Here at The Key Place, we can guide you to the right places to identify property values and yields in Edinburgh and, as well as that, we can provide you with other useful property related information so you can make sure you know all you need to know before making your future investments.
I was reminded of this the other day when I was chatting to a landlord of mine and he said that I was a font of useful information about the Edinburgh property market ..... at least I think he said useful!
This got me thinking that others may be interested in some ‘useful’ property facts about our City of Edinburgh ....
There are 4,264 streets in Edinburgh with 215,822 households, and just over 35% of those houses (78,387 to be precise) have changed hands in the last 10 years.
Compared to the national average, Edinburgh has far, far more flats and far far less houses – it 79% more flats compared to the national average and 54% less detached houses, 45% less semi detached houses and 34% less terraced houses. This ties in with Edinburgh having many, many tenements and having significantly higher single person property occupancy compared to the national average (40% vs 35%) and correspondingly more 2 person + households.
Edinburgh has less owned properties than the national average (59% vs 62%) and less Council/social renting than nationally (17% vs 24%). Overall this means that 24% of properties in Edinburgh are privately rented which is much higher than the national average of 14%.
We also have information at our fingertips on seemingly daft things which can turn out to be quite important. For example, 81% of properties in Edinburgh have gas central heating which is much higher than the national average of 74%. This is really useful to know when refurbishing a flat and considering whether you can ‘get away’ with electrical heating ..... it is less likely that you can in Edinburgh
I could go on but I better not!