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Edinburgh

In Edinburgh, centuries of history meet a vibrant, cosmopolitan city in an unforgettable setting. Edinburgh city is the happiest of the 10 largest cities in UK and is home to a population of nearly 500,000 and approximately 1.6 million regionally. 97% of residents are satisfied with Edinburgh as a place to live, making it one of the best places to live in the UK.

Edinburgh

48-50 Morningside Road, Edinburgh EH10 4BZ

Sales
T: 0131 297 5999
Email: edinburgh@clydeproperty.co.uk

Lettings
T: 0131 297 5990
Email: edinburgh.letting@clydeproperty.co.uk

Fax: 0131 447 7478

Opening hours

Monday to Friday  8.30am - 8.00pm 
Saturday & Sunday 10.00am - 8.00pm

Stuart Brown
Edinburgh
T: 0131 297 5999
Email: Stuart Brown

Edinburgh, Sales Trends Oct-Dec 2016

It is safe to say that our positive, pro-active service that we brought to the capital at the beginning of the year has resulted in a fabulous last three months as we continue to grow our brand and unrivalled reputation in Edinburgh. Our unique and innovative marketing means that we have the expertise to ensure that we maximise the exposure of every property, generate the highest level of interest and achieve the best possible price for every home we sell.

This combined with exceptional customer service from a dedicated team of local professionals who will be based in our Morningside branch 7 days a week until 8pm every day, allows us to deliver a unique service which has been the foundation for our industry leading reputation.

This is proven by the fact that we listed and sold our first properties before even opening our new office doors! The average marketing time of our properties sold during the last quarter is 28 days achieving on average 5% over home report valuation. Several of our sales have been above the £700,000 mark indicating that this sector of the market remains active despite a perception that this price bracket is struggling. One property achieved in excess of 10% over home report valuation at closing date with another in Morningside selling in just 3 days for £35,000 over home report valuation, emphasising that our 'hands on' strategy and fresh approach is just what sellers and buyers want to see in the capital.

As our reputation grows we are now being approached by sellers who have been unsuccessful with their sale with another agent and our advice, marketing and hard work have secured them a sale that they are delighted to accept. A perfect example of this was a sale we agreed after 5 weeks on the market with an exceptional marketing campaign complete with aerial drone video. The property had been languishing on the market for nearly 2 years with another agent but we breathed new life into the sale and tackled the sale head on with a dynamic, fresh campaign. It is safe to say that our clients are delighted and this is one of the many examples that confirms that not all agents are the same!

What is happening in the market?

Selling periods have remained short with a large proportion of properties reaching a closing date and certainly achieving in excess of home report valuation. In this situation sellers could hope to achieve in the region of 5-10% over their home report value and in some cases beyond! Properties are always in high demand in the EH10 district due to excellent school catchment, access both into the city and out and a fantastic blend of cafes, bars, restaurants and local amenities. In particular two bedroom tenement flats, modern blocks with residents lift systems and with family homes continuing to be popular, especially bungalows. These properties are proving to be the best performing at this time. Clyde Edinburgh have had our best month to date in terms of sales and listings in November 2016, indicating that the market remains a lot more consistent throughout the calender year, without the perceived seasonal high's and low's. Stock however is low with a lack of choice for buyers in prime areas, this can be attributed to the festive period that inevitably slows things down but we have several clients getting properties ready to launch in early January!

We believe that 2017 will continue to be a positive and strong market for property in Edinburgh with an average rise of 5% in prices being anticipated. There remains a cloud of uncertainty however the Edinburgh market remains strong with demand certainly outweighing supply. We have found a continued demand for first time buyer property with one example being a two bed flat in Polwarth selling at closing date within 15 days of marketing with 7 offers all above HR valuation. We are also seeing a surge in investment in 'buy to let' properties from clients outwith Edinburgh in the usual hot spots around the University which continue to be desirable with students and young professionals alike. The early signs in 2017 are encouraging with new valuations filling the diary throughout January indicating that there will be a surge of new stock becoming available but also an increase in number of buyers once they have sold and strengthened their own buying position. 

Number of properties for sale: 19

Prices ranging from: £140,000 to £850,000

Sales this quarter: 66

Average selling time: 21 days

Average Sale price: £266,000

Sale price % to Home Report value: +5%

Nicholas Scott
Edinburgh
T: 0131 297 5999
Email: Nicholas Scott

Edinburgh, Letting Trends Oct-Dec 2016

As anticipated in our previous reports, average rents in Edinburgh have now broken the £1000 per month mark to reach £1014, up 7.6% year on year. Good news for landlords but concerning for tenants who may also find it increasingly hard to secure a rental in the capital due to the speed of letting for popular 1 and 2 bed properties, at just 10 days. This average time to let usually covers the period for viewings, deposit collation and the obtaining of references, so at present tenants have to be quick or more importantly, regular on our database.

Throughout Q3 we have seen the demand for rental properties dramatically exceed supply. Fierce competition from tenants has led to an increase in rents and decrease in total time to let, all of which is positive news for landlords. We are able to find tenants off market through our database of pre qualified tenants. By providing this service, tenants are happy knowing that we are actively trying to source them property to rent. Similarly there has been an increase in landlords from out with Edinburgh who wish Clyde to source them investment property.

December has been one of our busiest months since opening in Morningside. There have been 7 new properties brought onto the market with an average rental price of £1242 per month. Our excellent marketing and flexibility with viewings enable us to present the best quality tenants to our landlord within days and even hours of marketing. 

Marketing periods have remained short with a number of properties  achieving in excess of the asking price.  Properties are always in high demand in the EH10 district due to excellent school catchment, access both into the city and out and a fantastic choice of cafes, bars, restaurants and local amenities. In particular two bedroom traditional flats and unfurnished family homes continuing to be popular.

We believe that 2016 will continue to be a positive and strong letting market in the capital with an average rise of 5% in rents being anticipated. We have found a continued demand for properties upto £750 per month. We are also seeing an increase in investment buy to let investors from buyers outwith Edinburgh in the usual hot spots around the areas which command the greatest yields such as Leith, Gorgie and Fountainbridge which is in the middle of being regenerated.

This quarter we also noticed an increasing number of landlords switching to our management service. At the moment we are offering 3 months free management so don’t hesitate to take advantage of this wonderful opportunity. Here at Clyde we feel it is very important to provide realistic valuations. If a property is overvalued it can remain empty for longer than it should. Switching couldn’t be easier, as a Landlord who was particular unhappy with his letting agent found out.

Properties available to rent: 8

Price range: £700 - £2,500

Leases agreed this quarter: 18

Same period last year: n/a

Average rental income: £1,700

Average let time: 7 days

Stuart Brown

Area Director

0131 297 5999

Nicholas Scott

Area Letting Manager

0131 297 5999

Danielle Napier

Receptionist

0131 297 5999

Caroline Knowles

Area Manager

0131 297 5999

Lucy Forbes

Administrator

0131 297 5999

Jennifer Keohane

Receptionist

0131 297 5999

Victoria McLean

Receptionist

0131 297 5999

Crea Coverdale

Receptionist

0131 297 5999

"Delighted to say the least, thoroughly recommend"

After having just two viewings of my property for nearly a month I was frustrated as my date for moving to NZ came closer. I needed a tenant quick to be able to pay our mortgage and was fairly stressed. Thankfully the lovely Caroline Knowles reached out to me after seeing my posts on this page and asked if Clyde Property in Morningside could help. Here's my experience: Made contact on the Wed, Nick Scott (letting manager) came out the next day. Fri took photos and an hour later it was on Rightmove website and it looked absolutely incredible! By the Monday there were three viewings booked. By the end of the week 7 viewings had taken place and we had a tenant in mind. Less than a week later lease signed and tenant moved in!! Delighted to say the least, thoroughly recommend.

Emma Smillie
Letting client, Edinburgh branch
August 2016

"Couldn't have asked for anything more from a selling agent"

This is my first time selling a property, and having to do it immediately post-Brexit was nerve-wracking to say the least! Clyde property got my property on the market quickly, taking over the areas that I didn't have time to deal with, but yet giving my full control and final say in all the marketing material, etc. They worked well with the tenant who was still living the property to reduce disruption whilst ensuring that viewing requests were dealt with promptly. I especially like the "MyClyde" system, where I got updates and could log in (from anywhere) to see any news regarding viewings/feedback etc. The property sold in under 2 weeks for a very good price. Couldn't have asked for anything more from a selling agent.

Dr Kristin Haga
Sales client, Edinburgh branch
August 2016

"We’ve just sold our property through the new Edinburgh branch of Clyde Property and we’re really delighted with the service and result"

We’ve just sold our property through the new Edinburgh branch of Clyde Property and we’re really delighted with the service and result – our property sold in less than 2 weeks! It was so refreshing to deal with down-to-earth people who gave practical, plain-English advice and fantastic round the clock service. The late night and weekend opening made life so much easier for us as we have demanding jobs and struggle to find the time during the usual 9-5 window. Every member of the team we dealt with were very professional and all clearly experts in their field, with excellent face to face, phone and email communications and great advice at all stages. The MyClyde web portal was also really useful and kept us informed throughout the process. I must admit to being slightly worried about not being on ‘ESPC’ at the outset, but this was totally unfounded and I’m glad I listened to Clyde’s expert point of view here. I’ve sold a few properties over the years via solicitors and without a doubt, Clyde Property were far more proactive in marketing the property, booking viewing appointments, following up with viewers and keeping us informed of viewer feedback. We also loved the sales brochure and the amazing video of our property! So overall, a perfect experience from start to finish – I genuinely can’t think of anything that could have been done better. I would highly recommend Clyde Property and will definitely use again if selling in the future.

Carole Mason
Sales client, Edinburgh branch
July 2016

"We were very impressed with Clyde Property Edinburgh"

We were very impressed with Clyde Property Edinburgh who were very professional, gave great service and good advice. The MyClyde service is excellent giving the client instant access to all progress, viewings and feedback. We would definitely recommend Clyde Property to anyone looking to sell their property.

Carolyn Oliver
Sales client, Edinburgh branch
July 2016

"The team at Clyde Property in Edinburgh are in a different league!"

Personal, professional, great attention to detail, excellent communication, outstanding in every way. Highly recommend this team who not only do a great job, but also demonstrate respect and care for their clients. Their ‘MyClyde’ resource which keeps you updated on progress, and which you can access any time, is brilliant! Estate agents don’t always get a good name. The team at Clyde Property in Edinburgh are in a different league! I have no hesitation in highly recommending them. I can’t fault them in any way.

Helen H.
Sales client, Edinburgh branch
July 2016

"Edinburgh has finally got a great estate and letting agency which it has been lacking!"

I had my property on the market for a few months with another agency in Edinburgh and had no interest, no recommendations or support from the Agency. I contacted Stuart Brown at Clyde in Edinburgh and he could not have been more helpful. He had some great idea's on how to market the property, the photographs and brochure was fantastic and we had immediate interest - the team in Edinburgh went out their way to accommodate any viewing requests and kept me posted via MyClyde and by phone at every stage. Ultimately we did not get the offer we hoped for and Stuart advised letting the property back out with a well thought out plan to make the property more marketable. I was placed in the capable hands of Nicholas Scott who created immediate interest in the rental market, keeping me posted throughout. NIck managed to get me a much higher rental amount than any previous letting agent I had used with a suitable professional tenant. This all happened in a very timely manner. Nick also co-ordinated all necessary works to be carried out such as EICR and Gas Safety. Having had trouble with other letting and estate agents with other properties I was extremely pleased with the service from Stuart, Nick, Caroline and the team in Edinburgh who could not have done more to help us. Restored my faith in the industry and would only use Clyde going forward with other properties I plan to sell/let. As well as a great service, the team are always very friendly, approachable and happy to help. Nick was a great help in resolving an issue I had with another property that I was managing myself, Nick seemed genuinely interested in helping and has put excellent tradesman in touch with me to help out. Edinburgh has finally got a great estate and letting agency which it has been lacking!

James Peters
Letting client, Edinburgh branch
July 2016

These are just a small selection of what our clients have said about us, view more on our testimonials page.

Living locally in Edinburgh

Morningside is one of Edinburgh’s most sought after residential districts lying approximately 2 miles to the south of the city centre. Morningside and nearby Bruntsfield offer a wide range of local and speciality shopping, including a Waitrose, Marks & Spencer and Sainbury’s Local as well as the privately owned Dominion Cinema and a superb selection of restaurants and bars.

Excellent schooling is located close by in both the state and private sectors at primary and secondary levels.

The Hermitage of Braid, Blackford Hill and Braidburn Park are fantastic for outdoor activities and for walking the extensive Pentland Hills Country Park is situated nearby at Hillend, also home to a dry ski-slope. The area has many fine golf courses including The Merchants, Mortonhall and the Braids and Braid Hills Golf Centre Driving Range. 

The city centre is easily accessible by car or by excellent public transport services from Morningside Road. Here there is an even wider array of shopping on Princes and George Street as well as world famous landmarks such as Edinburgh Castle. A short drive south takes you to the Edinburgh city bypass offering easy access to Straiton Retail Park, The Gyle and Gogarburn, Edinburgh International Airport and the M8 and M9 Motorways. 

To find out how Clyde Property Edinburgh can help you get moving, download our local guide to selling your home here.

Click on the button below for more detailed information on the local areas covered by Clyde Property Edinburgh.

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