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@Cupcakes
@dammit houses in East Lothian have gone as high as 30% over home report valuation. Less in Midlothian and Berwickshire. But that's just my experience, and relates to properties valued under £300k.
Ultimately you're likely to be bidding blind, which means you'll either be disappointed or haunted by a worry that you've overpaid and ripped yourself off. Be wary.
You'll need a solicitor to submit offers on your behalf, so get one lined up now. They can help with advice on what the market is like.
You need the difference between purchase price and mortgage valuation available in cash, as well as cash for mortgage deposit and cash for conveyancing (stamp duty is called LBTT up here btw) and cash for any home improvements, so work those into the budget.