Area Guide For Edinburgh

Edinburgh is the capital city of Scotland and the seat of the Scottish Parliament. It is the second biggest city in Scotland and the seventh most crowded in the United Kingdom. The City of Edinburgh Committee represents one of Scotland's 32 neighborhood government chamber territories. The board region incorporates urban Edinburgh and a 30 square miles (78â km) rustic zone. Found in the south-east of Scotland, Edinburgh lies on the east shore of the Focal Cinch, along the Firth of Forward, close to the North Ocean. The city was one of the recorded significant focuses of the Edification, drove by the College of Edinburgh, serving to gain it the handle Athens of the North. The Old Town and New Town locale of Edinburgh were recorded as an UNESCO World Legacy Site in 1995 in distinguishment of the exceptional character of the Medieval Old Town and the arranged Georgian New Town. It covers both the Old and New Towns together with the Senior member Town and the Calton Slope territories. There are more than 4,500 recorded structures inside the city. In May 2010, it had a sum of 40 protection zones covering 23% of the building stock and 23% of the populace.


Edinburgh Map

Estimated Price: £272,784
Average Asking Price: £303,209
Price change in last one year: £26,301
Average Price Paid: £230,466
Average Rent Rates: £1,027


Property Prices Breakdown in Edinburgh

Average Price for property in Edinburgh is around £272,784 which varies based on type of property you are interested in and ranges from £550,337 for detached house to around £353,535 for semi-detached. Similarly terraced house is around £362,094 and a flat is worth £212,778. Values have been changing and have risen £4,213 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,319 in last 6 months, £26,301 in last 1 year, £34,399 in last 2 years, £38,123 in last 3 years, £41,346 in last 4 years and £35,422 in last 5 years.

Currently average asking price of a property in Edinburgh is around £303,209 based on approximately 7,851 properties for sale. Same is the case with rental options based on 746 properties up for rent, average asking rent is around £1,027 per month.

Estimated property value in Edinburgh is £272,784. Average asking price is £303,209 while average price paid is £235,841 which is up by £26,301 and Avg. asking rent £1,027.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Edinburgh area. In last 1 year alone average price buyer paid is around £235,841 based on approximately 7,851 sales in Edinburgh area alone. If you compare it to last 3 years sales of 21,413 properties where buyers paid around £230,305. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £230,466 for 32,574 and average amount paid for purchase of approx. 46,767 properties sold in last 7 years comes to about £229,486 per sale.


Properties For Sale in Edinburgh


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £107,703, £164,001 for a 2 bedroom house, £269,111 for a 3 bedroom house, £463,294 for a 4 bedroom house and £886,578 for a 5 bedroom house. For a flat similarly the prices varies from £125,261 for a single bedroom to £194,163 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £290,972, £429,675 for a 4 bedroom flat and £502,222 for a 5 bedroom flat. To sum up the asking prices for properties in Edinburgh it comes to around average £124,245 for 1 bedroom property, £190,393 for 2 bedroom, £282,578 for 3 bedroom, £453,789 for 4 bedroom and £848,978 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £631 for 1 bedroom to £792 for 2 bedrooms, £1,192 for 3 bedrooms, £1,559 for 4 bedrooms and £2,676 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £691. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £909, £1,259 for 3 bedroom, £1,804 for 4 bedroom and around £2,183 for 5 bedroom flat. You should be generally be expecting around average £684 rent per month for single bedroom property, £901 for 2 bedroom, £1,246 for 3 bedroom, £1,701 for 4 bedroom and approximately £2,397 for a 5 bedroom property in Edinburgh area.

Popular Houses in Edinburgh

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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