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1 bed flat for sale

£279,950 Fixed price

Lower Gilmore Bank, Edinburgh EH3

1 bed flat for sale 1 1 1
Interested in this property? Call +44 131 268 0627 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Communal garden
  • Terrace
  • Underground parking
  • Disabled features
  • Central heating
  • Double glazing
  • Waterfront

Property description

This is a stylish ground floor apartment, within this contemporary development of Edinburgh Quay 2, completed some years ago. It enjoys a prime canalside location at the Union Canal basin just a few minutes’ walk from Edinburgh’s city centre.

Hall; Open Plan Living/Dining room/ Kitchen; Spacious Bedroom & Bathroom. Good storage.
Gas CH, Double Glazing; underground parking.

Lower Gilmore Bank occupies a prime city centre location on the South Bank of the Union Canal basin. Originally known as Port Hamilton, it was indeed a busy inland port, primarily transporting coal on barges along the canal. Today, it is an exciting burgeoning regeneration “hot-spot” set literally in the shadows of Edinburgh Castle and part of Edinburgh’s fashionable financial quarter. As it is slap bang in the centre, residents’ are lucky to have all the Capital’s city centre attractions within strolling distance. Practical amenities such as corner shops and “metro” supermarkets are plentiful and whilst most locals walk to their place of work, buses are many and Haymarket Rail Station is just 10 mins’ walk. The immediate surrounding vicinity has seen tremendous redevelopment in recent times and on-going investment is evident showing both residential & commercial projects underway again following the “quiet” post 2008. Shrewd buyers whether seeking blue-chip letting investments or a contemporary owner-occupier lifestyle, are now buying into this hugely appealing neighbourhood.

On the Ground Floor of this imposing block and overlooking the Canal, this is a spacious Apartment of significant appeal. The Open Plan Living/Dining/Kitchen is special and enjoys an aspect out to the Canal. The property was rented out but recently re-decorated and “spruced up”. There is obvious scope however for purchasers to really go to town and enhance the interior décor taking it to the next level. This would undoubtedly add value to the property. The Floor area is 61.1 Sq M.
There are several new developments around the city just now and their prices reflect the fact that they are brand new. It would be fair to say that if this apartment was not second hand, the price could arguably be £25,000/£30,000 more. The property has gas central heating, double glazing & integrated kitchen appliances. It is available for immediate occupation. The underground allocated parking is an extremely sought after commodity in such a central location.

Property info

Property value data/graphs for EH3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £800,124 £394 4.3 £378,333
Semi-detached £835,710 £394 3.8 £410,000
Terraced £1,085,675 £388 3.5 £1,026,166
Flats £511,006 £385 2.2 £433,925

Current asking prices in EH3

Average: £605,303
Avg. current asking prices in EH3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £192,500
(2)
£558,333
(3)
£655,000
(4)
£745,000
(1)
£950,000
(1)
Flats £258,607
(23)
£379,667
(39)
£592,778
(18)
£767,692
(13)
-
All £253,318
(25)
£392,428
(42)
£604,091
(22)
£766,071
(14)
£950,000
(1)

Current asking rents in EH3

Average: £2,219 pcm
Avg. current asking prices in EH3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £726 pcm
(2)
- £2,349 pcm
(1)
£4,624 pcm
(2)
-
Flats £1,365 pcm
(39)
£2,109 pcm
(38)
£3,302 pcm
(28)
£3,446 pcm
(15)
£3,871 pcm
(6)
All £1,334 pcm
(41)
£2,109 pcm
(38)
£3,269 pcm
(29)
£3,585 pcm
(17)
£3,871 pcm
(6)

Fun facts for EH3

Highest value in EH3
Highest value streets Zed-Index
Inverleith Place £1,234,126
Kinnear Road £1,233,280
Arboretum Road £1,209,672
Walker Street £1,157,848
Melville Street £1,126,443
Highest turnover in EH3
Highest turnover streets Turnover
South East Lane 50.0%
Mcewan Square 36.6%
Munro Place 36.4%
Eyre Terrace 35.3%
Drumsheugh Gardens 34.5%
Arrange Viewing

For more information about this property, please contact
GJ Hunter Solicitors, EH8 on +44 131 268 0627 * (local rate)

Monthly running costs Beta

£1,266 Monthly total

Mortgage

Purchase price
Deposit (10%) 27,995
Repayment term 25
Interest rate 2.0
Your payment £1,067 /mo How Much Could I Borrow In association with RBS

These results are not provided by RBS and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £18/mo (£220/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £25 Electricity £49 Estimated energy cost £74/mo

Similar properties could save up to £175

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this size and region.

Estimated consumption

Gas: 9500 kWh/year
Electricity: 3500 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Edinburgh

Estimated tax band C Council tax cost £107 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Contact GJ Hunter Solicitors about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by GJ Hunter Solicitors, and do not constitute property particulars. Please contact GJ Hunter Solicitors for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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