Inside Scottish housing estate where flats with £5 deposits now sell for £300k

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Inside Scottish housing estate where flats with £5 deposits now sell for £300k
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The Stockbridge Colonies, which were built for the poor during the 19th century, are now considered trendy.

Residents of a Scottish housing estate that has become one of the city's most sought-after neighbourhoods say there's still a "thriving community" - despite sky-rocketing prices.

The ECBC began construction on the Stockbridge Colonies – homes built by and for the cooperative and beyond, which could house up to 7,000 people. Potential residents could pay a £5 deposit for an upper or lower level flat, which would range from £100-130, with the remaining balance to be paid off within 20 years.

Jessie Deopp, 39, moved to Scotland from the USA in 2023, when her husband Pat, 41, had the opportunity to relocate for work at an investment management company. This week's top Scotland Now stories “I’ve met some families with young children, and they say that when the weather gets nicer, everybody is outside. We’ve had a glimpse of spring, and everyone was outside doing their laundry, their gardening, or just going for walks and getting outside – it’s very social.

A resident of Edinburgh for over 40 years, Bill believes that the area’s history shouldn’t be forgotten – and is glad to see longstanding traditions of community events being enjoyed by new residents. ''There’s lots of events that take place over the year that raise that community spirit. At Christmas, we have a ceilidh where tickets initially go out to the residents of the colonies, and then if there are any left over, other folk can come to the ceilidh.

“I bought my flat nearly 30 years ago, and I couldn’t afford to buy it now – I think that’s unfair for people coming in,” he said. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today.No one will be able to see who is signed up and no one can send messages except the Daily Record team.If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'.

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