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Trainspotting postcodes experience massive increase in house prices over past two decades


01-22-2017

New study reveals moving to areas in 1996 where Trainspotting was originally filmed was a solid investment

CHOOSING a Trainspotting postcode in the year the film was released may have been a solid property investment.

Changes in the past two decades have seen prices soar by more than 400 per cent in some of the areas featured in the film.

Trainspotting
PA:Press Association
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The stars of Trainspotting return to many of the original locations in the new sequel

Leith in Edinburgh is just one of the areas to receive a facelift as young professionals have moved in since the release of the film.

A new study by Bank of Scotland has revealed that prices have risen by over 200 per cent from £59,902 on average in 1996 to £182,440 today.

Elsewhere in the city, the bookmakers with the “worst toilet in Scotland”, from which Renton crawls out of, has long since disappeared from Muirhouse Shopping Centre on Pennywell Road in EH4.

Prices in the EH4 postcode area have soared in the past two decades, experiencing the same rise in price as some of it’s partner locations.

The ‘worst toilet in Scotland’ has long since disappeared from Muirhouse Shopping Centre
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The ‘worst toilet in Scotland’ has long since disappeared from Muirhouse Shopping Centre

Graham Blair, mortgage director at Bank of Scotland, said: “The trailer for Trainspotting 2 subtly highlights how much the world has changed since Trainspotting was released 20 years ago –  John Menzies has disappeared from Edinburgh’s Princes Street, trams are now a prominent city centre feature and Renton is married.

“If you had decided to choose a Trainspotting postcode back in 1996, you would have seen a solid boost in value since then.”

Trainspotting
News Group Newspapers Ltd
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Ewen Bremner filming T2 Trainspotting in Muirhouse Shopping Centre

Although the film is set in Edinburgh, much of Trainspotting was actually filmed in Glasgow, with a disused cigarette factory providing the setting for the majority of the film’s locations.

The park in which Sick Boy illustrates his unifying theory of life to Renton was another of the many Glasgow  locations where Trainspotting was filmed.

Volcano nightclub on Glasgow’s Benalder Street, where Renton meets Diane, has been demolished but property prices in the G11 postcode have increased 218 per cent over the past 20 years.

In 1996 a property would have cost an average of £56,486 – in December 2016 it was £179,833.

The Volcano club where Mark Renton met Diane in the first film
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The Volcano club where Mark Renton met Diane in the first film

But property prices in the London postcodes featured in the film have seen the highest increases.

The W14 postcode where the flat that Renton tries to let in London has seen a significant increase in prince over the last two decades.

Property priceshave soared as high as 439 per cent from an average of £125,271 in December 1996 to £674,840 in December last year.

Mr Blair added: “London, of course, has seen the biggest increase, as prices there have shot up in comparison to Scotland.

“However the 200 per cent plus increase that most of the Scottish locations saw is more than acceptable.”

Ewan McGregor and co are back in new trailer for Danny Boyle's T2: Trainspotting 2

The Royal Eagle Hotel, on London's Craven Road, where Begbie smashes up the hotel room in the first film, is in The City of Westminster where property prices have rocketed by over 300 per cent over the last 20 years.

The average price of a property has soared from £166,115 in 1996 to £683,699 on average in December last year.

www.thescottishsun.co.uk

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