The best areas for buy to let properties in Edinburgh
Interested in purchasing a buy-to-let property in Edinburgh but unsure which area would be best to buy in? While areas such as the West End and Leith are popular with tenants, the competition for homes in these areas means property prices can be high, which may prevent you achieving a strong yield on a rental property.
Based on the latest rental data from Citylets and house price information from ESPC, we’ve identified the best areas for buy-to-let properties in Edinburgh based on rental yields, to help you maximise income on a buy-to-let investment.
EH16 – Liberton and the surrounding areas
Covering the village of Liberton, and the nearby areas of Craigmillar, Peffermill and Niddrie, EH16 is a good place to purchase a buy-to-let in Edinburgh. There have also been many new build developments in this district which have proved popular with tenants, but house prices remain competitive.
Between July and September 2020, the average rental yield for one bedroom properties in EH16 was 7.4% while it was 5.7% for two bedroom properties and 5.4% for three bedroom properties.
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EH17 – Gilmerton, Moredun and Mortonhall
Easy access to the City Bypass makes living in the EH17 area of the city an attractive prospect for those who need to commute to other parts of the city or further afield on a regular basis.
Two bedroom properties in EH17 achieved an average gross rental yield of 6.3% in the third quarter of 2020.
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EH5 – Granton
Granton has grown in popularity with students and young professionals in recent years, thanks to the presence of Edinburgh College and proximity to the trendy areas of Leith and Newhaven. Plus, excellent bus and cycle routes make accessing other parts of the city a breeze.
From July to September 2020, the average rental yield of a one bedroom property in EH5 was 6.1% while two bedroom properties in this area had a yield of 4.7%.
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EH14 –Slateford to Juniper Green, Currie and Balerno
Juniper Green, Currie and Balerno are nestled under the Pentland Hills, making the EH14 district a popular base for those who enjoy spending time outdoors. There are also excellent schools in the areas making it attractive for families.
During the third quarter of 2020, the average rental yields for one and two bedroom properties in EH14 were 5.9% and 5.1% respectively. Three bedroom properties in this area had an average yield of 4.3%.
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EH11 – Dalry and Gorgie to Sighthill
Running through Dalry, Gorgie, Stenhouse and Sighthill, the EH11 area is popular for both young professionals and students. There are excellent bus services available to transport residents to all areas of the city, including Heriot Watt University.
In EH11, from July to September 2020, one bedroom properties achieved a 5.0% yield, two bedroom properties achieved a 5.3% yield and three bedroom properties achieved a 5.6% yield.
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Rental yield calculator
Use our handy rental yield calculator to work out what yield you could get on a buy-to-let property.
ESPC Lettings is a letting agent based in Edinburgh. If you're interested in entering the buy-to-let market, the team can offer expert advice on your buy-to-let properties and portfolio and also provide a fully managed letting service for landlords. Get in touch with the team on email@example.com or 0131 253 2847 to find out more.
The average gross rental yields in this article are based on rental data from Citylets and house price information from ESPC from July to September 2020.
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