Three of the best luxury multi-million pound homes for sale in Edinburgh now

The top end of the market has bounced back and there is plenty to tempt wealthy buyers to Edinburgh, says Kirsty McLuckie.

The upper end of the property market in Scotland has had a volatile few years.

The introduction of Land and Buildings Transaction Tax by the Scottish Government in 2015, meant Scottish property above the million pound mark was considerably more expensive to buy compared to similarly priced properties in England.

At a sale price of £1m, an added £45,000 in tax is now due.

A slow down of sales occured as a result, but recent evidence suggests that in Edinburgh at least, the top of the market has bounced back, with confidence returning and homes priced at a million pounds and above changing hands at an impressive rate.

Rightmove figures published earlier this year found that million pound homes sell faster in Edinburgh than anywhere else in the UK, outside of Cambridge.

Properties in the capital worth over £1m take an average of just 53 days to be snapped up by a buyer – which is 23 days faster than last year and almost twice as fast as the national average of 99 days.

The city may be the most expensive in Scotland, but for those with a multi-million pound budget, Edinburgh is still seen by wealthy buyers as offering value for money compared with other UK locations, particularly in the South East.

The quality and range of homes available, with good amenities on the doorstep and in popular locations are a big draw.

A very typical high-end Edinburgh period home is 23 Walker Street.

Picture: Knight Frank

The Georgian townhouse has both a garden and off-street parking and has been beautifully restored by the current owner.

Picture: Knight Frank

It is one of the few whole townhouses in the West End, after many were converted to offices or split into apartments in the 1980s and 90s, and it is very rare to find one that is in such good condition.

Picture: Knight Frank

The lower ground floor of the house has been set up to either be incorporated in to the main house, or to be used as a self-contained flat with its own entrance from the street.

Picture: Knight Frank

For indoor space and extensive grounds close to the city centre, Innerwick House in Murrayfield is at the top end of high value properties in the capital.

Picture: Savills

Murrayfield is a mile from the centre and is convenient for the financial district and access to the airport.

It is particularly popular with families because of the range of private schools in easy reach.

Picture: Savills

Innerwick is one of Edinburgh’s finest houses, in private, beautifully screened and walled grounds.

It is a stone-built Georgian house, sympathetically extended in Edwardian times to now measure over 8,000sq ft.

Picture: Savills

The house was comprehensively refurbished and reconfigured in the late 1990s to create five double bedrooms and five bathrooms alongside elegant drawing and dining rooms and the open-plan dining kitchen and family living room.

Picture: DJ Alexander

The Old Coach House in the grounds has three bedrooms, its own parking and garden.Braeknowe, on Barnton Avenue West, is an elegant detached house dating from the 1940s.

Picture: DJ Alexander

It is set in a secluded wooded plot in one of Barnton’s best and most sought after residential addresses and has the ultimate 21st century luxury, a swimming pool complex.

At a glance

Picture: Knight Frank

Where is it: 23 Walker Street, West End.What is it: A grade A listed full townhouse over four floors, with a garden and off-street parking. Four bedrooms, plus a two-bedroomed self-contained flat on the lower ground floor. Three public rooms including a dining kitchen and a grand first floor drawing room.Good points: The epitome of Georgian city living, the whole house has been upgraded to suit modern life. Packed with period features such as the stone staircase lit from above by a cupola.Bad points: Lots of running up and down stairs, but it would keep you fit.Price: Offers over £1.95m.Contact: Knight Frank on 0131 222 9600.

Picture: Savills

Where is it: Innerwick House, Murrayfield.What is it: Fine Georgian house with seven bedrooms, elegant reception rooms and a three bedroomed coach house.Good points: Described as one of the finest houses in the city, it also has a beautiful secluded garden.Bad points: You would need a big family to fill it and it is near the top of the price range for Edinburgh.Price: Offers over £2.95m.Contact: Savills on 0131 247 3700.

Picture: DJ Alexander

Where is it: Braeknowe, 9 Barnton Avenue West, Barnton.What is it: An imposing 1940s home with five bedrooms and four public rooms, set in its own mature grounds in a very sought-after part of the city.Good points: An indoor pool complex, complete with garden room and roof terrace above would make for a very sociable house.Bad points: Interiors could do with upgrading.Price: Offers over £1.95m.Contact: DJ Alexander on 0131 652 7313.