Buy to Let Edinburgh
At Clan Gordon we make it our business to know the buy to let Edinburgh property market inside out. Whether you are looking for your first buy to let opportunity, or are considering expanding your property portfolio, you can count on us to steer you through each stage in a friendly and professional manner. We offer a bespoke service for Edinburgh property investors, aimed at making the buy to let process as smooth and hassle free for our clients as possible, find out more about our Property Investment Service.
If you are considering a buy to let investment property in Edinburgh, let us do the hard work for you. Sign up to receive our regular Edinburgh Property Investment Updates directly to your inbox, keeping you updated on the latest on and off market buy to let investment opportunities in Edinburgh.
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Average buy to let rent levels
The current average rent in Edinburgh is £1,107 per month, up 5.6% year on year [Source: CityLets]. The most recent CityLets report provides the following breakdown of average rent levels in Edinburgh.
|Bedrooms||Average Rent||Rent change 1 year|
The average rent achieved by buy to let properties in Edinburgh can vary depending on a number of factors, this is especially true for location, number of bedrooms (as is shown above) and the overall standard of the property. At Clan Gordon, we believe that quality tenants look for quality properties, and so it may be worth investing in renovation works and a higher standard of furnishings in order to maximise rental potential and attract the best tenants.
Average time to let
The current average time to let is 21 days for rental properties in Edinburgh [Source: CityLets]. Similar to average rent levels, the time to let can vary depending upon the number of bedrooms, location in the city and the standard of the property. The most recent CityLets report provides the following breakdown for time to let in Edinburgh:
|Bedrooms||Average time to let||Let within a week||Let within a month|
|1 bedroom||17 days||35%||83%|
|2 bedrooms||21 days||25%||76%|
|3 bedrooms||29 days||20%||60%|
|4 bedrooms||29 days||21%||65%|
At Clan Gordon, our average time to let in 2018 is 15 days [Source: CityLets].
When looking for a potential buy to let property, investors should research the Edinburgh property market to find out what types of properties are letting well, and which areas are the most popular.
Edinburgh student lettings
There is currently a lack of quality student accommodation across the city, creating a gap in the market for buy to let property investors who are willing to meet their needs. Some buy to let investors are reluctant to invest in properties aimed specifically at the student market however, with over 60,000 students enrolled in further or higher education in Edinburgh in 2017 and only 19,000 purpose-built student accommodation rooms, this is a busy market with the potential to achieve good return on investment.
Contact us to discuss the HMO buy to let market in Edinburgh.
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