Edinburgh is known for being among the most expensive places for property in Scotland.
While prices may not quite reach the dizzying highs of London, to own a decent sized home in the capital you'll need to be willing to fork out a lot of money.
Some neighbourhoods are far cheaper than others, however, and a a budget that could give you a lot of options in one part of the city could leave you completely locked out of another.
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To learn more about where in Edinburgh money will go the furthest, we took a look at an average property available for £400,000 in each neighbourhood on Rightmove.
Here is a rundown of what kind of property £400,000 could get you in each part of Edinburgh.
New Town
Albany Street, £400,000
Type of property: Flat
Number of bedrooms: 2
Coming in at £400,000 exactly, this bright and airy property is located just a short walk from Princes Street and features a spacious living and kitchen area — though the decor could do with an update.
What the listing says: "This is a highly desirable two bedroom ground floor flat, located on iconic Albany Street in the heart of Edinburgh's New Town. Entered via a communal entrance, the property offers wonderful proportions, beautiful features and ideal entertaining space. The flat has been upgraded to a high standard and to the front is the open plan reception room/kitchen. It has a striking fireplace which creates a lovely focal point to the room, and ample space for dining and socialising. There are two large sash and case windows overlooking Albany Street that generate a wonderful feeling of natural light and space."
More information can be found here.
Leith
56 6 Timber Bush, £395,000
Type of property: Flat
Number of bedrooms: 3
Leith is famous for its high number of quality restaurants, bakeries, and delis, and with this 3-bedroom flat you'd also have the sea right on your doorstep.
What the listing says: "This three-bedroom flat is centrally placed in the popular area of Leith surrounded by wonderful cafes, eateries and Leith Farmers Market which takes place every Saturday. Despite being positioned nearby, the flat is very quiet and faces east/west allowing the sun to shine in. You can find beautiful walking routes along the Shore, the Water of Leith Walkway and Leith Links which offers a great park for families. With fantastic bus routes, you can access all areas of the city from your doorstep including St James Quarter, home to the best shops in the world. For those into fitness, you can find many state of the art gyms including Nuffield Health Gym at the Omni Centre."
More information can be found here.
Corstorphine
27 Corstorphine Hill Gardens, £400,000
Type of property: Semi-detached bungalow
Number of bedrooms: 2
Even though property prices are surging across the city, it's still surprising to see that £400,000 can only get you a 2-bedroom bungalow in Corstorphine. The property itself is perfectly fine, though again the interior could do with a bit of a refresh.
What the listing says: "This attractive semi-detached bungalow is situated within the highly desirable location of Corstorphine, close to an abundance of excellent amenities and highly regarded schooling. The property is within easy reach of the City Centre, Edinburgh Airport and close to the motorway networks providing quick and easy access to the North and South. In move-in condition, the well laid out accommodation comprises; welcoming entrance hallway, beautifully presented bow windowed south facing sitting room with feature fireplace, light and airy modern dining kitchen with patio doors to the rear garden, two charming double bedrooms, contemporary shower room and modern bathroom with shower."
More information can be found here.
Gorgie & Dalry
Breadalbane Terrace, £390,000
Type of property: Mews
Number of bedrooms: 3
While Haymarket isn't the most convenient place to live if you spend a lot of time in the city centre, this flat is gorgeous inside and out. Costing less than some of the other properties on this list, and featuring more bedrooms too, it's great value for money.
What the listing says: "Attractive three bedroom double upper colony flat in the desirable Haymarket district of Edinburgh. The property offers spacious and flexible accommodation split over two levels, with a bright living room and large dining kitchen giving the perfect space for entertaining guests. Upstairs there are two good sized double bedrooms and a luxury family bathroom. There is also a handy third bedroom/study and separate WC located on the ground floor."
More information can be found here.
Portobello
20 Nantwich Drive, £399,995
Type of property: Bungalow
Number of bedrooms: 4
Again, Portobello might be a bit too far out of the way for some, but 4-bedroom bungalow has a lot to offer. While the decor is in desperate need of some modernising, it's one of the largest properties here.
What the listing says: "The property is brought to the market in good condition and briefly, consists of an entrance hall with storage, an extensive rear facing lounge with electric fire and dining area featuring sliding doors to a large garden. The modern fully fitted kitchen has further space for dining and entertaining with a good range of appliances including a six gas burner hob, and two ovens, ideal for any aspiring chefs. There is additional access to the garden and a double bedroom with two windows and ample space for free standing furnishings. The two spacious double bedrooms located at the front of the property are bright with natural daylight and provide further space for free standing furniture, the fourth bedroom overlooks the side of the property and allows for flexible furnishing arrangements. A fully tiled, white suite, shower room completes the ground level. The floored attic with lighting is an excellent option for further development of the property, should you require. Gas central heating and double glazed windows should help ensure a warm and cost effective living environment."
More information can be found here.
Bruntsfield & Morningside
Morningside Road, £400,000
Type of property: Apartment
Number of bedrooms: 2
Morningside is a highly desirable location, and so you get what you pay for. Even though it only has two bedrooms, this flat is modern, bright, and airy.
What the listing says: "This beautifully presented two bedroom first floor flat is located in the highly sought after locale of Morningside. You will find a wide range of popular cafes, bars and restaurants in close proximity to the property. The property benefits from a complete refurbishment throughout and comprises entrance hall with a walk in cloak room, a large bay windowed lounge with traditional fireplace as a focal point and shelved book casing either side. There is a fully fitted modern white kitchen including a breakfast bar and concealed dining booth with bench seating, wall and floor storage cupboards and appliances. In addition, there is a walk in pantry cupboard with built in ample shelving. There are two spacious double bedrooms which are large enough for free standing furniture, plus a walk-in wardrobe which could be used for a study. The bright shower room includes his and hers showers and two vanity units. There is also an enclosed utility space within the shower room where you will find the washing machine and tumble drier."
More information can be found here.
South Queensferry
South Scotstoun, £369,000
Type of property: End of terrace
Number of bedrooms: 4
There were no properties for £400,000 in South Queensferry, so we had to go a bit cheaper to find one — and it's excellent value for money. If you're willing to move a bit out of the city, you could have an actual 2-storey house for a lot cheaper than most of the other properties here.
What the listing says: "With its four bedrooms, the charming Dunlop is a great choice for those looking to move to a larger house. Arrive home to a calm, clear hallway where you can stow away outdoor gear in the under stairs cupboard. The kitchen-diner at the rear of the home is bright and welcoming with French doors for easy access to the garden. Chill out in the spacious lounge for family movie nights on the sofa, or a quiet evening reading your favourite book. On the top floor, you will find bedroom one with its own en suite and dressing room, and three more bedrooms occupy the middle ground where the household can each have their own private space."
More information can be found here.
Tollcross
Simpson Loan, £280,000
Type of property: Apartment
Number of bedrooms: 1
The majority of properties in this area are over £400,000 so we had to go a lot cheaper to find a property to include in this list. Whether you're happy to drop £280,000 on a small 1-bedroom flat will depend on how keen you are to live in the Quartermile.
What the listing says: "Fabulous 1 bedroom property within the prestigious Quartermile development located in the heart of Edinburgh. This 2nd floor property comprises an open plan modern and sleek kitchen and bright living room, generously sized double bedroom with built-in wardrobe, large bathroom, and spacious hall. The property benefits from floor-to-ceiling windows, bright decor, modern appliances, double glazing, gas central heating, secure communal areas, a concierge service and well-kept green communal gardens."
More information can be found here.
Southside
13/4 Rankeillor Street, £395,000
Type of property: Flat
Number of bedrooms: 3
As far as Edinburgh goes, Newington is relatively affordable, which is why you'll be able to purchase this gorgeous 3-bedroom flat for under £400k. The living and dining space is a particular highlight.
What the listing says: "Forming part of a traditional Georgian tenement, this bright, double aspect second floor flat is located in the ever-desirable district of Newington, just South of the city centre. There are generous proportions throughout with particular regard to the impressive twin-windowed living/dining room with gas fireplace and working shutters. All three bedrooms are of a good size, offer substantial storage options and benefit from large original sash and cash windows, flooding the rooms with natural light. The fitted kitchen has plenty of work-top space along with a range of wall and base mounted units."
More information can be found here.
West End
1B Glencairn Crescent, £395,000
Type of property: Apartment
Number of bedrooms: 1
Once again, if you want to live somewhere nice like the West End you need to be prepared to make compromises. In this case, it's having only one bedroom — though the flat itself is very attractive.
What the listing says: "1B Glencairn Crescent is a beautifully presented, spacious one bedroom flat situated in Edinburgh’s sought-after West End. The flat is excellently positioned due to its corner position, allowing plenty of natural light to flood in all year round. The living room is of a substantial size and has two large sash and case windows with working shutters and a wonderful gas stove fireplace with a marble surround. The kitchen is modern and well-equipped with a washing machine, dishwasher, fridge/freezer and gas oven/hobs. There is additional storage in two large cupboards in the hallway. The three piece bathroom suite features a bath with an overhead power shower has been tiled and benefits from under-floor heating."
More information can be found here.
Old Town
Apt 39, Waverley Square, £395,000
Type of property: Apartment
Number of bedrooms: 1
A very similar story to the West End property. Edinburgh's Old Town is a great place to live, but you'll need to be prepared to spend a lot more. This 1-bedroom flat is very modern and clean, which will certainly appeal to some.
What the listing says: "Set in the heart of Edinburgh’s historic Old Town, a neighbourhood peppered with history and culture, Waverley Square is surrounded by a beguiling mix of contemporary architecture and the Old Town’s medieval characteristics – cobbled streets, steep closes, and hidden corners. This fabulous location is matched by the sophisticated and high-spec interiors on offer in the mix of stylish and contemporary 1, 2 and 3-bedroom apartments, penthouses and mews homes on offer. A team of specialist architects, interior designers and quality suppliers has created a striking and elegant finish with each apartment featuring luxury kitchens, sophisticated bathrooms and considerate touches throughout."
More information can be found here.
Stockbridge
Flat 4, 5 Bedford Court, £375,000
Property type: Triplex
Number of bedrooms: 4
Although Stockbridge has a reputation for being one of the most expensive neighbourhoods in the city, the closest property to £400,000 we found was actually this spacious 4-bedroom home. While it may not look like much on the outside, the interior is gorgeous — with a modern industrial vibe.
What the listing says: "Designed with an edgy, urban industrial feel to the main living area, this home is unique and exudes light and space. The main door opens to a flight of stairs that leads to this home laid out over three floors. Immediately upon entering, the sheer scope of the layout will WOW you! The kitchen and lounge are open-plan yet clearly defined spaces. With a dual aspect, natural daylight floods this comfortable public area. The kitchen is well stocked and includes an Island offering additional storage and workspace or breakfast bar."
More information can be found here.
