Page 11 - PMR_Sept25
P. 11

Midlothian                                           Key Points






             Average                Sales               Days to               Home                Closing
               selling            volumes              go under               Report                date
               price                                      offer             valuation




         The average selling price   Sales volumes rose by   Properties in Midlothian   Buyers paid 102.0%   22.2% of properties set
 Average selling prices climbed steadily   of property in Midlothian   21.5%, while new property   took just 20 days to go   of the Home Report   a closing date.
 across Midlothian  was £272,298, an annual   listings increased 10.6%   under offer.    valuation on average, up
            increase of 5.4%.      year on year.                          0.4 percentage points.
 The average property selling price in Midlothian rose
 by 5.4% annually between March and August 2025,
 bringing the new regional average to £272,298.

 Eskbank  remained  the  most  expensive  town,  with
 average  property  prices  reaching  £469,471  -  an   Homes selling faster as demand   More homes listed, and sales volumes
 impressive 30.6% increase year on year. At the other   sharpens  rose in tandem
 end of the scale, Gorebridge retained its position as
 the most affordable location, with properties selling for   The  median  selling  time  in  Midlothian  quickened  to   The Midlothian market enjoyed growth in both supply
 an average of £222,374, a 1.3% annual decline.  just 20 days between March and August 2025 - five   and activity, with property listings increasing by 21.5%
             days faster than the same period last year. At the same   year on year and sales volumes rising by 10.6%. This
 For buyers seeking the best value, two-bedroom flats   time, 22.2% of properties went to a closing date, up   dual uplift demonstrates greater confidence among
 in Penicuik were the most affordable option, averaging   from 20.7% previously, reflecting the strength of buyer   sellers while also meeting robust buyer demand.
 £167,858  and  appealing  strongly  to  first-time  buyers   competition across the region.
 and investors alike.                                            Penicuik  led  the  way  for  sales  volumes,  up  7%
             Gorebridge, a well-connected town that continues to   annually, reflecting its appeal as a vibrant town with
 Sellers achieved stronger premiums   attract families and first-time buyers, saw the highest   a wide choice of housing and strong commuter links.
 over Home Report valuation  demand. Here, 32% of homes sold via a closing date,   Bonnyrigg,  another  popular  family  location  posted
             with a rapid median selling time of just 14 days.   an impressive 16% rise in sales. Dalkeith, the historic
 Between  March  and  August  2025,  properties  in              county town and a hub for local services, saw sales
 Midlothian sold for an average of 102.0% of their Home   Meanwhile,  Penicuik,  the  largest  town  in  Midlothian   volumes climb 2.4%, consolidating its role as a steady
 Report valuation - up 0.4 percentage points compared   and a popular choice for commuters into Edinburgh,   performer in the market.
 to  the  same  period  last  year.  This  signals  renewed   delivered the fastest results at property type level. Two-
 competition  in  the  market,  with  demand  outpacing   bedroom houses sold in a median of just 10 days - six   Notably,  all  of  the  top  five  towns  in  Midlothian
 supply in several hotspots.  days quicker than last year - highlighting a particularly   reported  year-on-year  growth  in  sales,  a  clear  sign
             competitive segment of the market.                  that activity is broad-based rather than concentrated
 Eskbank was the clear standout, with properties selling         in one or two hotspots. This points to a healthy and
 for 105.7% of Home Report valuation, a 2.3 percentage           resilient market across the region.
 point  uplift  on  last  year.  Across  the  region,  77.6%  of
 homes achieved at least their Home Report valuation,            Three-bedroom  houses  in  Penicuik  sold  in  the
 up  from  76.1%  the  previous  year,  underlining  the         highest  volumes,  with  an  average  selling  price  of
 market’s resilience.                                            £239,590, closely followed by three-bedroom houses
                  The Midlothian market enjoyed
                                                                 in  Bonnyrigg,  which  sold  for  an  average  price  of
                growth in both supply and activity,
 Eskbank’s  combination  of  the  region’s  highest              £271,578,  which  is  22.2%  higher  year  on  year.  This
 average  selling  prices  and  the  strongest  premiums   with property listings increasing by   reflects  Midlothian’s  appeal  to  families  looking  for
 over  valuation  highlights  its  position  as  the  most   21.5% year on year...  affordable homes in locations that provide excellent
 sought-after area in Midlothian.                                transport links to Edinburgh.






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