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 New Penicuik flats

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carnethy



Number of posts : 18
Registration date : 2008-11-09

PostSubject: New Penicuik flats   Tue Aug 02, 2011 9:57 am

Anyone know why the new 1 & 2 bed apartments in John St, Penicuik don't seem to be selling?

They are now offering "Massive Final Reductions" as seen in the link below, with prices as low as 80,000!

http://www.amcdproperty.co.uk/property/showproperty.php?p=202

They look quite temping, especially the ones with the en-suite but can't help being concerned as to why they aren't selling. Is it due to their location & subsequent noise from the street & pubs, etc?
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SamTyler

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Number of posts : 930
Registration date : 2008-03-17

PostSubject: Re: New Penicuik flats   Tue Aug 02, 2011 12:44 pm

The prices have dropped a lot since they were first built - I think they were about 116,000 for the 1 beds originally then went down to 98,000. Not very good for anyone who has already bought one - perhaps it was impossible to get a mortgage on them.
Not sure about parking facilities for them as there does not seem to be much space round the back now. It should be a lot quieter there than it is in the High Street so don't think noise would be too much of a problem.
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