The housing market isn’t the best if you’re looking to buy – however if you’re looking to sell, it’s a whole different story.
According to Rightmove, properties in Glasgow had an overall average price of £203,443 over the last year with sold prices in the city up by five per cent on the previous year.
This means that the market is making it harder for not just first-time buyers, but most buyers who can’t afford the home that they really want with many having to settle for less than desired despite the six figure sum.
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In comparison to our sister city, Edinburgh Live has reported that the average house price in the capital had broken £300,000 for the first time with buyers paying an average £40,000 more compared with the previous year.
So with property prices soaring across the UK, we wanted to compare what you can get in each city for the same price.
Here’s what we found…
How much does a one bedroom property in Glasgow cost and what do you get for your money?
When looking into what we could buy in Edinburgh, we discovered the cheapest on the market was a retirement flat for offers over £85k. However, when searching for a flat that anyone could buy and not just the elderly, the lowest we could find was £105k.
So looking at a property for the same price in Glasgow, we came across a few that were available to purchase.
The first property we came across is located on St. Andrews Road, Pollokshields and features a lounge/dining room, a kitchen, a bathroom and of course, one bedroom.
The second floor flat is located in the highly sought after area in Glasgow’s southside and has been described as a “modern development.”
The home description reads that the accommodation comprises of a “secure communal entrance hallway, reception hallway with excellent storage, large front facing lounge/dining room. fully fitted kitchen with appliances, generous double bedroom with fitted storage and bathroom with modern three piece white suite and shower.”
In addition, they add that the “property benefits from double glazing, gas central heating, secure entry and private residents parking with a designated space to the rear of the building.”
The southside is known for their gorgeous yet expensive property prices, so it may be worth getting your foot in the door. After all, Scotland’s Home of the Year judge Kate Spiers’ Glasgow flat was up for sale in the area and it is making us very jealous.
If you’re wondering how long it is to reach the city centre, Goggle Maps have said its a 41 minute walk, 14 minutes in the car, 16 minutes if you take the Subway and just 23 minutes if you take the train.
The bus situation however is perhaps best avoided with Google telling us you’ll need to least 3 buses to reach George Square.
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How much is a one bedroom property in Edinburgh and what do you get for your money?
The next property of a similar price is this one bed home located on Oxgangs Path East, Oxgangs.
The home, said to be an “ideal starter flat offering spacious accommodation” comprising of a bedroom with fitted cupboard, a living room with a lovely electric fire and surround, fitted kitchen with range of units and a modern shower room.
On the outside, the property in Glasgow may look more modern than the one in the Capital.
However inside home buyers are able to walk in and imagine exactly how they would decorate each room given its blank canvas – ideal for those who struggle to imagine what they can do to a property whilst furniture that’s not their own is on display.
This property, according to Rightmove, is only said to have been added on May 9 making it fresh to the market.
So if you want to grab it before anyone else does, it could be worth phoning the estate agent up quickly.
When it’s comes to the location however, the best option to reach the Capital’s city centre would be a car which is said to only take 27 minutes or a bus taking 44 minutes as walking may not be ideal with Google Maps telling us it will take an estimated one hour and 28 minutes.
Overall it seems you could be getting more for your money here in Glasgow with it being the same price and closer to the city centre, meaning it could potentially save you money if travelling on the bus or train – and it would certainly help when it comes to cutting down on the cost of fuel.
But of course it depends on your wants and needs as well as whether the property has enough space for you.
What city would you choose to live? Let us know in the comments!