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EXPERT ADVICE

          Newington
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 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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