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2 bed flat for sale

£225,000 Offers over

234/5 Canongate, Old Town, Edinburgh EH8

2 1 1
Interested in this property? Call 0131 268 8947 * or

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

Property features

  • On street/residents parking

Property description

Closing date Wednesday 25th January at 12 noon.
This second floor flat is centrally located on Edinburgh's famous Royal Mile and is surrounded by numerous historic buildings. The central location will make the flat of particular interest to the buy-to-let investor or those wanting a quiet pied-a-terre. The flat would now benefit from a degree of modernisation and decorative upgrading.

Property info

Market activity
Average price paid £197,004 Sales 416 Current average value £201,336 (Zoopla Zed-Index) Value change £5,356 ▲ 2.73%

Property value data/graphs for EH8

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £365,933 £286 3.2 £317,953
Semi-detached £274,420 £228 3.1 £284,740
Terraced £261,540 £270 2.8 £271,035
Flats £178,823 £280 2.0 £175,029

Current asking prices in EH8

Average: £213,060
Avg. current asking prices in EH8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £73,000
(1)
£199,500
(2)
£283,999
(5)
£349,995
(1)
-
Flats £124,325
(6)
£186,300
(10)
£219,167
(6)
£350,000
(1)
-
All £116,993
(7)
£188,500
(12)
£248,636
(11)
£349,998
(2)
-

Current asking rents in EH8

Average: £1,350 pcm
Avg. current asking prices in EH8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £750 pcm
(1)
- - -
Flats £750 pcm
(25)
£958 pcm
(27)
£1,733 pcm
(17)
£2,230 pcm
(10)
£2,902 pcm
(7)
All £750 pcm
(25)
£951 pcm
(28)
£1,733 pcm
(17)
£2,230 pcm
(10)
£2,902 pcm
(7)

Fun facts for EH8

Highest value in EH8
Highest value streets Zed-Index
Meadowfield Avenue £403,759
Meadowfield Terrace £400,906
Ulster Crescent £375,136
Abercorn Crescent £371,942
Paisley Crescent £369,472
Highest turnover in EH8
Highest turnover streets Turnover
Spittalfield Crescent 35.7%
Paisley Gardens 35.3%
Northfield Square 34.1%
Furcheons Park 33.3%
Meadowfield Drive 32.5%

What Zoopla users think of Edinburgh

Overall rating:

  • currently 4 stars
Very good - 84% (681 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Edinburgh (0.2 miles)
  • Haymarket (1.4 miles)
  • Slateford (2.9 miles)
  • Edinburgh Airport (7.0 miles)
  • Glasgow Airport (48.8 miles)
  • Glasgow Prestwick Airport (62.6 miles)
  • Leith Newhaven Harbour Ferry Landing (2.2 miles)
  • Inchcolm Island Ferry Landing (7.2 miles)
  • South Queensferry Ferry Landing (8.4 miles)

Nearby schools

View all schools in Edinburgh
  • Royal Mile Primary School (0.2 miles)
  • Abbeyhill Primary School (0.6 miles)
  • George Heriot's Junior School (0.6 miles)
  • Wallace College (0.4 miles)
  • Drummond Comm High School (0.8 miles)
  • St Thomas of Aquin's High School (0.8 miles)
  • George Heriot's School (0.6 miles)
  • Mannafields Christian School (0.8 miles)
  • The Edinburgh Academy (1.1 miles)
Note: Distances are straight line measurements

Local info for Edinburgh

About the neighbours in EH8

AskMe Q&A for Edinburgh

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For more information about this property, please contact
Aitken Nairn, EH3 on 0131 268 8947 * (local rate)

Monthly running costs Beta

£985 Monthly total
Mortgage
Purchase price
Deposit (10%) 22,500
Repayment term 25
Interest rate 0.5
Your payment £718 /mo Find available rates In partnership 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 £80,000 Average insurance cost £19/mo (£233/yr) 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 £33 Electricity £45 Estimated energy cost £78/mo 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: 11600 kWh/year
Electricity: 3800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Edinburgh

Estimated tax band D Council tax cost £117 /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.

Water Supply £22 Sewerage £31 Estimated water cost £53 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Aitken Nairn 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 Aitken Nairn, and do not constitute property particulars. Please contact Aitken Nairn 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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