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FREE MAR 2021 Find properties for sale, expert advice and the latest interior trends inside
“CAN WE BE FIRST TO
VIEW THE NEW SHOWHOME?”
JUST ASK CALA
New showhome at Boroughmuir, Edinburgh Computer Generated Image - Exterior at Boroughmuir, Edinburgh
PRIVATE
RESIDENTS’ COURTYARD
OFF STREET PARKING
WITH EV CHARGING ACCESS
New showhome at Boroughmuir, Edinburgh New showhome at Boroughmuir, Edinburgh
10 YEAR
NHBC WARRANTY
N E W 2 B E D R O O M S H O W H O M E O P E N DA I LY BY A P P O I N T M E N T
Showcasing original architectural features within cutting edge contemporary design, B O R O U G H M U I R , B R U N T S F I E L D, E D I N B U R G H, E H 1 0 4 L R
the impressive new showhome at Boroughmuir, in sought-after Bruntsfield, 0 1 3 1 5 1 6 3 5 3 7 I C A L A . C O. U K
offers a living space like no other. ESPC_15MAR *Mortgage Pay offer is available on selected plots only and may be time limited. CALA will pay a mortgage
subsidy that is equal to the lesser of a) your monthly payment multiplied by the agreed number of months, or b) 5% of the
purchase price of your home. For full terms and conditions and purchasing criteria, visit Cala.co.uk/terms. Prices are accurate
at the time of going to print. Images shown are taken from Boroughmuir, Edinburgh and feature, fittings, décor, flooring and
MORTGAGE PAY AVAILABLE* soft furnishings which are not included as standard in a CALA home. Images are used to suggest possible finishes that can be
achieved in your home at an additional cost. Please consult a CALA representative for further details. Some images have been
enhanced. Telephone calls within the British Isles will be charged at local rate. Telephone calls may divert to a mobile service in
which case call charges may vary. Calls may be recorded for training purposes. 5 stars awarded for customers’ willingness to
‘Recommend to a Friend’ in findings of the survey undertaken by the Home Builders Federation 2018/19.
EDITOR’S LETTER
WELCOME CONTENTS
Spring is most definitely in the air now. Embrace places to retire across the east of Scotland,
the bright, playful nature of this season with from Kinross to North Berwick. 6 ESPC NEWS
pom poms on furniture and accessories – see 50 years of house prices in Scotland
some of our favourite home interior products in We also provide details of our upcoming virtual
this issue. Of course, if it’s glamour you’re after, events – whether you’re a first time buyer or
7 EXPERT ADVICE
we also take a look at the art deco trend. buy-to-let investor, there is something for you. COVID-19 and house moves in Scotland
8 ESPC EVENTS
In terms of expert advice in this issue, Nicky And as usual, we have our latest House Price Useful information about the local property
Lloyd, Head of ESPC Lettings, provides an Report which provides key property market market
update on the local rental market while Murray statistics over the past three months.
Souter from ESPC Mortgages discusses the 9 AL FRESCO LIFE
advantages and disadvantages of buying a This outdoor bar is perfect for the lighter
If you’re looking to buy a property, there is a
buy-to-let through a limited company. We also nights
lovely selection of homes advertised in this
identify the best areas in Edinburgh for buy-to-
let properties based on rental yield.
magazine – just keep an eye out for the dark 24 AREA FOCUS
blue ESPC property sticker. Remember, there 10 FEATURE PROPERTY We’ve rounded up some of the best
are thousands more properties to browse at A grand home in the Borders places to retire
David Marshall from Warners LLP offers some espc.com
advice to those thinking of buying in the 16 PROPERTY MARKET UPDATE 32 MORTGAGE ADVICE
current circumstances, including why it’s more Our February House Price Report Buy-to-let mortgages - setting up for a
And if you are selling your home and would like
important than ever to plan ahead and seek limited company
to advertise it in the ESPC magazine, you can 19 GINGHAM STYLE
expert advice.
speak to your ESPC solicitor estate agent to Home interiors in time for spring and
summer
34 POM POM FUN
find out how to do just that.
In this issue you can also find details on the Add a playful edge to your interiors
current Scottish Government guidance on 20 GREEN WITH ENVY
moving home and COVID-19. Moving house Happy reading. We love this beautiful bath
36 THE FIRST HOME FUND EXPLAINED
and related activities are currently permitted, Find everything you need to know about
but the Scottish Government has said it may be Claire Flynn 22 SEARCHING FOR HOMES WITH ESPC Scotland’s First Home Fund
advisable to postpone if possible. Editor The number of properties on ESPC
42 EXPERT ADVICE
Advice on buying a property during
If you’re thinking of retiring and looking to COVID-19
move home, we also round up some of the best
43 FEATURE PROPERTY
An immaculate flat in Newhaven
50 ART DECO
COVER IMAGE: River Back-to-Wall Bath in Dark Green, All material published in ESPC magazine is copyright Add some elegance and glamour to
Water Baths of Ashbourne of the publisher and cannot be reproduced without your home
ESPC (UK) Ltd: 107 George Street, Edinburgh, EH2 3ES permission. All advertisements and articles appearing
in this publication are as far as possible checked for
TEL: 0131 624 8000
accuracy, but persons accepting or offering to accept 56 AREA FOCUS
EDITORIAL: Claire Flynn goods or services contained in any advertisement or The best areas for buy-to-let properties
ADVERTISING: Claire Boulton (07498 876315) article do so at their own risk.
Moyra Vivian (07498 876330) 58 ESPC LETTINGS
EMAIL: espcmagazine@espc.com ©ESPC 2021
DESIGN: Melissa Meikle Rental market update
4 ESPC.COM ESPC.COM 5
ESPC NEWS EXPERT ADVICE
50 YEARS OF HOUSE PRICES IN COVID-19 AND HOUSE MOVES IN
SCOTLAND SCOTLAND
It’s ESPC’s 50th birthday this year, so we’re celebrating with a series of articles looking at the past A reminder of the Scottish Government guidance on house moves and COVID-19
50 years of ESPC and the Scottish property market. In this article, we focus on house prices.
70s 2016 was the first year that the average At the time of writing, mainland Scotland The Scottish Government has also advised that
In 1971, the year ESPC was formed, the average property selling price exceeded that of 2007 remains under lockdown restrictions after you should do as much of the process online as
property selling price in Scotland, according to in Scotland – it was £138,749 that year. Nicola Sturgeon extended these until the possible. They have emphasised that viewings
data from the UK House Price Index, was just start of April. should be done virtually where possible, and
£3,617. However, mortgages started to become It continued to grow from that point. The you should only progress to a physical viewing
more available, meaning house prices rose average selling price in 2019, according The Scottish Government said: “Whilst it is if necessary and you have a serious interest in
steeply over the following decades. to the UK House Price Index, was £151,787 permitted to leave your house for activities making an offer on the property.
which is a significant jump compared to 1971. in connection with moving home (including
80s AND 90s viewing a property), or for activities in Many agents are able to offer virtual valuations
According to this data, in 1980 the average Of course, there are also regional connection with the essential maintenance, at present also – you should speak to the agent
selling price in Scotland had shot up to differences within Scotland – Edinburgh, for purchase, sale, letting, or rental of residential to find out what they can offer.
£15,145 and in 1990 it was up at £35,684. example, has a higher average selling price property that the person owns or is otherwise
than other areas. According to ESPC data, responsible for, at this time it is advisable to Please note that the above article refers to the
THE NEW MILLENNIUM the average selling price in the capital in postpone, if possible. guidance at the time of writing – the guidance
Prices continued to grow as we entered 2019 was £269,249. In 2020, it was £279,162. on house moves may have changed by the
the new millennium – in 2000 the average “Travelling for the purposes of undertaking time of publication. You should contact a
Scottish property selling price was £51,587. WHY HAVE HOUSE PRICES INCREASED essential work on a property other than your solicitor estate agent or head to espc.com/
The first decade of the noughties is known SO MUCH? main residence should not be used as a pretext covid19 to find out up to date information.
for the impact of the financial crash of 2008, It’s important to bear in mind the impact for a holiday. You should not stay longer than
meaning the peak average selling price of of inflation, but there are other factors that for the length of time required to undertake the
£137,043 was seen in 2007. may have contributed to changing house necessary work.”
prices over the years, including access to
POST-FINANCIAL CRASH mortgages. Access to mortgages grew from This means house moves and related activities,
Scotland managed to avoid the severe the 1970s increasing demand for housing. including property viewings, are permitted, but
correction seen in the rest of the UK as a the Scottish Government has said it is advisable
result of the financial crash, and Edinburgh 50 YEARS OF ESPC to postpone if possible.
proved particularly resilient. However, there Follow us on Facebook or sign up to our
was a decline in the next few years, with the email newsletter at espc.com to read more If you need to move house, go to or host a
average selling price in Scotland in 2010 articles celebrating 50 years of ESPC. property viewing or have businesses visit your
sitting at £131,901. home to value or photograph it, it’s important
to follow the necessary Scottish Government
guidance on staying safe while moving home,
which includes social distancing from other
households, regular hand washing and cleaning
of your property. The Scottish Government also
advises wearing a face covering.
Your agent can provide more information on
this and you can also find out more about the
current guidance at espc.com/covid19
6 7
ESPC NEWS INTERIORS
ESPC EVENTS
Find out useful information about the local property market at one of our free online events.
Whether you are a first time buyer, looking legal process of buying a rental property and
to invest in a buy-to-let property or just buy-to-let mortgages.
interested in the local property market, we
have an online event for you. You can find FIRST TIME BUYER EVENT, 27TH MAY 2021
out details of our upcoming events below. AT 12PM
If you’re thinking of buying your first home later
APRIL PROPERTY MARKET UPDATE, this year, make sure to attend this event. We’ll
15TH APRIL 2021 AT 12PM be providing an update on market conditions
During this event, we’ll be providing an and we’ll have a solicitor and independent
update on how the property market has mortgage adviser available to answer all your
performed over the first three months of questions about buying a property.
2021, including the impact of the COVID-19
lockdown restrictions. We’ll also look to see If you sign up to any of our events, you’ll have
what the future might bring and our panel of the opportunity to pre-submit questions to
experts will be on-hand to answer all of your ensure you find out the information that’s
buying and selling questions. relevant to you. And, depending on time, we’ll
also host a live Q&A at the end of the event,
BUY-TO-LET EVENT, 20TH MAY 2021 so if any questions spring to mind during the
AT 12PM webinar you may also get a chance to ask them.
At this event, our experts will be looking at
the buy-to-let market specifically. As well as Book your space at one of our free webinars
average rents and rental yields in Edinburgh, at espc.com/events
they will be able to answer questions on the
AL FRESCO LIFE
The initial consultation with an adviser is free and without obligation. Thereafter, ESPC Mortgages charges for mortgage advice
Spruce up your outdoor drinks this spring and summer with this fantastic outdoor bar
are usually £350 (£295 for first-time buyers). YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS set. It’s the perfect way to enjoy a tipple in your own garden in the sunshine.
ON A MORTGAGE OR OTHER LOANS SECURED AGAINST IT.
ESPC (UK) Ltd is an Appointed Representative of Lyncombe Consultants Ltd which is authorised and regulated by the
Financial Conduct Authority. Palm Outdoor Kitchen Bar Set, Danetti, £1,825, danetti.com
8 ESPC.COM ESPC.COM 9
PROPERTY FEATURE
A GRAND HOME IN
THE BORDERS
This modern property was designed with a Georgian flair,
making it one-of-a-kind…
10 11
PROPERTY FEATURE
A GRAND HOME IN THE BORDERS Positioned just outside the popular
town of Kelso in the Scottish
Borders, this unique property was
completed in 2006. Occupying a
generous plot in the beautifully kept
hamlet of Heiton, the property was
designed with a Georgian flair giving
it a thoroughly distinctive feel.
One of the highlights of the
property is the south-west facing
aspect towards the famous particularly impressive, complete
Roxburgh viaduct, which spans with a stylish en suite. One of the
the River Teviot and majestic other bedrooms also features an
Eildon Hills behind. The rear of en suite. The upper level also has
the property opens to endless a family bathroom and additional
countryside and sheltering storage space.
woodland, making it perfect for
those after a peaceful and semi- The home backs onto an area of
rural location. mature woodland and benefits
from a large enclosed garden.
The property benefits from grand Mostly laid to lawn, the garden
proportions, with a flexible layout is dotted with fruit trees as well
to suit family living and that of as planted borders and beds. It’s
many other buyers. It features the perfect home for a gardening
four reception rooms in total, all of enthusiast.
which are located on the ground
floor. The spacious drawing room Heiton is a lovely village, located
and charming dining room offer just two miles from the sought-
excellent spots for entertaining after town of Kelso in the Borders.
guests once permitted again, while The area is exceptionally well-
the family room and breakfast area connected via the A698, with good
provide more relaxed spaces to road links to Edinburgh, Newcastle,
socialise as a family. Kelso and Jedburgh.
The contemporary kitchen is also The area is ideal for those who
located on the ground floor, along love spending time outdoors, with
with a useful home office, utility beautiful countryside walks and
area and integrated double garage. prime fishing spots. Kelso is also
home to a recently completed
All five bedrooms are located high school, as well as lots of other
upstairs – the main bedroom is amenities.
26 BOWMONT COURT, HEITON, TD5 8JY UNDER OFFER EPC
RATING
OFFERS OVER £550,000
4 5 3 D
CONTACT: Call Hastings Legal on 01573922603
FAIRVIEW, NENTHORN, 9 FORTOUN BANK HOLDINGS,
FAIRVIEW, NENTHORN, 9 FORTOUN BANK HOLDINGS,
KELSO, TD5 7RY EAST LINTON, EH40 3EA
KELSO, TD5 7RY EAST LINTON, EH40 3EA
OFFERS OVER £625,000 5 2 3 E OFFERS OVER £600,000 4 2 2 F
OFFERS OVER £625,000 5 2 3 E OFFERS OVER £600,000 4 2 2 F
ESPC PROPERTY ESPC PROPERTY
An elegant and striking family home set against a stunning countryside backdrop, Fairview Impressive 4 bedroom detached property with fully enclosed and enchanting gardens and
offers
An much
elegant andmore thanfamily
striking simply
homea rural restorative
set against haven. countryside
a stunning Boasting charm, character
backdrop, and
Fairview woodland
Impressive extending to approximately
4 bedroom 1 acre.with
detached property Thefully
property is welland
enclosed presented throughout
enchanting gardenswith
and
stunning
offers much features
more blending seamlessly
than simply a rural with contemporary
restorative styled elements,
haven. Boasting Fairview caters
charm, character and a woodland
flexible layout and open
extending outlook. There
to approximately are The
1 acre. also property
2 doubleisgarages, a workshop,
well presented shed and
throughout with
ably for modern
stunning featurestastes and seamlessly
blending requirements.withWith a peaceful location
contemporary and glorious
styled elements, surrounding
Fairview caters greenhouse.
a flexible layout and open outlook. There are also 2 double garages, a workshop, shed and
gardens, including a wishing well and water feature, complete with sauna and
ably for modern tastes and requirements. With a peaceful location and glorious surrounding hot tub, this greenhouse.
forever home
gardens, is anaenviable
including wishing find
well for
andany country
water lifestyle
feature, seeker.with sauna and hot tub, this
complete
forever home is an enviable find for any country lifestyle seeker.
VIEWING INFORMATION VIEWING INFORMATION
VIEWING INFORMATION
Contact Hastings Legal & PropertyTel: 01573 225999 VIEWING
By INFORMATION
appt tel Agent 01620 532654
Contact Hastings Legal & PropertyTel: 01573 225999 By appt tel Agent 01620 532654
14 ESPC.COM ESPC.COM 15
THE PROPERTY MARKET
Arthur’s Seat, Edinburgh
HOUSE PRICE REPORT FEBRUARY 2021
Find out key property market statistics for Edinburgh, the Lothians, Fife and the Borders
over the past three months.
Over the past three months, the average
KEY POINTS property selling price in Edinburgh,
the Lothians, Fife and the Borders was
£265,446, up 6.2% compared to the
previous year. Properties in East Fife and
£265,446
the Borders saw significant increases in
average selling price year-on-year, up
19.2% and 13.7% respectively.
average
selling price
From December 2020 to February 2021,
properties in East Lothian experienced
Over the past three months in Edinburgh, the a 6.1% increase in average selling price
Lothians, Fife and the Borders, the average compared to last year while homes in
Midlothian saw a 2.8% increase. West in terms of property listings, current stay- times, indicating strong demand for homes.
selling price rose by 6.2% year-on-year to
Lothian properties had a similar average at-home guidance and impact of home Fewer homes coming to market so far in
£265,446.
selling price to the same timeframe last schooling. 2021 is likely resulting in increased
year. competition for properties in Edinburgh, the
However, the volume of property sales was Lothians, Fife and the Borders.
up 42.2% in these areas over the last three
42.2%
In West Fife & Kinross, the average selling
price over the past three months was months, which indicates how busy the market “There are a few different possible reasons
up 6.8% compared to the previous year. was towards the end of 2020. for the fall in new property listings year-on-
increase in Within this area, properties in Dunfermline year, including the strong start to 2020 in
volume of saw a significant 13.4% increase Between December 2020 and February terms of homes coming to market, current
property sales 2021, the average percentage of Home stay-at-home guidance and impact
year-on-year.
Report valuation achieved by properties of home schooling.
Houses and flats in Edinburgh had an in Edinburgh, the Lothians, Fife and the
The volume of property sales in these areas average selling price of £279,593 over the Borders was 102.7%, 0.6 percentage points “However, we are continuing to see strong
during this time was up 42.2% year-on-year. past three months, up 4.5% compared to up compared to the same period last year. In numbers of property valuation requests,
the same period last year. Properties in Edinburgh, properties achieved 102.8%, down indicating a high level of demand to sell
the south of Edinburgh saw the greatest 0.7 percentage points compared to last year. in the near future. With the recent
growth in average selling price compared announcements regarding more pupils
6.1%
to other areas of the city, rising by 11.5% Across Edinburgh, the Lothians, Fife and the going back to school in March and the end
to £331,473. Borders, the median time it took for a property of the stay-at-home guidance in April, we
to be placed under offer was 20 days, six days may start to see more properties coming to
decrease in
homes coming From December 2020 to February 2021, faster than last year. Properties in West Fife market in the upcoming months.
to market the volume of homes coming to market & Kinross saw a much faster selling time this
in Edinburgh, the Lothians, Fife and the year, at 13 days compared to 33 days last year. “Those interested in buying or selling a
Borders was down 6.1% year-on-year. property in the near future should speak to a
From December 2020 to February 2021, the This decline has occurred in January Paul Hilton, CEO of ESPC, said: “Over the past solicitor estate agent for expert advice on the
number of new property listings in Edinburgh, and February – this could be due to a three months, we saw average selling prices process and latest Coronavirus guidance on
the Lothians, Fife and the Borders was down combination of the strong start to 2020 rise year-on-year along with faster selling moving home.”
6.1% compared to the previous year.
16 ESPC.COM 17
37 CLERMISTON ROAD,
37 CLERMISTON ROAD, INTERIORS
CORSTORPHINE, EH12 6XD
CORSTORPHINE, EH12 6XD
OFFERS OVER £575,000 3 2 2 D
OFFERS OVER £575,000 3 2 2 D
ESPC PROPERTY
GINGHAM STYLE
This refreshing and bright pattern has swept its way through the fashion
world and into home interiors in time for spring and summer. Whether
you go for muted or bright colours, it will add interest to any room.
Truly impressive 3 bedroom traditional terraced house that has been cleverly extended.
Walking
Truly distance3ofbedroom
impressive local amenities and within
traditional easy
terraced reachthat
house of the
hasCity Centre.
been Lovely
cleverly enclosed
extended.
west-facing
Walking rear of
distance garden. Bright andand
local amenities stylish interior
within easy complemented
reach of the Cityby charming
Centre. features.
Lovely enclosed
west-facing rear garden. Bright and stylish interior complemented by charming features.
VIEWING INFORMATION
VIEWING
By appt telINFORMATION
Agent 0131 581 5711
By appt tel Agent 0131 581 5711
Gingham products, Homescapes, prices vary, homescapesonline.com
18 ESPC.COM ESPC.COM 19INTERIORS
GREEN WITH ENVY
You might have thought that we left green baths
back in the seventies, but we love the colour of this
tub. As a colour of nature, green helps transform your
bathroom into the haven of relaxation it should be.
River Back-to-Wall Bath in Dark Green, Water Baths of Ashbourne, £2,290, waterbaths.co.uk
20 ESPC.COMESPC AREAS
SEARCHING FOR A HOME WITH ESPC ESPC AREAS
EDINBURGH
CENTRAL
FIFE
Over
Thousands
of properties 570,000
WEST EAST LOTHIAN
LOTHIAN
to browse at espc.com property alert emails
sent via My ESPC in
February 2021
GLASGOW
& WEST OF MIDLOTHIAN
SCOTLAND
160 Leith DUMFRIES &
solicitor estate
GALLOWAY BORDERS
agents
to help you buy and saw the greatest number of
sell a home new property listings over Local homes advertised for sale with ESPC first –
the past three months look out for the Exclusive badge online.
Firth of Forth Coast Eyemouth Harbour West Lothian Fife Prestwick Promenade
Edinburgh
22 ESPC.COM ESPC.COM 23AREA FOCUS
North Berwick
PLACES TO RETIRE
We’ve rounded up some of the best places to retire…
24 25AREA FOCUS
Linlithgow
When it comes to retirement, location is particularly important. That’s
why, at Juniper Residential, we provide age exclusive living for over 55s in
some of Scotland’s most desirable locations, with developments set within
landscaped grounds and close to local amenities.
Hazel Davies, Sales and Marketing Director, Juniper Residential
LINLITHGOW from Straiton Retail Park, which offers a great
West Lothian’s county town is a great place selection of shops and supermarkets.
to consider moving to when you are thinking
of retirement. The town is well-placed for NORTH BERWICK
accessing either Edinburgh or Glasgow, with This seaside town is often seen as one of
a regular rail service to both cities. Linlithgow the most desirable places to live in Scotland,
also features a number of lovely pubs, which isn’t surprising, with lovely beaches,
eateries and shops along the High Street. coastal walks and a selection of world-
renowned golf courses located close by.
PLACES TO RETIRE ROSLIN
This tranquil Midlothian village offers a lovely
There are also excellent train, road and bus
links into the centre of Edinburgh.
semi-rural retreat, yet still provides easy
If you are thinking about retiring and moving To help you out, we’ve highlighted some of access to the city of Edinburgh, which it lies North Berwick also features a range of
to a new home, it can sometimes be difficult the top areas for retirement in the local area. just seven miles south of. There are a couple properties, from more traditional dwellings to
to decide which area is the right fit for you. of shops and eateries in the village, but Roslin contemporary homes.
KINROSS is also conveniently located a short drive
You will need to decide whether you would Positioned by the picturesque Loch Leven,
like to live in a retirement development, Kinross also lies just off the M90 meaning
which can offer the benefits of independent it is well-connected to Edinburgh and Fife.
living along with additional support, or if you There is also a great choice of property in PITTENWEEM SCONE
would prefer to stay in another property. You the town, including dedicated retirement There are lots of idyllic fishing towns The village of Scone in Perthshire is a
may also need to factor in proximity to family developments. dotted around the East Neuk of Fife, but highly sought-after place to live, thanks
members, public transport links and access to
Pittenweem is particularly lovely. The to its peaceful way of life and incredible
other local amenities. MORNINGSIDE harbour is the main focus of the village history. There is also a lovely selection
Located in the south-west of Edinburgh, with picturesque houses surrounding it. of property here, including more modern
Morningside Morningside features a wide variety of retirement developments.
independent shops and restaurants and is
just a short distance from the city centre with
regular bus links available. It also benefits
from proximity to several golf courses,
including the Merchants of Edinburgh, Braid
Hills and Craigmillar.
From traditional flats to bigger houses and
modern developments, Morningside also
features a superb range of property, meaning Pittenweem Scone Palace
you will likely find something to suit.
26 ESPC.COM 27APARTMENT D, SALTOUN HALL, PENCAITLAND, 2 (GF) BRAID CRESCENT,
APARTMENT D, SALTOUN HALL, PENCAITLAND, 2 (GF) BRAID CRESCENT,
EAST LOTHIAN, EH34 5DS EDINBURGH, EH10 6AU
EAST LOTHIAN, EH34 5DS EDINBURGH, EH10 6AU
OFFERS OVER £530,000 3 2 2 F OFFERS OVER £475,000 2 1 2 D
OFFERS OVER £530,000 3 2 2 F OFFERS OVER £475,000 2 1 2 D
ESPC PROPERTY ESPC PROPERTY
Delightful double upper apartment within A Listed mansion house. Contemporary and period Located in the highly sought after residential area of Morningside, this attractive 2 bed
finishes, high
Delightful ceilings,
double uppershutters,
apartmentstone staircase,
within A Listedflagstone flooring,
mansion house. fireplaces and
Contemporary cornicing.
and period ground
Locatedfloor flat highly
in the benefits from after
sought a private gardenarea
residential and of
a lovely open outlook.
Morningside, The interior
this attractive 2 bed
Extensive
finishes, communal
high ceilings, grounds
shutters,and individual
stone allotments.
staircase, flagstoneDriveway
flooring, and garage.and cornicing.
fireplaces isground
bright, floor
well presented and
flat benefits generously
from a privateproportioned
garden and aand includes
lovely open aoutlook.
numberTheof period
interior
Extensive communal grounds and individual allotments. Driveway and garage. features.
is bright, well presented and generously proportioned and includes a number of period
features.
VIEWING INFORMATION VIEWING INFORMATION
VIEWING
By appt telINFORMATION
Agent 01620 532654 VIEWING
By INFORMATION
appointment telephone agent 0131 581 5711
By appt tel Agent 01620 532654 By appointment telephone agent 0131 581 5711
30 ESPC.COM ESPC.COM 31IDABANK, POMATHORN ROAD,
MORTGAGE ADVICE
IDABANK, POMATHORN ROAD,
PENICUIK, EH26 8PJ
BUY-TO-LET MORTGAGES - SETTING UP PENICUIK, EH26 8PJ
FOR A LIMITED COMPANY OFFERS OVER £450,000 5 1 4 D
OFFERS OVER £450,000 5 1 4 D
Murray Souter from ESPC Mortgages discusses purchasing a buy-to-let property through a
limited company. ESPC PROPERTY
If you are considering purchasing buy- It is crucial a client gets independent tax and
to-let properties under your own limited legal advice prior to considering this option.
company, it is important you understand
the advantages, disadvantages and ESPC MORTGAGES
responsibilities associated with this course As independent mortgage advisers, ESPC
of action. We would always highly Mortgages can help with all aspects of
recommend clients seek independent tax understanding your budget, applying for
and legal advice before proceeding as this a mortgage and dealing with the relevant
course of action is not always the best way insurance requirements. Contact us today on
to proceed in all circumstances. fsenquiries@espc.com or 0131 253 2920, or
visit espc.com/mortgages
ADVANTAGES
The amount of buy-to-let tax relief for
individual landlords has been cut in recent
years for higher rate tax payers, but this
change does not affect limited companies.
The tax-free dividend allowance in the
2020/2021 tax year is £2000, so clients can
potentially receive some tax-free dividend
from the limited company.
DISADVANTAGES
There is no capital gains tax allowance when
the company sells a property. Individuals
would have a capital gains tax allowance,
doubled where the property is owned jointly. The information contained in this article is provided in good Stunning detached family house located in a beautiful rural setting with lovely open views.
faith. Whilst every care has been taken in the preparation of
Superb private
Stunning garden
detached to the
family front,located
house side and
in arear and a rural
beautiful largesetting
securewith
gated driveway.
lovely Easy
open views.
As a limited company, there will be the information, no responsibility is accepted for any errors
which, despite our precautions, it may contain. commuting distance
Superb private of Edinburgh.
garden Stylish,
to the front, side beautifully
and rear andpresented
a large interior. Charming
secure gated features.
driveway. Easy
additional costs involved. These would
commuting distance of Edinburgh. Stylish, beautifully presented interior. Charming features.
include preparation of company accounts, The initial consultation with an adviser is free and without
corporation tax calculations for HMRC, legal obligation. Thereafter, ESPC Mortgages charges for
fees and annual auditing if applicable. mortgage advice are usually £350 (£295 for first-time
buyers). YOUR HOME MAY BE REPOSSESSED IF YOU
DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR VIEWING INFORMATION
Many lenders currently do not offer OTHER LOANS SECURED AGAINST IT.
VIEWING INFORMATION
mortgages for limited companies so there By appt tel Agent 0131 581 5711
ESPC (UK) Ltd is an Appointed Representative of Lyncombe
will be a restricted choice and possibly Consultants Ltd which is authorised and regulated by the
By appt tel Agent 0131 581 5711
higher interest rates. Financial Conduct Authority.
32 ESPC.COM ESPC.COM 33INTERIORS
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34 ESPC.COM ESPC.COM 35EXPERT ADVICE
WHO IS ELIGIBLE FOR THE FIRST The Scottish Government has
HOME FUND AND ARE THERE CERTAIN confirmed that they plan to
REQUIREMENTS I NEED TO MEET? reopen applications for the
The scheme is open to all first time buyers scheme on 1st April 2021 for
in Scotland who are taking out a mortgage.
You can’t apply to the scheme if you are a
home purchases due to be
cash buyer or if you have previously owned a completed in the 2021/2022
property in the UK or abroad at any time, as financial year.
either a sole or joint owner.
the completion or date of entry of the new
There is a limit of one application per property being purchased.
property – you can submit a joint application,
but you will be limited to one award of HOW DO I APPLY FOR THE FIRST HOME
£25,000. Your mortgage must be capital FUND?
repayment and be at least 25% of the
Once you’ve had an offer accepted on a
purchase price.
property, you can fill out the application form
on Link Housing, which will ask for personal
The property must be your sole residence details and information about the property
– the scheme is not eligible for buy-to-let you are purchasing. You must do this before
properties. your solicitor concludes the missives for your
purchase.
You also cannot apply for any other Scottish
Government shared equity schemes while
THE FIRST HOME FUND EXPLAINED
The completed form will be sent to the
applying for this scheme. You must withdraw Administering Agent for the scheme, who
any other open applications if you choose to will complete a sustainability assessment to
Find everything you need to know about Scotland’s First Home Fund in this article… apply for the First Home Fund. assess whether you can meet your monthly
mortgage payments. If your application
IS THE FIRST HOME FUND OPEN FOR HOW MUCH MONEY ARE FIRST TIME CAN I USE MONEY FROM A HELP TO BUY is accepted, then you, your independent
APPLICATIONS? BUYERS ENTITLED TO FROM THE ISA OR LIFETIME ISA ALONGSIDE THE mortgage adviser (if you have one) and your
Due to the high number of applications SCHEME? FIRST HOME FUND? solicitor will receive an Award Letter from the
over the summer of 2020, the First Home The First Home Fund will lend eligible buyers You may have been using a Help to Buy or Administering Agent.
Fund closed to new applications on 2nd up to £25,000 (this will be capped at 49% Lifetime ISA in order to save for your first
October 2020. of the property valuation or purchase price, home, as these both offer a 25% government The Award Letter is valid for three months,
whichever is lower) to help boost their boost on savings. You can use the money during which time you are expected to
However, the Scottish Government has deposit and help them on to the property from these for your deposit when using the conclude missives. If you do not conclude
confirmed that they plan to reopen ladder. First Home Fund. missives in this time, then your application
applications for the scheme on 1st April 2021 will be cancelled, and you’ll need to re-apply.
for home purchases due to be completed in WILL I STILL NEED TO CONTRIBUTE A I’M A FIRST TIME BUYER BUT MY
the 2021/2022 financial year. DEPOSIT PAYMENT? PARTNER IS NOT – WILL WE BE ELIGIBLE Once you receive your Award Letter, you
Yes, you will still need to contribute a deposit FOR THE SCHEME? should also contact your independent
If you are thinking of applying for the First of at least 5% (subject to individual lender Only one of the joint purchasers of a mortgage adviser and lender to start the
Home Fund when the scheme reopens, it’s requirements) of the value of the house or property must be a first time buyer in order process for a full mortgage. The settlement
worth seeking independent mortgage advice flat. The loan is available to help boost this to apply for the scheme. However, the of the purchase must be completed within
to understand how the scheme works and deposit. other purchaser will need to ensure any six months of the date when you conclude
prepare you for buying your first home. properties they own have been sold before missives. (continued on page 38)
36 ESPC.COM ESPC.COM 37EXPERT ADVICE
There are some conditions on how you can you have a greater choice of homes and
increase your share, which are covered below: areas. The Help to Buy scheme was only
• You must increase your equity share by at available with new build developments,
least 5%. meaning you would be restricted to areas
where these developments are being built.
• If your equity share is 90% or higher, any
further increase must be to 100%.
If you are thinking of applying for the
• You may increase your equity share up to First Home Fund when it opens, it’s worth
100%. speaking to an independent mortgage
adviser now as they can advise you on how
In order to increase your equity share, a the scheme works and how to prepare for
property valuation must be undertaken. buying your first home.
This will provide you with the open market
value of the property which will be used to ESPC Mortgages is a team of independent
calculate equity shares. You will have three mortgage specialists who can help you with
months from the date of this valuation your home buying journey. Get in touch
to increase your equity share and make with the team by filling out our form below,
A fee of £550 will be charged and collected However, you will own the property outright payment. emailing fsenquiries@espc.com or calling
by the Administering Agent once they receive and hold the full title. 0131 253 2920.
your application. This will be refunded to If you are planning to sell your property and
you if your application fails at any time, WHEN DOES THE LOAN NEED TO BE repay the loan at that stage, you also need The information contained in this article is provided in good
except in cases where there has been REPAID? to notify your Administering Agent. You also faith. Whilst every care has been taken in the preparation of
misrepresentation or fraud on your part. You must repay the loan when you sell cannot sell your property below 95% of the the information, no responsibility is accepted for any errors
which, despite our precautions, it may contain.
the property. How much you need to valuation figure without the agreement of the
The Scottish Government has recommended repay depends on how much you borrow Scottish Ministers. The initial consultation with an adviser is free and without
that you obtain independent mortgage on the scheme and what percentage of obligation. Thereafter, ESPC Mortgages charges for
advice before applying to this scheme, mortgage advice are usually £350 (£295 for first time
the property’s value this makes up. CAN I USE THE LOAN MONEY TO buyers). YOUR HOME MAY BE REPOSSESSED IF YOU
to ensure it is right for you and your BID OVER THE VALUATION OF THE DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR
circumstances. For example, if you use £25,000 for a PROPERTY? OTHER LOANS SECURED AGAINST IT.
property valued at £100,000, you will The Scottish Government has confirmed
ESPC (UK) Ltd is an Appointed Representative of Lyncombe
IS IT A CASH OR EQUITY LOAN SCHEME? need to repay 25% of the property’s that the loan amount is not intended to be Consultants Ltd which is authorised and regulated by the
It is an equity loan scheme. selling price to the government when able to be used to bid over the Home Report Financial Conduct Authority.
you choose to sell. valuation of property.
Buying a property through a shared
equity scheme means you split the cost of This means no monthly payments are This means that you will need to save a
purchasing the property with the Scottish required, unlike a mortgage. 5% deposit and the money required to bid
Government. You will fund your share over the Home Report valuation of the
through a deposit and mortgage and the You can also pay the loan back before by property. Starter homes in Edinburgh and the
Scottish Government will fund the rest. increasing your equity in the scheme. You surrounding areas are in high demand, so are
will need to speak to the Administering frequently sold for over their Home Report
Whatever amount the Scottish Government Agent before doing this and there are valuation.
fund (up to £25,000, which is capped at 49% costs involved in increasing equity which
of the valuation or purchase, whichever is you will be responsible for. One of the main advantages of this scheme
lower), will be invested as a percentage share is that it will be applicable to both resale and
of the property valuation. new build properties, meaning
38 ESPC.COM ESPC.COM 39HAZELBANK, 16 BARR ROAD,
HAZELBANK, 16 BARR ROAD, FIDRA COTTAGE, 59 WESTGATE,
GALASHIELS, TD1 3HX
GALASHIELS, TD1 3HX NORTH BERWICK, EH39 4AQ
OFFERS OVER £425,000 4 4 3 C
OFFERS OVER £425,000 4 4 3 C OFFERS OVER £400,000 3 1 1 D
ESPC PROPERTY ESPC PROPERTY
Enjoying an outstanding location just a short stroll from the beach and bustling High Street,
Fidra Cottage forms all of the ground floor of a large, converted period house, complete with
grand proportions, three bedrooms and a beautifully landscaped, sunny garden.
Nestled among mature sheltering greenery, Hazelbank sits proudly on Barr Road - a quiet Enjoying an outstanding location just a short stroll from the beach and bustling High Street,
and leafy
Nestled suburb
among off the
mature main thoroughfare
sheltering of the town.
greenery, Hazelbank This striking
sits proudly on Barr property
Road - a boasts
quiet Fidra Cottage forms all of the ground floor of a large, converted period house, complete with
welcoming
and family off
leafy suburb friendly accommodation,
the main thoroughfarea of
well
theestablished
town. Thisand generous
striking garden
property with
boasts grand proportions, three bedrooms and a beautifully landscaped, sunny garden.
excellent privacy and attractive frontage complete with turret!
welcoming family friendly accommodation, a well established and generous garden with
excellent privacy and attractive frontage complete with turret!
VIEWING INFORMATION
VIEWING INFORMATION
VIEWING INFORMATION VIEWING INFORMATION
Contact Hastings Legal & Property Tel: 01750 724160 Viewing by appointment with Gilson Gray:
Contact Hastings Legal & Property Tel: 01750 724160 Viewing by appointment with Gilson Gray:
01620 893481. 01620 893481.
40 ESPC.COM ESPC.COM 41EXPERT ADVICE PROPERTY FEATURE
ADVICE ON BUYING A PROPERTY
DURING COVID-19
David Marshall, Operations Director at Warners Solicitors & Estate Agents, offers some advice to
those who are currently thinking of buying a home.
PLAN AHEAD to find someone who will be able to assist
AN IMMACULATE FLAT
It’s always important to plan ahead when
buying a property and that’s especially true
you and offer you the advice that you need
as early as possible.
IN NEWHAVEN
now. Moving home is permitted under the With stylish interiors and views over the Forth,
current lockdown restrictions but the Scottish A good mortgage broker will be able to help this property is not to be missed.
Government has advised that it may be find you the most suitable deal during an
advisable to postpone if possible. Many of the often fast changing mortgage market, as
processes involved in buying a home are also well as helping you to get an agreement in
different to how they were before. principle which you will want to have in place
before submitting any offers.
Due to these differences, it’s best to
familiarise yourself with the Scottish USE THE VIRTUAL TOURS
Government guidance on moving As part of the current guidance, you should
home from the outset, plan ahead and view properties “virtually” in the first instance
have contingencies in place should any and only proceed to a physical viewing if you
unexpected delays crop up. have a serious interest in buying the property.
SPEAK TO EXPERTS AS EARLY AS To make this easier, some agents like
POSSIBLE Warners are including 360 Virtual Tours when
Although things have calmed down a little in marketing a home for sale and you can view
the last four months, since the market reopened these online at espc.com, where you can also
it has not been unusual to see properties going view copies of the property’s Home Report
under offer within a week of going live, so you’ll and sales particulars.
want to be able to act quickly when you see a
property you like. EXPECT DECORATIVE DELAYS
If you need to move under the current
Most solicitors won’t charge you for noting restrictions, remember that tradespeople
interest or for unsuccessful offers, so it’s best should only be entering homes for essential
works. If you’re hoping to put your own stamp
on your new home, bear in mind that you
probably won’t be able to do this straight away.
Even once these activities are allowed, painters,
decorators and other tradespeople will probably
need to get through a large backlog of work so
get in touch with them as early as possible and
be prepared to be patient.
Find out more about Warners at warnersllp.com
or call the team on 0131 667 0232.
42 ESPC.COM 43PROPERTY FEATURE
AN IMMACULATE FLAT IN NEWHAVEN Boasting breath-taking views of the
Firth of Forth and towards the iconic
Forth Rail Bridge, this immaculately-
presented ground floor flat in
Newhaven is ideal for those looking
to live in a well-connected area
close to the City Centre.
One of the highlights of the
property is the beautiful sun
terrace, accessed from the living presented and offers built-in
room. With ample space for wardrobe storage.
furniture, it’s the ideal spot to
enjoy some al fresco drinks and A family bathroom completes the
the spectacular views over the accommodation – it is bright, airy
Firth of Forth. The property also and stylish, with a WC, bath, sink
features an enclosed garden to and separate shower. The property
the rear, accessed via the kitchen/ is also double glazed and has
dining room. underfloor heating.
Upon entering the property, Positioned in popular Newhaven
you are greeted by a welcoming near the trendy areas of Leith and
entrance hallway with useful the Shore, this flat is conveniently
storage cupboards. The spacious close to lots of local amenities,
lounge sits to the front of the including the Ocean Terminal
property, with a feature fireplace shopping centre and Asda
that acts as a focal point. superstore. With a number of
excellent bus links, the area also
The bespoke contemporary offers easy access to all other parts
kitchen is also hugely impressive, of the city.
with granite work surfaces and a
Belfast sink. The kitchen is open Those who love walking, running
plan to the dining area, which or cycling can take advantage
features a glass door that leads to of the paths along the Firth of
the private garden. Forth, either heading west towards
Cramond, or east through Leith
The property benefits from two Links to Portobello Beach.
bedrooms – the main one is bright
and airy, with built-in wardrobes, With an excellent location and
custom-fitted window shutters stylish décor, this flat would be
and an en suite shower room. The ideal for anyone looking to make
second bedroom is also well the most of living in the city.
2/1 WESTERN HARBOUR BREAKWATER, NEWHAVEN, EDINBURGH, EH6 6PA EPC
RATING
OFFERS OVER £335,000
2 2 2 C
CONTACT: Call Watermans Legal on 0131 253 2959MANORHILL HOUSE
9 (1F) ST STEPHEN PLACE, MANORHILL HOUSE
UPPER APARTMENT 2, SELKIRK, TD7 5LS
STOCKBRIDGE, EDINBURGH, EH3 5AJ UPPER APARTMENT 2, SELKIRK, TD7 5LS
OFFERS OVER £315,000 2 2 2 D
OFFERS OVER £385,000 3 2 1 C OFFERS OVER £315,000 2 2 2 D
ESPC PROPERTY ESPC PROPERTY
Occupying the first floor of a Georgian tenement and brimming with character and traditional A country escape beautifully restored in true homage to its Victorian roots, Manorhill sits
features, the three-bedroom property comes with access to a delightful shared garden and inAacountry
secluded privatebeautifully
escape location set to theinedge
restored trueofhomage
town surrounded by stunning
to its Victorian landscaped
roots, Manorhill sits
enjoys an enviable location in the heart of this cosmopolitan area. gardens with a private
in a secluded rolling countryside
location setbackdrop,
to the edgesheltering
of townwoodlands
surroundedand by restorative outlooks
stunning landscaped
This is an enviable
gardens home,countryside
with a rolling presented immaculately which has
backdrop, sheltering been carefully
woodlands restored to
and restorative retain
outlooks
the
This is an enviable home, presented immaculately which has been carefully restored todécor
original charm of the era; blending carefully with contemporary touches and a chic retain
throughout.
the original charm of the era; blending carefully with contemporary touches and a chic décor
VIEWING
throughout.INFORMATION
VIEWING INFORMATION VIEWING INFORMATION
Contact Hastings Legal & Property Tel: 01750 724160
Call VMH 0131 253 2964 Contact Hastings Legal & Property Tel: 01750 724160
46 ESPC.COM ESPC.COM 4712 3F2 COMELY BANK TERRACE, THE SIGNAL HOUSE, 11 CORDINER'S LAND,
12 3F2 COMELY BANK TERRACE, THE SIGNAL HOUSE, 11 CORDINER'S LAND,
EDINBURGH, EH4 1AS 70 WEST PORT, EDINBURGH, EH1 2JA
EDINBURGH, EH4 1AS 70 WEST PORT, EDINBURGH, EH1 2JA
FIXED PRICE £310,000 2 1 1 E OFFERS OVER £295,000 1 1 1 F
FIXED PRICE £310,000 2 1 1 E OFFERS OVER £295,000 1 1 1 F
ESPC PROPERTY ESPC PROPERTY
Bright 2 bedroom top floor flat located in the heart of the highly desirable residential Unique and charming traditional detached cottage situated in a secluded courtyard in
area of2 Comely
Bright bedroomBank
top and
floorwithin easy access
flat located in theof heart
the City Centre.
of the Thedesirable
highly propertyresidential
offers well Edinburgh's
Unique andhistoric Grassmarket.
charming traditionalPrivate patio
detached gardensituated
cottage and amazing views ofcourtyard
in a secluded Edinburghin
proportioned
area of Comelyaccommodation
Bank and withinwith a delightful
easy access ofopen outlook
the City and access
Centre. to a shared
The property offersgarden
well Castle. Stylish historic
Edinburgh's interior and planning permission
Grassmarket. to extend
Private patio gardenand
andcreate a master
amazing viewsbedroom and
of Edinburgh
to the rear. accommodation with a delightful open outlook and access to a shared garden
proportioned en-suite.
Castle. Stylish interior and planning permission to extend and create a master bedroom and
to the rear. en-suite.
VIEWING INFORMATION VIEWING INFORMATION
VIEWING
By appt telINFORMATION
Agent 0131 581 5711 VIEWING
By INFORMATION
appt tel Agent 0131 581 5711
By appt tel Agent 0131 581 5711 By appt tel Agent 0131 581 5711
48 ESPC.COM ESPC.COM 49INTERIORS
ART DECO
Add some elegance and
glamour to your home
with these super stylish
products.
Gold Pleated Wall Clock, Eichholtz Trapezium Chair,
Audenza, £48, Sweetpea & Willow, £1,160,
audenza.com sweatpeaandwillow.com
Audrey Motion Sofa by Galloti & Radice, Chaplins Furniture, from £8,377, chaplins.co.uk
Art Deco Geometric Outdoor Art Deco Canopy Table Lamp, Geometric Deco Print Velvet
Rug, Lime Lace, £69, Rockett St George, £55, Cushion, Cult Furniture, £20,
limelace.co.uk rockettstgeorge.co.uk cultfurniture.com Art Deco Stained Glass Effect Window Film, Purlfrost, £65 per square metre, purlfrost.com
50 ESPC.COM ESPC.COM 51BRAESIDE COTTAGE, ANCRUM, ROSEBANK LODGE & PLOT SHEDDEN PARK ROAD,
BRAESIDE COTTAGE, ANCRUM, ROSEBANK LODGE & PLOT SHEDDEN PARK ROAD,
JEDBURGH, TD8 6XA KELSO, TD5 7BW
JEDBURGH, TD8 6XA KELSO, TD5 7BW
OFFERS OVER £260,000 2 2 1 D OFFERS OVER £250,000 2 1 1 N/A
OFFERS OVER £260,000 2 2 1 D OFFERS OVER £250,000 2 1 1 N/A
ESPC PROPERTY ESPC PROPERTY
Picture perfect with an idyllic village location to match, Braeside is a masterclass in home and
gardenperfect
Picture styling with
- in aan
well-connected area fortoamenities
idyllic village location and leisure,
match, Braeside this is the ideal
is a masterclass choice
in home for
and Set to the edge of the bustling and vibrant market town of Kelso, this exciting opportunity to
those instyling
garden search ofaawell-connected
- in retreat offeringarea
an enviable lifestyle
for amenities andchoice.
leisure, this is the ideal choice for develop a Victorian
Set to the lodge
edge of the and adjoining
bustling plot,market
and vibrant is set opposite the charming
town of Kelso, Shedden
this exciting Park in ato
opportunity
those in search of a retreat offering an enviable lifestyle choice. desirable
develop catchment for amenities
a Victorian lodge and schooling,
and adjoining and
plot, is set includes
opposite theplanning
charming in Shedden
place to create
Park inaa
stylish home with extension to the existing lodge and the erection of a family
desirable catchment for amenities and schooling, and includes planning in place to create home on thea
neighbouring plot.
stylish home with extension to the existing lodge and the erection of a family home on the
neighbouring plot.
VIEWING INFORMATION VIEWING INFORMATION
VIEWING
Tel: 01573 INFORMATION
922603 VIEWING
Contact INFORMATION
Hastings Legal & PropertyTel: 01573 225999
Tel: 01573 922603 Contact Hastings Legal & PropertyTel: 01573 225999
52 ESPC.COM ESPC.COM 53BENGERBURN OLD FARMHOUSE, BENGERBURN OLD FARMHOUSE,
BENGERBURN OLD FARMHOUSE, DEVELOPMENT SITE WOODBINE GROVE
SELKIRK, TD7 5LD SELKIRK, TD7 5LD
SELKIRK, TD7 5LD BURNMOUTH TD14 5RT
OFFERS OVER £235,000 2 1 2 F OFFERS OVER £235,000 2 1 2 F
OFFERS OVER £235,000 2 1 2 F OFFERS OVER £230,000 0 0 N/A
ESPC PROPERTY ESPC PROPERTY
Immersed in the beauty of the Valleys, this charming semi-detached property is presented in Immersed in the beauty of the Valleys, this charming semi-detached property is presented in
excellent condition
Immersed - with
in the beauty of uninterrupted outlooks
the Valleys, this over
charming rolling countryside.
semi-detached property is presented in excellent condition
This sizeable - with uninterrupted
development outlooks
site sits on overofrolling
the edge countryside.coastal village with
this established
excellent condition - with uninterrupted outlooks over rolling countryside. excellent road links via the A1 as well as regular rail connections on the main East Coast Rail-
The accommodation hosts a comfortable living space with lounge, dining room/living room, The
lineaccommodation
at nearby Berwickhosts a comfortable
Upon Tweed. Theliving
initialspace withpotential
site has lounge, dining room/living approx.
to accommodate room,
kitchen,
The two double hosts
accommodation bedrooms and a bathroom.
a comfortable Externally,
living space beautifully
with lounge, cultivated gardens
dining room/living room, kitchen, two double bedrooms and a bathroom. Externally, beautifully cultivated gardens
12 residential units, a rare opportunity for a developer within this sought after coastal area.
enjoy an open panorama of valley views.
kitchen, two double bedrooms and a bathroom. Externally, beautifully cultivated gardens enjoy
Givenanthe
open panorama
proximity of valley views.
of Edinburgh and the ease of travel south the finished units are bound
enjoy an open panorama of valley views. to appeal to those seeking a lifestyle change and a quiet coastal village position whilst still
VIEWING INFORMATION VIEWING
retaining INFORMATION
the option of being well connected to the city.
VIEWING INFORMATION
Contact Hastings Legal & Property Tel: 01750 724160 VIEWING INFORMATION
Contact Hastings Legal & Property Tel: 01750 724160
Contact Hastings Legal & Property Tel: 01750 724160 Contact Hastings Legal & Property Tel: 01573 225999
54 ESPC.COM ESPC.COM 55AREA FOCUS
EH13 – COLINTON, OXGANGS AND
BONALY
Out to the south-west of the city, EH13
covers the village of Colinton as well as the
nearby areas of Oxgangs and Bonaly.
Proximity to the Water of Leith and the
Pentlands make it perfect for tenants who
enjoy spending time outdoors, while easy
access to the City Bypass and bus links make
getting around the rest of the city a breeze.
From October to December 2020, the
average rental yield for two bedroom
properties in the EH13 area was 5.6%.
EH1 – THE OLD TOWN
Right in the centre of Edinburgh, the Old
THE BEST AREAS FOR BUY-TO-LET Town boasts a great range of amenities,
making it ideal for a wide range of tenants.
PROPERTIES In the last quarter of 2020, one and two
Based on the latest rental data from Citylets and house price information from ESPC, bedroom properties in EH1 achieved rental
we’ve identified the best areas for buy-to-let properties in Edinburgh based on rental yields, yields of 5.5% and 4.4%, respectively.
to help you maximise income on a buy-to-let investment.
EH12 – HAYMARKET, MURRAYFIELD,
EH17 – GILMERTON, MOREDUN AND Between October and December 2020, CORSTORPHINE AND THE GYLE
MORTONHALL the average rental yield for one bedroom Stretching from Haymarket out to the Gyle,
Easy access to the City Bypass makes living properties in EH16 was 5.5% while it was 5.2% the EH12 area is popular with tenants due
in the EH17 area of the city an attractive for two bedroom properties and 5.4% for to great tram and bus links which run from
prospect for those who need to commute to three bedroom properties. the centre of town to the airport, making it
other parts of the city or further afield on a ideal for those who need to commute further
regular basis. EH8 – NEWINGTON AND CANONGATE afield for work.
An ideal location for University of Edinburgh
Two bedroom properties in EH17 achieved students, Newington and the nearby areas One bedroom and two bedroom properties
an average gross rental yield of 6.1% in the also boast an array of independent shops and in this area achieved average rental yields of
fourth quarter of 2020. eateries making the EH8 district perfect for all 5.5% and 5.2% respectively, in the last three
types of tenants. It’s also close to the green months of 2020.
EH16 – LIBERTON AND THE spaces of Holyrood Park and the Meadows,
SURROUNDING AREAS perfect for weekend walks. ESPC Lettings is a letting agent based in
Covering the village of Liberton, and the Edinburgh. If you’re interested in entering the
nearby areas of Craigmillar, Peffermill and In the last three months of 2020, three buy-to-let market, the team can offer expert
Niddrie, EH16 is a good place to purchase a bedroom properties in this area achieved advice on your buy-to-let properties and
buy-to-let in Edinburgh. There have also been an average gross rental yield of 6.1%. Two portfolio and also provide a fully managed
many new build developments in this district bedroom properties achieved 5.2% while one letting service for landlords. Get in touch The average gross rental yields in this article are based on
which have proved popular with tenants, but bedroom homes achieved 4.8%. with the team on landlord@espc.com or rental data from Citylets and house price information from
house prices remain competitive. 0131 253 2847 to find out more. ESPC from October to December 2020.
56 ESPC.COM ESPC.COM 57You can also read
