Property in Edinburgh
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Cullen Property was founded in 1998 by two directors, passionate about Edinburgh, to provide a specialist service for clients wishing to invest in residential property in the city, and then to manage those properties as if they owned them. Our managed portfolio has grown to a value of over £120M in that time, with many of the properties having been hand-picked by the directors and management team. Our properties have so far achieved a very high occupancy level: always in excess of 95% and frequently more than 98%. Despite the portfolio size, we still hold true to the original values and operate a personal service whereby every investor, landlord and tenant knows who their Property Manager is on first name terms and can speak to them directly at any time! Edinburgh is a vibrant city and can offer investors in residential property a great deal on their investment, especially due to the high student population. Edinburgh benefits from a number of highly reputable universities and a continuously growing student population from economically secure backgrounds. We source exactly the type of properties students are looking for in areas close to the various campuses. As a consequence of a large student population, there are many young professionals who are keen to rent for a period of time before they set foot onto the property ladder themselves. These professionals offer a great target market to investors and landlords looking to let smaller flats. For further guidance and expert advice on the city’s buy-to-let market look no further than our Property Investor Guide.
Lettings: 0131 268 9556
Factotum was established in 1985 by Chris and Sarah Boisseau. Over the years our family business has successfully built up a large portfolio of properties throughout Edinburgh. Our flexible approach to letting makes us unique. We work with the market to maximise rental occupancy for landlords and tailor lets to suit tenants requirements. As a result, our core business is long term, short term and holiday lets. We specialise in letting for the Edinburgh Festival during the months of July and August.
Lettings: 0845 597 8667
Drummond Miller Property are a one stop shop for estate agency, conveyancing and lettings. Our highly experienced team is committed to delivering more by offering great communication plus a transparent and personable service tailored to meet a variety of needs and budgets. We have a network of five offices across central Scotland and a dedicated team of people on hand to provide the personal service you expect and deserve. Estate Agency We make the process of selling your property easy. We understand that life is busy and that every selling situation is different so we pride ourselves on working closely with our clients to meet their specific needs and requirements. Our agents provide free, no obligation valuations that are based on thorough research and years of experience. With Drummond Miller, you are guaranteed an honest property appraisal and a realistic estimation of your property value. Lettings We are accredited by Landlord Accreditation Scotland (LAS) and Scottish Association of Landlords (SAL) proving our dedication to the strictest codes of industry practice. Our agents are Letwell/CIH trained and are also qualified residential paralegals. By letting your property with us, you can be as hands-on or hands-off as you like but we'll ensure that you always meet your obligations as a landlord. We offer a special "tenant finding only" service which allows you to manage the property and collect the rent yourself. Alternatively, we can arrange to show tenants around your property, check and reference them for you, and conduct regular inspections to make sure they're taking good care of the property. Conveyancing The buying and selling process can be complex which is why it’s important to choose an expert that you can trust to make the process as smooth and straightforward as possible. At Drummond Miller we assist with residential sales and purchases throughout Scotland and have developed a client focused approach with communication and understanding at the heart of our service. We take into account the needs of each buyer and we will tailor our services to you, whether you are a first time buyer, looking for a second home or expanding your property portfolio. We charge a fixed fee for our services, so you can be sure you won’t be faced with any unexpected legal fees down the line. Offices: Edinburgh|Glasgow|Musselburgh|Bathgate|Dalkeith
A guide to Edinburgh
Edinburgh, Scotland's bonnie capital and once voted in a YouGov poll in 2013 one of the most desirable UK cities to live, sits in a beautiful location on Scotland's east coast. The Scottish capital is surprisingly compact in places, however, venture a little further and you will discover the areas of Leith, the ‘villages’ of Stockbridge, Morningside and Duddingston. The 102 square miles also encompass West End, New Town, Old Town, The Grange, Barnton, Cramond, Southside, Meadows, Marchmont, and Murrayfield.
Edinburgh was built on seven hills and professes to have more listed buildings than anywhere else in the world. The architecture is delightfully varied and walking around the city’s cobbled streets, you can soak up the medieval wynds, closes and traditional tenements found in the Old Town, or admire the majestic Georgian buildings in New Town. Together, Old and New Town are listed as a World Heritage Site, a status that will ensure Edinburgh’s unique character will be preserved for generations to come.
It is home to many of the UK’s most visited attractions. In fact, after London, Edinburgh is the second most popular tourist destination in the UK. Visitors flock to the Royal Mile with its medieval castles, Holyrood Palace (the official residence of Her Majesty the Queen in Scotland) or to climb to the top of Arthur’s Seat for an amazing view of Edinburgh, while breathing in the fresh Scottish air.
Residents benefit from a wide variety of property. James Whitson, Director of Edinburgh Residential Sales at estate agent Rettie & Co., says that each area offers something different, depending on what the buyer is after. He said: "New Town is a designated UNESCO World Heritage Site and has the largest and best-preserved example of Georgian town planning in the UK. It has a unique mix of Georgian town houses, flats and mews properties. This area tends to be popular with families, professionals and students."
Old Town, also a World Heritage site, has the older medieval wynds and closes, with traditional tenements, mixed with some modern developments, attracting a wide variety of people. Marchmont, in which you find mainly Victorian houses and flats, attracts students and young professionals because of its proximity to Edinburgh University’s campus. Murrayfield has some great Victorian warehouses which have been appropriated as houses and flats. The area also has some modern developments, making Murrayfield popular with families. Mr Whitson (Rettie & Co.) said Leith’s recent regeneration was noteworthy and the area was filled with beautiful Georgian, Victorian and inter-war properties, therefore it attracted a wide demographic of residents from young professionals to families.
Taking the city in as a whole, with its wonderful views, stunning properties, hidden gardens and secret courtyards, Mr Whitson (Rettie & Co.) believes Edinburgh deserves its reputation as one of the most compelling cities in the world.
Most of the city centre properties prove popular with potential buyers, thanks to their well-proportioned rooms and high ceilings. Apartments in converted Victorian houses in Belgrave Crescent are filled with copious amounts of natural light and have views over the impressive Edinburgh Castle in one direction and the Forth Bridge in the other. In Edinburgh’s Georgian New Town, property is very desirable. The 18th century households provide a stunning place to live and are fine examples of elegant Georgian architecture.
What are the average sale prices in Edinburgh?
According to estate agents at Rettie & Co., the below sale prices refer to the average across New Town, Old Town, Marchmont, Murrayfield and Leith.
- One bedroom flat in Edinburgh - £132,225
- Two bedroom flat in Edinburgh - £182,355
- Two bedroom house in Edinburgh - £172,014
- Three bedroom house in Edinburgh - £281,975
Jamie McNeill from CKD Galbraith's Edinburgh office says: "Due to a growing demand from first time buyers and the impact of prices, which in some areas have seen a 15% year on year rise, one bedroom flats (£100,000-150,000) are particularly popular.
"We are also seeing a high demand for two and three bedroom flats in the city centre, New Town, Stockbridge and Morningside, with prices rising between 10% and 18% year on year."
However, he explains that demand in the prime Edinburgh market (£1million and above) fell after the introduction of LBTT (which replaced Stamp Duty in Scotland in April 2015) but is now seeing buyer and seller confidence return and he expects this to continue in the year ahead.
What are the average rental prices in Edinburgh?
According to Rettie & Co., the below rental prices refer to the average across New Town, Old Town, Marchmont, Murrayfield and Leith.
- One bedroom flat in Edinburgh - £743 pcm
- Two bedroom flat in Edinburgh - £996 pcm
- Two bedroom house in Edinburgh - £790 pcm
- Three bedroom house in Edinburgh - £1,102 pcm
James Kerr, Managing Director of Ben Property Management, says: "We are still finding there is a huge demand for one, two and three bedroom properties across the city with the top end of the market expanding. We have seen a rise over the last year or so in exclusive luxury properties coming to the market for rent, as demand has increased."
What are the best and most popular schools in Edinburgh?
Edinburgh is well known for its schools and John Boyle, Director of Research at Rettie & Co., says that one in four children is at a private school in Edinburgh.
Amongst the most notable schools is George Heriot’s, found in Old Town. The establishment carries children from nursery right through to senior school and is one of Scotland’s most distinguished schools. The Mary Erskine School (for girls aged 12-17) and Stewart’s Melville College (for boys aged 12-17) are popular choices amongst parents due to their good results. Close by in New Town, Edinburgh Academy and Fettes College also prove popular.
There are some excellent and highly sought-after state schools found in the city, namely Cramond Primary, a non-denominational school, and Blackhall Primary in Middle Street.
Edinburgh’s university is ranked 17th in the QS World University Rankings 2014/15 and is free for those who live in Scotland.
What types of local transport are available in Edinburgh?
Mr Whitson (Rettie & Co.) believes that the best way of getting around Edinburgh’s city centre is by foot. He said: “Thanks to the compact centre and great pedestrian routes, walking is a delightful way to get around.” However, the rest of the city is well connected by trams, buses, trains and cycle paths. The tram system, which runs from Edinburgh Airport to York Place, caused much ire amongst residents before it was finished but has been running smoothly since completion.
As the capital, Edinburgh has the busiest airport in Scotland, providing direct links to London. Edinburgh to London takes 90 minutes and hundreds of flights leave each day. There are also direct flights to the rest of the world. Edinburgh’s main train station, Waverley, has trains to London that leave regularly throughout the day and trains for Glasgow Queen Street which leave every 15 minutes.
A guide to Edinburgh: Lifestyle
Step inside a map to Edinburgh and you will see that everything you need is on your doorstep. From shopping centres to bars and restaurants, galleries, cinemas and parks, James Kerr (Ben Property Management) believes Edinburgh has it all. As the capital of Scotland, there is always something going on and there is an abundance of either cultural, indoor or outdoor activities for residents to enjoy.
Mr McNeill (from CKD Galbraith) says: “Edinburgh Castle is a must for any visitor and has always been extremely popular because it is an important part of the city’s history”. A mile down the cobbled high street from the castle is Holyrood Palace. Also close by in Old Town and worth a visit, according to Mr Whitson (Rettie & Co.), are Mary King’s Close and Greyfriars Bobby, Edinburgh’s smallest listed building, which has an enchanting story behind it. Read more about this here.
Where are the best places for shopping in Edinburgh?
Off the tourist track, residents enjoy meandering through the cobbled streets, which is a perfect way to soak up Edinburgh’s buzzing atmosphere and to explore its quaint boutiques for vintage clothing, jewellery and accessories. To splash the cash you’ll find Harvey Nichols in St Andrew Square, which has a restaurant if you tire of shopping. For rainy afternoons, Edinburgh has many independent cafés. Blackwood Coffee in Morningside has a local feel to it and serves a mean espresso. The Elephant House, where J K Rowling famously began the Harry Potter series, is a popular choice with families.
Along with its independent cafés, Edinburgh also has a number of independent cinemas. The Dominion, in Morningside, is a family run cinema where visitors are encouraged to feel at home in a comfy seat or reclining armchair with a footstool. Guests can take their shoes off and relax, and people have even been known to turn up in their pyjamas!
Where are the best restaurants in Edinburgh?
There is no end to the number of restaurants in Edinburgh. After London, it has the highest number of Michelin starred restaurants in the UK according to a recent report in The Daily Telegraph. With more restaurants per head than anywhere else in the UK, when it comes to eating out locals are spoiled for choice. Mr Whitson (Rettie & Co.) said: “Edinburgh is a culinary destination with many Michelin starred restaurants and a rising street food scene.” He recommends going to New Town for a lively meal. 10 to 10 Delhi, a little Indian eatery, is very good value for money and has a cosy, intimate atmosphere. Panda and Sons and their sister bar Hoot the Redeemer are two of Edinburgh’s quirkier spots to get a drink. Panda and Sons, disguised as an old-fashioned barber shop and hidden behind a secret bookcase doorway, has an impressive selection of bespoke cocktails. For a night out, locals and visitors head to George Street in New Town, which has a number of pubs, fun bars and restaurants. In Old Town, Cowgate is popular with students and young professionals. Dragonfly, just off the Grassmarket, popular with both young and older crowds, has an outstanding selection of reasonably priced drinks.
Are there any annual events hosted in Edinburgh?
Mr McNeill (CKD Galbraith) said that during the summer months the city was transformed into the world’s festival capital and Edinburgh’s population was said to double! The International Film Festival kicks things off at the beginning of June. A number of others follow, including The Edinburgh Jazz and Blues Festival, which is a firm favourite, but the most popular is the Edinburgh Fringe Festival, the world’s largest arts festival. The Edinburgh Fringe Festival runs from August 5 to August 29 each year. Edinburgh Festival Theatre is renowned as a fantastic venue which hosts a variety of large events throughout the year. The New Year's Eve celebrations in Edinburgh are spectacular too. Hogmanay, as it’s otherwise known, involves a beautiful torchlight procession, street parties and a concert in Princes Street Gardens, ending the night with a stunning display of fireworks. Thousands flock to Edinburgh’s pubs for this celebration.
Are there many open spaces in Edinburgh such as parks, commons or rivers?
Green open spaces are aplenty for when you feel like seeking out a peaceful spot. Blackford Hill and Hermitage of Braid have some brilliant scenic walks. There is also a very pretty canal nearby, and a path alongside it which is ideal for a stroll.
What are the top things to do in Edinburgh?
For the top things to do in Edinburgh, Mr Whitson (Rettie & Co.) recommends hiking up Arthur’s Seat – an extinct volcano – because it has the most breathtakingly beautiful views of the city. As far as Edinburgh attractions go, Edinburgh Castle is often overwhelmed with tourists and can be somewhat stressful to visit. Residents should go to its lesser-known version, Craigmillar Castle. Set in green gardens, it is one of the best medieval castles in Scotland. Much of the castle’s structure is in surprisingly good order, which means you can explore from the roof of the tower house, all the way down to the dark basement, where a skeleton was found in the early 19th century. Needless to say, children enjoy this just as much as adults.
Where are the best places to visit with children in Edinburgh?
The Royal Botanic Gardens are a special place to go with children, who love learning about the plants. Edinburgh Zoo, home to the only pandas and koalas in Britain, is also a favourite with children. The Water of Leith Walkway, which meanders through the city out into Leith, provides a lovely background for a ramble with family or to walk the dog.
What leisure facilities are available in Edinburgh?
Edinburgh is a famous sporting city and has two football stadiums, Tynecastle Stadium and Easter Road, which are home to Hearts and Hibernian respectively. Murrayfield Stadium is the heart of Scottish rugby but also hosts lively music concerts. Seeing a Scottish National Rugby game is another recommendation from Mr Whitson (Rettie & Co.), as the atmosphere in Murrayfield is unique. Sporting facilities are plentiful and residents have the choice of 24-hour gyms, including The Gym and PureGym. There is a Virgin Active in New Town, which has a spa, swimming pool and tennis courts. For something more upmarket, One Spa has specialist equipment such as its Thermal Suite and boasts a blissful rooftop hydro swimming pool and luxury changing facilities.
Insider's guide: Top tip for getting off the beaten track in Edinburgh
If you put into Google the words ‘Edinburgh Innertube’, you’ll be presented with a bunch of colourful lines that make up a map – similar to that of the London Underground. However, this map actually highlights around 75km of pathways for cyclists to explore along abandoned railway lines. The route starts from Cramond in the northwest and extends to Musselburgh in the southeast, and in between there is plenty to see. For those who live in Edinburgh, it’s a great way of discovering some of the lesser-known parts of their hometown.
All information is correct at 27/11/15