Advice on where to pitch offer for one bed flat in Hyndland

[Drannan63]

I was hoping that some mums out there might be able to help me with how best to pitch an offer on a one bed flat in Hyndland. Have been outbid a couple of times now - have offered between 12-15% over - and just hoping someone who has gone through a successful sale might be able to give me some real time information - ie how far over asking did you have to go. Have asked solicitor for advice but they always say just pitch it where you are comfortable which doesn't really help. My budget is between £200-£300K.

Sorry, meant to say this is in Glasgow!!!

I'd expect 25%+ over the home report value. I'm nearby and have heard of 40% recently.

Its so competitive at the moment. I know a 2 bed that went for over 370k so if you really want it and you can afford it you might need to offer at the top of your budget.

Thanks and blimey...no wonder we have been outbid before!!
We're cash buyers with no chain (downsizers! 😀) so perhaps if we go in at just over 20% we might get lucky. Over £300k for a one bed seems a lot but perhaps we'll have to rethink the area if that is the case...
We really like tenement flats...period charm etc

Property is absolutely flying there at the moment. A flat in my gran's block went on and was under offer same day! Definitely a seller's market right now so you will have to go in high.

Just rang a conveyancing solicitor in the West End and he said that one bed flats in good condition are achieving just above the 20% mark in Hyndland but he wouldn't go much higher than that unless we are really desperate - he was actually quite candid and helpful compared to the solicitor we are signed up with.

That still leaves me rather confused given comments above. I assume he must know...

Well 20% isn't too far from your current situation, although maybe the home report values are increasing in line with actual prices? I would suggest that even within Hyndland there are definitely different areas- it might be worth asking about current prices in specific streets.

We've been looking mostly at flats near to Hyndland Rail station - eg Airlie, Novar, Hayburn. Really liked Airlie St.

I grew up in Lauderdale Gardens, so very near! Lovely area. My mum's first flat was in Airlie Street! My gran still lives v near there too. Parking is a bloody nightmare there now is the only problem.

Yes, lovely area with great cafés and shops which is why everyone wants to live there I guess. I think parking is always going to be an issue in this part of town.

Do your homework! check what's sold in area, Hyndland area usually 20% approx over home report value, however in some cases can go for more.. always go your max then not so disappointing if you are not successful! West End is a fast moving market.. and the growth is there too so if you are successful and have that niggle did I pay too much, put it out your mind as long as you stay put for couple years you'll be fine .. I've lived all over Scotland! bought sold refurbished rented airbnb etc started off in a wee room kitchen near Hamden slept on a matress as refurbished it !! and now 30 years on I can honestly say if you've got the nerve property is a solid investment put the work in .. get to know your local estate agents .. stick with good trades people ... and always do your due diligence should you buy, sell, rent, !!