One bed properties in Liberton, Craigmillar, Peffermill and Niddrie boast highest rental yield in Edinburgh

One bedroom properties in Liberton, Craigmillar, Peffermill and Niddrie achieved an average gross rental yield of 7.4 per cent during the third quarter of 2020.

One bedroom properties in the EH16 district of the city (Liberton, Craigmillar, Peffermill and Niddrie) achieved an average gross rental yield of 7.4% during the third quarter of 2020.

According to rental market data from Citylets and house price information from ESPC the EH16 district had the highest rental yield seen in the Capital during this period.

Two and three bedroom properties in the same area achieved a 5.7 per cent and 5.4 per cent rental yield on average, respectively.

Gilmerton and Moredun also saw strong rental yields where two bedroom properties achieved 6.3 per cent on average, and Granton, where one bedroom properties achieved 6.1 per cent on average.

Nicky Lloyd, head of ESPC Lettings, said: “As restrictions on the Scottish rental market were eased at the end of June, we saw strong demand from tenants looking to find a new rental home in Edinburgh. This demand has cooled slightly as we approach the Christmas period but we’re finding that rents are staying steady in the capital generally.

“Anyone looking to invest in a buy-to-let property in Edinburgh in the present circumstances should consider seeking expert advice on the best areas and properties, as priorities for some tenants have changed in the last year.

“While some areas might be in high demand from tenants, high house prices in those places may dampen the rental yield you can achieve.

“The EH16 area is a popular option for tenants due to the presence of many modern developments, but house prices also remain relatively competitive, making for better rental yields.”

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