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Where to invest in an HMO in Edinburgh

Edinburgh has many thousands of HMO bed spaces.
October 4, 2019 No Comments

Where to invest in an HMO in Edinburgh


Posted by Daniel Denisiuk in Blog

Best Edinburgh HMO locations

Edinburgh, the capital of Scotland, is a thriving student city with four universities. Undergraduate and postgraduate students, 60,500 in total, this constitutes 12% of the city population (513 thousand in 2017). 27.5% of the higher education students in Scotland in 2017 live in Edinburgh.

At the end of 2017 there were only 19,000 purpose-built student bed spaces in Edinburgh. So, where do the remaining 41 thousand students live? The answer is simple: mostly in HMO (Houses of Multiple Occupancy) flats.

The most popular HMO areas in Edinburgh

Students population is dispersed around Edinburgh, but there are some neighbourhoods more suitable for multiple occupancy student accommodation. The areas must be close to a university and not too far away from the city centre. In our opinion the best areas to invest in HMO in Edinburgh are:

Bruntsfield

As the Edinburgh Letting Centre is based in Bruntsfield, so we are not entirely impartial about this location. It is a lively area with many shops, cafes, restaurants and pubs. Napier University (Colinton campus) and Edinburgh University are within walking distance, and so is the Old Town with its many attractions.

Marchmont

Proximity to the Meadows and Edinburgh University attracts thousands of students to Marchmont. City centre is a short walk away. Most students living there will not need to use public transport, as everything is within walking distance.

Morningside

This area is situated further away from the city centre, but the charm if its traditional architecture, abundance of clubs and pubs and the proximity to Napier University are a magnet for a multitude of students. 

Newington

Proximity to Edinburgh University and Old Town explains the number of student halls and private HMO accommodation in Newington.

As specialists in Houses of Multiple Occupation, we are able to advise on the suitability of a property for an HMO licence. This can be a great way of optimising the potential income in your property investment as well as providing accommodation for the student population.


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