Golden opportunity for affordable apartments in Edinburgh

by Kelly Horn

Friday, March 6th, 2020

HOMEBUYERS are being given an affordable option to purchase a two or three-bedroom traditionally-built, waterside apartment in the sought-after Edinburgh suburb of Currie.

The Firs at RiverMill is a collection of 12 stylish new-build properties being offered through the Golden Share housing initiative, meaning the price buyers pay on the day is capped at 80% of the market value, with buyers owning the full property.

 

Located at the foot of the Pentland Hills on the banks of the Water of Leith, buyers can enjoy an unrivalled balance of tranquillity in a suburban setting – all within easy reach of Edinburgh’s city centre.

 

Rob McGregor from Gilson Gray Property Services said: “Our RiverMill Golden Share apartments make a great purchase for buyers who otherwise might not be able to afford similarly-sized homes in Currie.

 

“The only condition is purchasers need to show they’re eligible to buy the property, through a local connection, the need for the property in question and the inability to afford the full market value of the property.

 

“This type of properties is often overlooked or misunderstood, but the sales process is similar to standard house sales – and buyers own 100% of the property.

 

“The location will be a huge draw for many, being six miles from the city centre of Edinburgh but so closely located to the Pentland Hills and surrounding countryside.

“So, this is a fantastic opportunity for anyone looking to buy in Currie. Four properties are already reserved or sold and we’re confident the remaining eight will be highly sought after.”

A Property PR image of Gilson Gray's RiverMill development building from front view

The Firs is part of a wider RiverMill development being built at Lanark Road West by Dunhaven Homes, part of the highly respected Dunbar Group.

 

The Firs offers light and airy interiors with excellent specifications throughout, featuring fully-fitted high quality kitchens with integrated Bosch appliances by award-winning Kitchens International. The properties will also enjoy shared access to lush, landscaped gardens and off-street parking.

 

Under the Golden Share scheme, the City of Edinburgh Council will assess eligibility. Another key feature of the scheme is that it cannot be let or sub-let without prior approval – so eliminating any concerns of the property being rented to tenants or posted on Airbnb.

 

The sales process is similar to a standard house sale, with the property price also capped at 80% of open market value for all future re-sales.

 

Currie and neighbouring town Balerno offer buyers a village-like charm with all of the necessary amenities nearby, including a monthly farmers’ market and local community centre.

 

The two- and three-bedroom apartments are currently for sale starting at £211,200.

 

For more information on Gilson Gray’s property services, please call 0131 516 5366 or visit: https://gilsongray.co.uk/

elly Horn of Edinburgh PR agency, Holyrood PR

Kelly Horn

Senior Account Executive, Kelly Horn, is a part of the award-winning PR agency, Holyrood PR - based in Edinburgh, Scotland.

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