Abbeyhill
About Abbeyhill
Abbeyhill, a historic and charming area in Edinburgh, Scotland, is one of the oldest parts of the city. This enchanting neighborhood derives its name from the nearby Holyrood Abbey, a significant historic religious site. Here, you can immerse yourself in a rich tapestry of history, culture, and natural beauty.
Geography and Layout
Abbeyhill is strategically located, bordered by Holyrood Park to the south, London Road and its adjoining streets to the north, Calton Hill and the yards of Waverley Station to the west, and Meadowbank to the east. The area is characterized by classic Edinburgh tenements, including those on Waverley Park and Milton Street, which were built in the mid-1890s on the grounds of the former Comely Gardens pleasure garden. The quaint "colony houses" on the north side of London Road add to the area's distinctive charm.
Key Attractions
Abbeyhill is a treasure trove of attractions. It is just a short walk from the Palace of Holyroodhouse, the Queen's residence in Scotland, and the ruins of Holyrood Abbey. The iconic Scottish Parliament building, which offers free guided tours, is also nearby. Nature enthusiasts can enjoy walks around Holyrood Park, climb Arthur's Seat for panoramic views of the city, or explore the scenic Salisbury Crags.
Culture and Community
The area is home to several historic sites, including old churches and the Category-B listed Abbeymount Techbase building, which now serves as artists' studios. Abbeyhill Primary School is a local educational institution, and the community is vibrant with independent shops, bars, and cafés. The annual Colony of Artists festival is a highlight, allowing visitors to explore the local art scene and exhibitions within the Abbeyhill colonies.
Food and Drink
Easter Road in Abbeyhill is a culinary gem, offering a variety of dining options. From vegan delights at Plant Bae to expertly crafted coffees at Little Fitzroy and fresh Italian focaccia sandwiches at Polentoni, there is something for every palate. The unique Herringbone, housed in a former public toilet, serves seasonal ingredients and a wide selection of wines, while The Gardener’s Cottage offers more seasonal plates just a short stroll away.
Transport and Accessibility
Abbeyhill is conveniently linked to the city centre via Regent Road and Calton Road, providing easy access to Edinburgh Waverley railway station. Many Lothian Buses routes serve the area, making it simple to explore both the city and East Lothian. Despite the closure of Abbeyhill station in 1964, the area remains well-connected and accessible.
Commercial Property Agents
Fitzrovia Commercial Property
Fitzrovia, a vibrant and historic area in central London, is a hub for businesses and investors looking for prime commercial properties. Located between Bloomsbury and Marylebone, Fitzrovia offers a unique blend of creative and corporate environments, making it an attractive location for a variety of industries.
Why Choose Fitzrovia?
- Central Location: Fitzrovia's proximity to major transport links, including Oxford Circus and Goodge Street tube stations, makes it easily accessible for both employees and clients.
- Diverse Community: The area is home to a mix of media, tech, and creative companies, fostering a dynamic and innovative business community.
- Amenities: Fitzrovia boasts a range of restaurants, cafes, and bars, providing ample options for entertainment and networking.
Types of Commercial Properties
- Office Spaces: From modern high-rise buildings to converted Victorian properties, Fitzrovia offers a diverse range of office spaces tailored to different business needs.
- Retail Units: The area is dotted with boutique shops, cafes, and restaurants, making it an ideal location for retail businesses.
- Industrial and Warehouse Spaces: For businesses requiring larger, more functional spaces, Fitzrovia also offers industrial and warehouse units.
Professional Services
Our team of experienced commercial property agents in Fitzrovia can assist with all aspects of property transactions, including valuations, legal disputes, and property management. We are committed to providing personalized and expert advice to help you achieve your property goals in this thriving London suburb.
Local Knowledge
With extensive knowledge of the local market, we can guide you through the process of finding, buying, or letting commercial properties in Fitzrovia. Our expertise ensures that you make informed decisions and maximize your investment in this vibrant area.
Residential Property Agents
London Property Market Outlook for 2025
As we step into 2025, the London property market is poised for a significant resurgence, driven by several key factors. According to recent forecasts, house prices across London and the rest of Great Britain are expected to rise, marking a notable shift from the slower growth seen in the post-Brexit and COVID-19 years.
Price Growth and Market Activity
Rightmove predicts that the national average asking prices will increase by around 4% in 2025, which is in line with long-term average price growth. In London, this growth is anticipated to be at least in line with, if not marginally ahead of, national price rises. This resurgence is partly due to the fundamental appeal of London for both workers and international buyers, as major companies begin to return to office-based work.
Impact of Stamp Duty Changes
The upcoming changes to stamp duty, set to take effect from April 1st, 2025, are expected to create a surge in transactions during the first three months of the year. Buyers, including first-time buyers and home-movers, will aim to complete their purchases before the higher stamp duty charges come into effect. This volatility may lead to some negotiation tactics, especially for properties around the £300,000 mark, as buyers and sellers seek to mitigate the increased costs.
Mortgage Rates and Buyer Affordability
Mortgage rates are forecasted to reduce in 2025, which will improve buyer affordability. However, many home-movers will be dealing with the end of their fixed-rate deals, potentially facing higher mortgage costs. For instance, those who fixed their rates at around 2.55% in 2020 may now face remortgage rates of approximately 4.89% for another five-year deal. Despite these challenges, the overall trend suggests an active year for the market, particularly for first-time buyers who are already showing increased activity.
Regional Variations and First-Time Buyers
While London's market is expected to see a resurgence, regional variations will still be significant. For example, only 8% of homes in London will be stamp duty-free from April 2025, compared to higher percentages in other regions. First-time buyers will continue to face challenges, including higher stamp duty fees and record-high rents, but they remain a crucial segment of the market, with their activity levels 13% ahead of the same period last year.
Property For Sale
Abbeyhill: A Charming Neighbourhood for Property Seekers
Located in the heart of Edinburgh East, Abbeyhill is a highly sought-after neighbourhood that offers a unique blend of historic charm and modern amenities. For those looking to purchase a property in this vibrant area, there are several compelling reasons to consider Abbeyhill.
Property Variety and Pricing
Abbeyhill boasts a diverse range of properties, catering to various tastes and budgets. You can find beautifully presented ground floor flats, such as the one at 6/1 Tytler Court, which features three bedrooms and private gardens, available for offers over £180,000.
For those seeking a more traditional setting, there are charming flats within historic tenement buildings. For example, the third floor flat at 40/16 Marionville Road is a delightful option, priced at offers over £165,000.
Amenities and Location
One of the key attractions of Abbeyhill is its proximity to excellent amenities. The area is close to the Scottish Parliament, Holyrood Park, and the bustling city centre, making it an ideal location for both professionals and families. Properties like the ground floor flat at 4 Waverley Park are conveniently situated for accessing these amenities, although they may require some refurbishment.
Scenic Views and Modern Developments
Abbeyhill also offers properties with stunning views, such as the second floor flat at 13/4 Royal Park Terrace, which enjoys uninterrupted views to Arthur's Seat. While this property requires modernisation, it presents a great opportunity for those looking to put their own stamp on a traditional home.
For those preferring modern luxury, there are options like the elevated ground floor flat at 7 Albion Gardens, which features a large sunny-facing enclosed balcony and is part of a modern luxury development.
Community and Lifestyle
The community in Abbeyhill is vibrant and welcoming, with a mix of long-term residents and new families. The area's quiet streets and proximity to green spaces like Holyrood Park make it an excellent choice for those seeking a balanced lifestyle.
With its rich history, diverse property options, and excellent location, Abbeyhill is an attractive destination for anyone looking to buy a property in Edinburgh. Whether you're a first-time buyer or a seasoned homeowner, this neighbourhood has something to offer everyone.
Property For Rent
Abbeyhill: A Historic and Vibrant Neighbourhood in Edinburgh
Located in the heart of Edinburgh, Scotland, Abbeyhill is a charming and historic neighbourhood that offers a unique blend of old-world charm and modern amenities. This area is named after the iconic Holyrood Abbey, a significant historical site that has shaped the identity of the region.
Geography and Layout
Abbeyhill is situated on a ridge that runs east from Calton Hill to Meadowbank, just a half-mile east of Princes Street. The main thoroughfare, London Road, laid out in the 1820s as part of the Calton development of the New Town, serves as the area's central artery. The neighbourhood is bounded by Holyrood Park to the south, Calton Hill and the yards of Waverley Station to the west, and Meadowbank to the east.
Housing and Architecture
The area is characterized by its mix of architectural styles, including tenement housing built in the mid-1890s on the grounds of Comely Gardens, a former pleasure garden. The "colonies" – flatted cottages in seven parallel streets built by the Edinburgh Co-operative Building Company around 1870 – are a notable feature, providing low-cost housing for working people. Modern residential developments have also been integrated into the area, offering a blend of old and new living spaces.
Community and Culture
Abbeyhill is rich in cultural and historical significance. It is home to several old churches and historic sites, including the Palace of Holyroodhouse and the Scottish Parliament building. The area has seen a surge in independent shops, bars, and cafés, enhancing its community spirit. The Abbeyhill Colony of Artists and the Abbeymount Techbase, which provides studios for artists and high-technology businesses, are examples of the area's vibrant cultural scene.
Transport and Connectivity
Residents of Abbeyhill enjoy convenient access to the city centre via Regent Road and Calton Road, making it easy to reach Edinburgh Waverley railway station. The area is well-served by Lothian Buses, providing easy access to both the city and East Lothian. Although the local railway station closed in 1964, the main railway line and the A1 road pass through the area, ensuring good connectivity.
Educational Establishments
Abbeyhill Primary School, located on Abbey Street, is a key educational establishment in the area. The historic Abbeymount Techbase building, initially built as a primary school in 1874, now serves as artists' studios, adding to the area's educational and cultural fabric.
With its unique blend of history, culture, and modern amenities, Abbeyhill is an attractive and vibrant neighbourhood that offers something for everyone. Whether you are looking for historic sites, community spirit, or convenient living, Abbeyhill is a compelling choice for those considering property in this charming part of Edinburgh.