Double garage in a ‘well positioned’ and ‘well sought after’ part of Edinburgh is put up for sale at offers over £185,000 (just above the average price for a house in Scotland)

  • The double garage in the Scottish capital has gone on the market with sellers asking for offers over £185,000
  • Savills estate agents suggest that this garage could be transformed into one with more storage space 
  • Latest data shows the average Edinburgh house price is £293,406 – higher than the Scottish average of £183k 

 

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A double garage in Edinburgh has been put up for sale at offers over £185,000 –  higher than the average price of a house in Scotland.

According to the description, the’secure and spacious site’ is situated between the east end and the centre of the city.

Savills is marketing the garage. They claim it has 337sq.ft of total storage. A brochure about Lynedoch Lane claims that the unit could be easily converted into one unit for even greater storage.

Figures last year revealed the average house price in Edinburgh sits at £293,406 while the average price for Scotland was said to be £183,000.

A local resident said, “It is a nice area, but it seems that there are a lot more money to build a double-garage.”

Pictured: A double garage in a 'well sought after' part of Edinburgh (left) has been put up for sale at offers over £185,000

Pictured: A double garage in a ‘well sought after’ part of Edinburgh (left) has been put up for sale at offers over £185,000

Estate agents Savills have said the garage could be converted into a single unit to create extra storage space for a new owner

Savills estate agents suggested that the garage could become a separate unit, providing extra storage for new owners.

It is in a prime location on the West End of the City, and it’s sure to be snapped.

Property prices can be high. This is evident in the garage price.

According to the official brochure, “The Garage presents an opportunity for one-time conversion into a larger unit.”

Savills agent Ben Fox stated that this is a safe and spacious garage, which would make a great storage space or for parking.

Edinburgh is known for its parking problems. Residents report seeing cars parked on the streets of Edinburgh in an effort to get their car parked.

The total space available at the double garage, located in Lynedoch Place Lane, in the west end of Edinburgh, is 337sq ft

There is 337sq.ft of space at the double garage located in Lynedoch Place Lane in Edinburgh’s west end.

Residents expect the property (pictured) to be snapped up because parking is at a premium in the Scottish capital city

Because parking in Edinburgh is expensive, residents expect this property to sell.

However, Edinburgh isn’t the only capital where garage-sized properties are selling for large sums.

A double space garage described as ‘moments from Oxford Street’ in London is currently on sale for £750,000. It measures 9 x 3 m and can be accessed 24 hours per day. 

Another garage further out of London was described as a ‘terraced property’ in an online listing with an asking price of £25,000 – the same as a two-bedroom home in Middlesbrough.

Rightmove is a property listing site that houses house-hunters may be disappointed to find that the home they were expecting in Kilburn (northwest London) was really a garage.

Garage listings in high-demand areas of London may cost four times as much, or more if the parking spot is underground.

Description of the Kilburn garage reads, “The property is convenient situated on Willesden Lane just moments from Willesden Green Station. All amenities are within easy reach.”

While £25,000 is fairly typical for a parking space or garage in London, in other parts of the country buyers could own their own home for that much money.

A parking space in a village in South Devon went on sale for £100k located in the upmarket riverside village of Shaldon

A parking space in a village in South Devon went on sale for £100k located in the upmarket riverside village of Shaldon

In January this year a two-bedroom semi-detached house in Middlesbrough, North Yorkshire, went on the market for £25,000 – one tenth the cost of the average property in the UK, and just under half for the average semi-detached property.

Elsewhere in the UK, a single space garage in an upmarket village in Devon went on sale for £100,000 in November last year.

One car space was available in an open garage located at Royal Standard Mews Penrhyn Pace.

Just one of five parking spaces just off Fore Street in the heart of the village, it boasts security lighting and a 999 year lease which started from 2016. It measures approximately 4.5m by 2.84m and has a height measuring 2.08m.

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