Morningside Residential Sales Update
Morningside is that rare pocket of a city, where village character meets cosmopolitan urbanity and leafy open spaces border plentiful restaurants and cafes.
This strong neighbourhood feel combined with excellent public and private schools, bewitching residential streets, plentiful amenities, and varied leisure activities makes Morningside one of Edinburgh’s most prestigious areas.
Morningside has properties suited to young professionals, families at all life stages, and older residents looking for a vibrant and well-connected area of the city. While it is frequently associated with houses, 72% of property listed in Morningside in 2018 were apartments. The average price of a two-bed flat in the area was £292,524. The lion’s share of properties listed in Morningside are flats under £300,000, while 50% of apartment sales are under £350,000.
Gavin Smith, Associate Director, notes “Morningside is a fashionable area to live with a range of properties to suit every price point. It has a wealth of local amenities including bespoke shops and fashionable eateries and is surrounded by the open green spaces of Blackford Hill, The Hermitage of Braid, and the Meadows closer into town. Local schooling is excellent with Morningside Primary and Boroughmuir High School, and the proximity to the city centre combines to make Morningside an ideal place to call home.”
There are terraced, semi-detached, and detached homes across a range of prices in Morningside. On average, a two-bedroom terraced property is £190,000 while a three bedroomed terraced home is £410,222. A two-bedroom semi-detached home is on average £239,995 while a two-bedroom detached home is £312,000.
Sales prices for homes and apartments in Morningside have maintained strong figures in Q1 2019. The average house price in the area is over £400,000, having risen by over 25% in the past five years. The average family home is £560,000 in 2019 with family housing accounting for one third of the market. Prices for apartments are similarly strong, with the average apartment priced over £340,000 in 2019.
As an agent with long-standing experience selling properties at all values in Morningside, Rettie & Co. is ideally placed to assist you on your journey. Whether you are looking for a flat or a home in the catchment areas, a home on a quiet residential street within easy walking access of the Meadows or various golf courses, or a smaller property in the heart of the action, Rettie & Co. will get you there.