Finding Your First Home: Ideal Areas In or Near Edinburgh for First-Time Buyers
Embarking on the journey of purchasing your first home is a significant milestone, filled with excitement and anticipation. Amidst the many choices, finding the perfect location in or near Edinburgh that aligns with your aspirations and budget can be daunting. Fear not! Our guide will help you navigate through some of the most promising areas tailored for first-time buyers.
From the historic charm of Dunfermline to the maritime allure of Leith, each location offers a unique blend of amenities, affordability, and community spirit.
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Dunfermline - Affordable Living with Commuter Convenience
Dunfermline, Fife's newest city, offers an enticing blend of affordability and proximity to Edinburgh, making it a prime choice for first-time buyers. With excellent transport links and a charming historic centre, Dunfermline provides a welcoming community atmosphere alongside easy access to the capital.
Over the past three months (February – April 2024), the average two-bedroom property price in Dunfermline was £132,118. This is below the Land and Buildings Transaction Tax (LBTT) threshold so as a first-time buyer you won’t need to pay LBTT (properties purchased for under £175,000 are currently exempt for first-time buyers). Two-bedroom properties in Dunfermline went under offer in a median time of 27 days.
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Musselburgh - Coastal Comfort Close to the Capital
Just a stone's throw from Edinburgh, Musselburgh offers a coastal retreat for first-time buyers seeking a blend of urban convenience and seaside tranquillity. With its bustling high street, an array of restaurants and pubs, and picturesque harbour and beach, Musselburgh provides a charming coastal community lifestyle within easy reach of the city centre.
During February to April 2024, one-bedroom homes in Musselburgh cost an average of £153,350 and went under offer in a median time of 17 days. Once again, this is below the LBTT threshold, which is ideal for first-time buyers in Scotland.
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Gorgie - Vibrant Living in the Heart of the West
Situated to the west of Edinburgh, Gorgie has a lively feel with excellent bus connections, and proximity to key city attractions. Home to Heart of Midlothian FC and near Murrayfield Stadium, Gorgie boasts a lively atmosphere, and convenient access to amenities.
From February to April 2024, the average one-bedroom property price in Gorgie was £146,818. This is below the LBTT threshold, which is great news for first-time buyers in Scotland. One-bedroom properties in Gorgie went under offer in a median time of 28 days.
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Corstorphine - Peaceful Suburban Living Near Edinburgh
Renowned for its family-friendly appeal, Corstorphine presents a compelling option for first-time buyers seeking a bit of peacefulness without sacrificing urban convenience. Located minutes from Edinburgh's centre, Corstorphine boasts excellent transport links, a thriving local high street, and a peaceful residential ambience ideal for new homeowners.
Over the past three months (February – April 2024), two-bedroom properties for sale in Corstorphine sold for an average of £246,391.
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Leith - Maritime Charm and Urban Cool
With its maritime heritage and vibrant cultural scene, Leith is a sought-after area for first-time buyers seeking an eclectic urban lifestyle near Edinburgh. Boasting trendy bars, artisan eateries, and stunning waterfront views, Leith offers a unique blend of historic charm and modern appeal, making it an ideal choice for those looking to immerse themselves in Edinburgh's dynamic atmosphere.
From February – April 2024, one-bedroom properties sold for an average of £178,294. These properties went under offer in a median time of 16 days.
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From Dunfermline's commuter convenience to Musselburgh's coastal allure, these areas near Edinburgh provide first-time buyers with diverse affordable housing options. With ESPC's expert guidance and extensive local knowledge, finding your dream home in Edinburgh and its surrounding areas is easier than ever.
Start your property journey now!
Start your first-time buying journey now. Whether you’re ready to go or would just like to find out more, find an ESPC solicitor estate agent and get in touch with ESPC Mortgages to get started!
