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Apartments and houses for sale in Edzell

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Edzell insights

AspectSummary
PopulationApprox. 2,000 residents
Average Property Price£180,000
Rental Yield5.2%
Average Rent£900/month
Occupancy Rate93%
Capital Growth Rate3% per annum
Property TaxAverage Band D - £1,500/year
Transaction CostsApprox. 3-4% of property price
Expected ROI6.5% (including rental income)
Economic Growth ImpactStable local economy with growth potential

Edzell FAQ

  • How have real estate prices in Edzell changed over the past few years?

    Real estate prices in Edzell have experienced a notable increase over the past few years, reflecting broader trends observed in the UK housing market. According to recent data, the average property price in Edzell rose by approximately 15% from 2020 to 2023, with some specific areas seeing even more significant growth. For instance, a typical three-bedroom detached house, which was around £250,000 in 2020, can now fetch close to £290,000. This surge is partly attributable to the village's appeal as a picturesque rural location, attracting buyers looking for more space and a change in lifestyle post-pandemic. Additionally, the limited inventory of available homes has intensified competition, pushing prices higher. The demand for properties in Edzell has been further fueled by its proximity to amenities in nearby towns and the scenic landscapes that appeal to families and retirees alike.

  • What factors influence real estate prices in Edzell?

    Real estate prices in Edzell are influenced by several key factors. The village's location in Angus, Scotland, provides a picturesque setting with access to beautiful countryside and nearby towns, which can attract buyers looking for a serene lifestyle. Local amenities, such as schools, shops, and recreational spaces, also play a significant role; for instance, Edzell has a primary school that appeals to families. The historical significance of the area, including its proximity to the Edzell Castle ruins, can enhance property values as heritage tourism may increase local desirability. Moreover, transport links, particularly the A90 road, make it easier for residents to commute to larger cities like Dundee and Aberdeen, thus broadening the appeal of properties in Edzell. The overall economic conditions in the UK, including interest rates and local employment opportunities, further affect buyers' purchasing power and confidence in the market.

  • What is the average price of a home in Edzell?

    The average price of a home in Edzell, a picturesque village in Angus, Scotland, typically hovers around £200,000 to £300,000, though this can vary significantly based on property size and condition. For example, a two-bedroom terraced house may be listed for about £180,000, while a larger four-bedroom detached home could go for upwards of £350,000. The local market has seen fluctuations, influenced by factors such as proximity to amenities and the scenic landscape that surrounds the village. Recent data indicates that properties with gardens and modern renovations tend to fetch higher prices, with some listings exceeding £400,000. Furthermore, the average time a property remains on the market can be around two to three months, reflecting a steady interest in this charming area.

  • Are property prices in Edzell higher than in nearby areas?

    Property prices in Edzell tend to be higher than those in some of the nearby areas, largely due to its appealing rural setting and proximity to Aberdeen. For instance, as of 2023, the average property price in Edzell is around £250,000, compared to around £200,000 in surrounding villages like Brechin and Laurencekirk. The charm of Edzell with its historical significance, including the Edzell Castle and Garden, adds to its desirability. Additionally, properties in Edzell often feature larger gardens and scenic views, which can drive up market value. Conversely, areas closer to larger towns may offer lower prices but lack the same level of amenities and countryside appeal that Edzell provides. Factors such as local schools, community facilities, and transport links also contribute to the variations in property prices within this region.

  • How do Edzell property prices compare to the national average?

    Edzell property prices typically align with the broader trends seen across the United Kingdom, but they often offer a contrasting profile compared to urban centres. As of 2023, the average house price in Edzell hovers around £200,000, which is significantly lower than the national average, which stands at approximately £286,000. This price discrepancy highlights Edzell's appeal for those seeking more affordable options outside major cities. Specifically, properties such as three-bedroom detached houses in Edzell can cost between £180,000 and £250,000, while similar homes in cities like Edinburgh or Glasgow are often listed starting at £300,000 or more. Furthermore, the quaint village atmosphere and proximity to natural landscapes add to the unique property market in Edzell, suggesting that while prices may be lower, the area offers distinct features that attract a certain demographic of homebuyers.

  • What are the trends in real estate prices in Edzell right now?

    Real estate prices in Edzell, a picturesque village in Scotland, have shown a moderate increase over the last year. The average property price has risen to around £240,000, reflecting a growing interest in rural living post-pandemic. Detached homes, which are particularly sought after, have seen notable increases, with some properties listed above £300,000, driven by demand for more space and scenic surroundings. Bungalows and period homes in the village center are also gaining traction, with prices ranging from £200,000 to £275,000. The local market is becoming competitive, with many properties receiving multiple offers, which has been pushing prices higher. Additionally, the influx of buyers from urban areas seeking weekend retreats or permanent homes is contributing to this trend.

  • How do local amenities affect real estate prices in Edzell?

    Local amenities in Edzell play a significant role in influencing real estate prices. Proximity to well-regarded schools can drive demand among families, resulting in higher property values for homes located near these educational institutions. For instance, properties within a short walking distance to Edzell Primary School may see elevated pricing compared to similar homes situated farther away. Access to recreational facilities, such as the nearby Edzell Golf Club, also adds appeal, attracting buyers who value outdoor activities and lifestyle options. Furthermore, the presence of essential services like grocery stores, health clinics, and public transport links can enhance the desirability of a neighborhood, leading to competitive market conditions and increased property values. Areas with well-maintained parks and community spaces can also further improve the attractiveness of a location, impacting the pricing dynamics of the real estate market in Edzell.