Edinburgh property: Focus on Newington

Edinburgh Property: Newington

 

This vibrant area in the south side of Edinburgh is only a 15-minute walk from Princes Street and is the main hub of Edinburgh’s student community.

Edinburgh property: Focus on Newington

The central location of Newington makes it perfect for connecting to other parts of the city and the area itself has a youthful and busy feel to it.

Property in this area is perfect for those looking for investment opportunities; particularly people looking at buy-to-let.

Newington property options

Property in Newington ranges from large townhouses in the south of Newington to smaller two and three-bedroom flats in the more central areas near Clerk Street.

A three-bedroom townhouse on Newington Road is likely to sell for between £450,000 and £500,000 with a five-bedroom detached house on the nearby Minto Street selling for over £720,000.

Property in the south of Newington is predominately Victorian terraced housing and a seven-bedroom terraced house on Granby Road, which is around a 25-minute walk from the centre of Edinburgh, is valued currently at £850,000.

The majority of property in Newington closer to the centre of Edinburgh, in the areas of Clerk Street, Montague Street and Rankeillor Street are smaller one, two and three-bedroom flats.  A one-bedroom flat on Montague Street will sell for approximately £155,000 with a three-bedroom flat on South Clerk Street selling for around £315,000.

Two and three-bedroom flats in the centre of Newington are in high demand to rent for students studying in Edinburgh because of their central location and close proximity to the university. People looking at buy-to-let opportunities should consider this area when looking at making an investment.

Newington amenities

Newington is home to Edinburgh’s central mosque and the surrounding area has a number of Middle Eastern restaurants and shops. As well as this the area has an array of pubs including many that pride themselves on being dog-friendly, such as the Dog House on Clerk Street, and also is host to some small live music venues such as the Jazz Bar.

The area has many small specialist shops as well as several charity and vintage clothes shops. Newington also features a Sainsbury’s local shop and a 24-hour Scotmid Co-op and is only a short walk from Edinburgh’s largest shopping street, Princes Street.

Newington takes on a new feel in the summer months with many people descending on the Meadows, a large public park and in August many establishments in Newington act as venues for Edinburgh’s Fringe Festival, the largest arts festival in the world.

During the Edinburgh Jazz and Blues Festival, Newington’s Queens Hall acts as a lead venue and for the rest of the year the 900-capacity venue is home to the Scottish Chamber Orchestra as well as hosting varying genres of musicians who play in Edinburgh. Newington is also a short walk to the Edinburgh Festival Theatre as well as the National Museum of Scotland.

INTERESTED IN BUYING OR SELLING NEWINGTON PROPERTY?

If Newington sounds like the property destination for you, then get in touch. Likewise, if you are looking to sell a property in Newington then talk to us today. #MoveWithVMH