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EXPERT ADVICE
Newington
Credit: Kozlowski/Shutterstock.com
The best-performing postcodes for
property lets
Using the latest Citylets data and ESPC house price information,
Head of ESPC Lettings Nicky Lloyd shares the top Edinburgh
postcodes for strong rental yields.
Proving popular with a range of renters, from students
looking to be close to campus to families seeking a
hinking about getting involved in around the 5-6% mark could be considered
property investment? The potential ‘good’, while anything above 6% is considered home in a well-heeled locale, EH9 performed well
Trental yield for your property is one of ‘very good’. during the opening months of 2024.
the most important factors to consider before
you take the plunge, along with the potential We’ve analysed the latest rental data from One-bedroom properties offered an especially
that the property will increase in value over Citylets and combined it with ESPC house price strong yield of 6.1%, while two beds achieved 4.4%,
time, as this is how you can make money from data, to uncover the best-performing postcodes and three-beds provided a 4.3% yield.
your property. for property investment across Edinburgh.
Our analysis has revealed that four postcodes
A rental yield is the annual return you achieve delivered the strongest results during the first
from renting out your home, and across the quarter of 2024: EH5, EH9, EH11 and EH12. EH11 offered very healthy rental yields across the board, likely due to a
UK, the current average rental yield is between combination of lower property prices and increased renter demand.
5% and 8% (according to Natwest). Anything Let’s look in more detail... Just west of the city centre, EH11 covers up-and-coming communities
as well as more established neighbourhoods, meaning it appeals
to everyone from students and young professionals to families.
One-bedroom and two-bedroom properties both offered
rental yields of 5.4%, while three-bedroom properties performed
Attracting increasing numbers of young exceptionally well, with an 8.4% average yield, the best to be found
professionals due to its excellent in Edinburgh during this period.
transport links, popular amenities,
proximity to the coastline and its
mix of elegant neighbourhoods
and more affordable areas, EH5
delivered strong results for Homes in EH12 continued to perform strongly, proving popular
rental investors during January- with a range of renters, from young professionals to families.
March 2024. With excellent local amenities, first-rate transport links,
renowned schools and plentiful green spaces, it’s no surprise
One-bedroom properties achieved that this pocket of Edinburgh held strong appeal for tenants.
an average rental yield of 5.7%, while
two-bedroom homes attained 5%. One-bedroom properties performed best, with a 5.5%
yield, while two- and three-bedroom properties both offered
Newhaven
yields of 5.1%.
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