If you’re in Edinburgh for the Fringe Festival, why not take this opportunity to view some potential holiday rental or buy-to-let properties.
As interest rates are at an all-time low it’s a great time to purchase a second property as a holiday rental or as a buy-to-let property. It’s also a great source of income and Edinburgh is a fab place to buy.
They are many different areas in Edinburgh that make it such a great place to buy. Your ideal tenant will determine the area you’re going to buy in. Here are just a few.
Voted the best suburb to live in Scotland. Its village feel and great location makes it a promising place to buy. It boasts great mixture of older and newbuilds that vary in price.
On average a two-bedroom flat will bring you around £1000 a month. It’s a great place for families to settle down as there is a great sense of community and lots of brilliant local cafes and restaurants.
One of the most sought after areas when purchasing a property. Great all year round but especially in the summer time.
The average monthly rent for a three bed flat in the city centre is around £1400 per month but during the Fringe Festival prices can double or even triple depending on location.
An affluent area in the south of Edinburgh just 15 minutes from Princes Street. Most of the properties in this area are Victorian or Edwardian buildings with a great deal of character.
It’s a popular area with professionals and students as it has the Meadows right on the door step and is easy for commuting into the centre. Two-bedroom properties in this location can bring in around £900 per calendar month.
Known for consisting of Georgian townhouses and being popular with Edinburgh University students. Newington is a great location to purchase a buy-to-let property as there are always new students moving into the area looking for accommodation.
The location itself has Arthur’s Seat on one side and the Meadows on the other with the Royal Mile just a short walk away. It’s a bustling and busy area so a three-bedroom flat can bring in around £1200 a month.
A very green region of Edinburgh, that plays host to many specialist shops, busy bars and trendy boutiques.
The perfect location for professionals as there are countless numbers of buses going to and from the city centre but also popular with students are Edinburgh Napier Universities’ Merchiston campus is just around the corner.
The grand architecture and popularity of the area means that a three-bedroom property can bring in around £1350 per month, making it a great investment.
This historical area of Edinburgh is a popular place to live for professionals, families and students so you wouldn’t be short on opportunities for tenants.
With a fantastic range of retail and food shops on your doorstep it’s like being in your own little bubble.
Buy-to-let properties in Morningside can be rented out for around £1200 for a three-bedroom flat. During the summer months it is a popular area for holiday rentals as there are many locations nearby that are Fringe Festival venues.
Leith is an up and coming area of Edinburgh. It’s currently host to a large number of young professionals who travel into the city centre everyday for work as well as lots of unique and independent coffee shops and bars.
As it is slightly further out of the city centre and still up and coming it is cheaper to buy a property in this area than others on the list but you will still be looking at getting around £300 per person per calendar month in terms of rent.
As Ocean Terminal is just on your door step, this makes the area even more attractive during the summer as, much like in Morningside, Leith is host to many festival events.