Edinburgh City Lets – Guide to getting the best for your budget!06 May 2016
Edinburgh rents are amongst some of the highest in the UK and demand is still outstripping supply but if you think carefully about what you really want then there are still properties available but there is a need to act quick. Today we are going to look at mid-market rentals – between £500 – £800.
Do I want space?
If the answer is yes, then looking at ex local authority flats is a great idea – think Saughton, Colinton, Silverknowes. These properties are very well proportioned, typically have built in wardrobes and additional good storage. Furthermore they tend to have outdoor space, either communal or shared – great for young small families. Many Landlords have bought these as they provide good rental yields and often you will find them with new fixtures and fittings.
Is location more important to me ?
As a rule of thumb, the closer to the city centre or to the local hotspots the higher the rent but often it does mean that you may have to compromise on decoration or level of fixtures or fittings – not to say they aren’t in good working order, just perhaps a little more traditional decor. For example a 1 bedroom in Stockbridge, traditional decor from £500pcm but good modern speck £650-£700 pcm. A 1 bedroom in Bruntsfield, again traditional decor from £500 or in good modern speck certainly £650 pcm plus …
I’ve got a family, I want a house with a garden…
There have been a good number of new build developments, some more mature than others, towards or perhaps on the outskirts of Edinburgh but still within very easy commuting time.
Ever thought about East Lothian? Preston Pans? Tranent ? Musselburgh? There are some great family homes, with the desirable open plan living and direct access to low maintenance gardens, a blank canvas! Local schools are good and facilities are often new. Furthermore there is the train line providing extremely quick access to Waverly. All this and typically for a lower rent than you will find in the heart of Edinburgh. Definitely food for thought.