EH4 Residential Sales Update
The West of Edinburgh brings together the best of suburban living with the geographic proximity to city centre living. This enviable blend makes the EH4 postcode one of Edinburgh’s most desirable, where comfortable family life with easy access to excellent public and private schools, leisure activities, and the countryside is juxtaposed with a closeness to the thrum of Edinburgh’s city centre.
With a large array of flats, semi-detached, and detached family homes, it is not surprising that EH4 is hugely popular with homebuyers. Average house prices in this area broke through the £300,000 boundary for the first time in 2018. Over the last five years, the average house price has increased by over 25%.
This lovely section of Edinburgh is highly desirable among homebuyers across all stages of their property journey. Max Mills, Director of Residential Sales, notes that the area’s popularity is “getting more desirable because of a wealth of excellent amenities, a broad cross section of homes, and some of the best schools Edinburgh has to offer.”
Sales prices for both homes and apartments in EH4 have garnered healthy figures in Q1 2019. The average apartment sold for £231,000 while the family home prices averaged £362,000. In this area of Edinburgh, around 55% of sales are apartments and 45% are family houses. 40% of sales in EH4 are over £300,000, while 13% of sales are over £500,000.
As the leading agent in EH4, having sold the greatest amount of property of any agent in the past 12 months, Rettie & Co. is ideally placed to help you on your journey. Whether it is finding a buyer for your bungalow in Blackhall, buying your dream detached home in Ravelston, or downsizing to contemporary apartment living in Murrayfield, Rettie & Co. will get you there.
If you are interested in selling your property in EH4, get in touch with Max Mills or Gavin Smith.