 months, according to the ESPC: £320,370.
Morningside is one of the most sought after areas in Edinburgh to own a flat. You get the best of both worlds here. It is close to the city centre (only 15 minutes on a bus) but far enough away to feel like you are out of town with great spaces, parks and places to explore. The area is ideal for families as it has some of the best state primary and high schools in the city and has a variety of family friendly cafes and restaurants for you to try.
The average selling price for a 3 bedroom flat in Morningside in the past 12 months, according to the ESPC: £366,659.
5. South Queensferry
Then we have the lovely, picturesque South Queensferry where you can save (on average) just over£100,000 on a 3 bedroom house, in comparison to some of the more central areas. You can see the appeal there!
Jenna Spence from Neilsons says it is her top pick for families at the moment:
“South Queensferry is a very popular area for families. As the Edinburgh market starts to overheat, people turn to satellite towns for better value for money. They begin to analyse each satellite town and look at what makes each town a good choice for moving there and South Queensferry would be near the top of the list for amenities, schools and ambience. We have a lovely local office on the High Street of South Queensferry with patio door views over the water and the bridges. I can certainly see the appeal of living there!”
The new Queensferry Crossing in also in its final stages of completion which will bring even more opportunities to the area.
The average selling price for a 3 bedroom house in South Queensferry in the past 12 months, according to the ESPC: £216,510.
So if you are looking to move to Scotland’s capital, we hope to have helped narrow down which area will be best for you and your family. For specialist sale and purchase advice, feel free to contact Neilsons.