The West End Micro Market is Ticking All the Boxes!
While the average house price of a property in Glasgow in July 2019 was £175,663, the vibrant and ever-popular West End of Glasgow is something of a property micro market with prices generally 33% higher than the Glasgow average. For example, the average price in Hyndland is £314,862, Dowanhill is £300,636 and Kelvingrove stands at £276,612.
The area continues to tick all the boxes when it comes to the fundamentals on most buyers’ wishlists – great schooling, a university campus, fabulous bars, restaurants and independent boutiques, an exciting atmosphere, local parks and attractions and excellent transport links.
Property for sale in the West End ranges from tenement flats to new build apartments to traditional period villas and semi detached family homes, ensuring that the demand consistently exceeds supply, with prime property prices often hitting or even exceeding the million pound mark.
By choosing a local, specialist estate agent that has intimate knowledge of the nuances within Glasgow’s West End and who understands the fluctuations in supply and demand, you can rest easy knowing your property is with the West End experts.
Recently here at Vanilla Square we secured sales on average 19% above home report value and secured a incredible 40% above home report for a property in Downhill. Sale times are within just two to four weeks in the West End and most often we see competitive closing dates due to the ongoing shortage of properties in the area.
Brexit seems to be making no impact on the Glasgow market as yet – there are currently buyers at all levels and we are seeng some remarkable sales achieved. Finnieston continues to be hugely popular which has generated a ripple effect into neighbouring Yorkhill where we recently secured a number of one bed sales close to £200,000, which was unheard of a few years ago. We also sold a two bed flat in Woodands selling shy of £300,000 and 2 bed flat in Ruthann Street, Downhill at £320,000.
Find out more about the West End property market in the latest edition of the Glasgow Property Times and contact Steven Lucas at Vanilla Square for a property appraisal and to discuss the West End property market.
Vanilla Square – highly personal sales! At Vanilla Square you will always be liaising with one of our business partners, which makes our service that much more responsible and approachable. When you instruct us, your property will reach a wider audience as we are one of the few agents who are present on all the major property portals to offer sellers and landlords maximum exposure. If you’re looking to buy or sell your property, or you’re simply considering the idea, contact us by calling 0141 229 0210 or pop into our new office at 711 Great Western Road. One of our partners will be delighted to help and provide you with impartial, expert advice.