Top 8 Cheapest places to buy investment property in Edinburgh, Scotland

Uncover the most cheapest places to buy investment property in Edinburgh, Scotland featuring budget-friendly options without sacrificing charm.

While Edinburgh, Scotland's enchanting capital, boasts an array of opulent neighborhoods, it simultaneously offers a plethora of affordable property options for discerning buyers. Beyond the highly coveted locales such as the Old Town, Dean Village, Murrayfield, and The Braids, prospective homeowners can explore a variety of reasonably priced houses and flats throughout the city. Drawing upon data from the preceding twelve months (1st September 2023 to 31st August 2024), we present an analysis of the eight  cheapest places to buy investment property in Edinburgh.

1. Oxgangs

Average Property Price: £162,243

Nestled approximately three miles from the city center, Oxgangs is a residential suburb in southern Edinburgh, originally conceived as a council estate during the mid-20th century. This area features a diverse architectural landscape, including low-rise flats, semi-detached homes, and terraced houses. With a family-friendly atmosphere, Oxgangs is replete with local amenities such as schools, shops, and healthcare facilities. Its proximity to the verdant Pentland Hills and various parks provides ample opportunities for outdoor recreation. The suburb boasts robust public transport links and a strong sense of community, attracting a diverse demographic, including families and long-term residents.

2. Sighthill

Average Property Price: £166,037

Sighthill, located approximately four miles from the city center, presents a medley of housing options, from high-rise flats to terraced homes and contemporary developments. Despite its industrial heritage, the neighborhood has evolved to include a wealth of local services encompassing education and healthcare, alongside numerous shops and parks. Home to Edinburgh College’s Sighthill Campus, the area has undergone significant regeneration, enhancing housing and community facilities, thus appealing to younger families seeking a vibrant community.

3. Stenhouse

Average Property Price: £167,897

A relaxed residential enclave situated about three miles from the city center, Stenhouse predominantly features housing constructed in the 1930s, ranging from charming cottages to semi-detached homes and flats. The area is equipped with essential local amenities, including schools, small shops, and health services, while more extensive shopping options are available in nearby Gorgie or Corstorphine.

4. Gorgie

Average Property Price: £172,232

Gorgie offers unparalleled convenience for accessing the city’s primary commercial and financial districts. The neighborhood is characterized by traditional tenement flats, complemented by a recent influx of new developments. Gorgie Road is lined with local shops catering to a variety of needs, from banking to postal services, alongside dental and medical facilities. For leisure activities, Saughton Park and the Fountain Park Leisure Complex are within close proximity. Educational institutions cater to all age groups, from nursery to senior levels, with Edinburgh Napier University nearby for those pursuing higher education.

5. Crewe

Average Property Price: £177,719

Located in northwest Edinburgh, approximately three miles from the city center, Crewe is a charming neighborhood offering a blend of housing types, from cozy starter flats to spacious family homes. The area is well-served by shops for everyday necessities and regular bus services facilitating access to the city center for more extensive retail options. Educational facilities for both primary and secondary levels are conveniently located within the vicinity, along with the Ainslie Park Leisure Centre, which boasts a range of sports facilities and a swimming pool.

6. Saughton

Average Property Price: £184,861

Situated just west of the city center, Saughton is an appealing residential area that caters to a diverse demographic, including first-time buyers, young families, and those seeking additional space. The housing stock encompasses flats, terraced homes, and larger villas, with an average selling price of £184,861, rendering it an economically viable option within the capital. Local shops fulfill everyday needs, while larger retail centers such as Corstorphine, the Gyle Shopping Centre, and Hermiston Gate Retail Park are a short drive away. The area also boasts a commendable selection of educational institutions, including early learning centers and primary schools.

7. Gracemount

Average Property Price: £186,020

Gracemount, located in southern Edinburgh, offers a tranquil suburban atmosphere while remaining easily accessible to the city center. This predominantly residential area features a mix of modern flats, semi-detached homes, and traditional council housing. The community is characterized by a friendly vibe, with a diverse population comprising families, young professionals, and long-standing residents. Gracemount’s proximity to green spaces, such as Gracemount Park and the expansive Braid Hills, provides ample opportunities for outdoor activities. The Gracemount Leisure Centre further enhances the area’s appeal, offering a gym, swimming pool, and sports courts.

8. Niddrie

Average Property Price: £193,209

Niddrie, located in the southeast of Edinburgh, presents a unique blend of experiences, particularly as the area has undergone substantial regeneration in recent years. Local amenities include shops catering to everyday needs, as well as supermarkets and larger retail outlets at the nearby Fort Kinnaird shopping center, which also features a cinema and a variety of dining options. Public transport is readily available, with regular bus services connecting residents to the city center and other parts of Edinburgh. Overall, Niddrie is a neighborhood in transition, merging older charm with contemporary developments, making it an attractive and affordable option for those seeking proximity to the city’s amenities.

Budget-Friendly Housing Options in Edinburgh

The aforementioned areas have witnessed a robust influx of properties entering the market over the past year. However, several additional neighborhoods warrant consideration for those seeking affordable housing. While the volume of properties available may be lower than in areas such as Gorgie, Stenhouse, and Niddrie, it is prudent to remain vigilant for opportunities in neighborhoods like West Pilton, Wester Hailes, Peffermill, and Broomhouse.