Page 66 - ESPC Magazine Dec 2020

31 BELMONT GARDENS, MURRAYFIELD,
LETTING ADVICE 31 BELMONT GARDENS, MURRAYFIELD,
EDINBURGH, EH12 6JD
EDINBURGH, EH12 6JD
OFFERS OVER £485,000 3 1 2 E
OFFERS OVER £485,000 3 1 2 E

ESPC PROPERTY

AN UPDATE ON THE RENTAL MARKET

Nicky Lloyd, Head of ESPC Lettings, looks at the latest Citylets report to reveal what’s
happening in the Scottish and Edinburgh rental markets.
The latest Citylets Report reveals that increased in Edinburgh, rising to 46 days,
the Scottish private rented sector was 19 days slower than last year. In the capital,
exceptionally busy over the third quarter of there was generally a greater excess of rental
2020, with pent up demand from tenants homes on the market during the spring
released into the market following the easing lockdown. The large choice of property
of lockdown restrictions. in some parts of the capital therefore
contributed to a greater increase in time to
Across Scotland, rents were driven higher let than in other regions.
during the third quarter, rising by 5.4%
year-on-year to £865 on average. This growth At ESPC Lettings, we noted strong demand
was particularly concentrated in three and from tenants looking to find a new rental
four bedroom properties, which saw a 10.4% home in Edinburgh when lockdown
and 13.6% year-on-year increase in average restrictions were relaxed at the end of June.
rent, respectively. This demand has cooled slightly as we
approach the Christmas period, but we’re
This increased demand for larger rental finding that rents are staying steady in the
properties seems to have been enhanced capital generally.
by tenants looking for more space for
homeworking and gardens in the event of Anyone looking to invest in a buy-to- Enjoying some of the finest views in Edinburgh, this 1930s semi-detached house commands
a unique elevated position in the exclusive area of Murrayfield. The property offers: an
further lockdown restrictions. let property in Edinburgh in the present Enjoying some of the finest views in Edinburgh, this 1930s semi-detached house commands
elegant blend of modern and traditional features; bay-windowed living room and master
circumstances should consider seeking a unique elevated position in the exclusive area of Murrayfield. The property offers: an
bedroom with breathtaking panoramic views; generous formal dining room; stylish kitchen;
In Edinburgh, the average rent recorded by expert advice on the best areas and elegant blend of modern and traditional features; bay-windowed living room and master
three double bedrooms; spacious family bathroom; peaceful and private front, side and rear
bedroom with breathtaking panoramic views; generous formal dining room; stylish kitchen;
Citylets from July to September 2020 was £1,139, properties, as priorities for some tenants have gardens; and unrestricted on-street parking. Southerly views across the city's skyline to the
three double bedrooms; spacious family bathroom; peaceful and private front, side and rear
down 0.8% compared to last year. All property changed in the last year. Pentland Hills.
gardens; and unrestricted on-street parking. Southerly views across the city's skyline to the
types recorded a slight decrease in average Pentland Hills.
rent, except for four bedroom properties, for ESPC Lettings offers expert advice on the VIEWING INFORMATION
which the average rent rose by 1.3%. Edinburgh rental market. Contact the team By appt tel 0131 668 0440 or
VIEWING INFORMATION
By appt tel 0131 668 0440 or
on landlord@espc.com or 0131 253 2847, or email west@warnersllp.com
As with many other regions, time to let head to espc.com/lettings to find out more. email west@warnersllp.com
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