How much do letting agents charge in New Town?

The landlord pays, never the tenant: charging tenants is unlawful throughout Scotland. Our fees are the same in New Town as everywhere we work. Let Only is a fixed one-off fee, Let & Rent Collection and Full Management are a percentage of the rent collected, and there are no set-up, renewal or exit fees. The whole schedule is published on our fees page.

Do I need to register as a landlord to let in New Town?

Yes. New Town sits in City of Edinburgh Council's area, so you register with City of Edinburgh Council before the property is marketed. Registration lasts three years, your registration number must appear in every advert, and letting while unregistered risks a fine of up to £50,000.

What rent should I expect in New Town?

As a guide across Edinburgh, one-bedroom property lets at around £1,075 pcm, two-bedroom at around £1,495 pcm and three-bedroom at around £1,975 pcm. New Town varies street by street, which is what the free valuation is for: a figure for your property, with the comparable lets behind it.

Are new homes being built in New Town?

Yes. The new build atlas places 1 site in and around New Town, 0 of them under construction. New homes bring first owners who later move on and let, and tenants who want a modern home near the same schools and stations.

Georgian front door with iron railings in Edinburgh's New Town

City of Edinburgh Council · EH1, EH2, EH3

Letting agents in New Town

Georgian terraces between Princes Street and Canonmills. Listed-building constraints make upgrades slower and more expensive, but the rents are the highest in Scotland.

Free New Town valuation See our fees

Rents across Edinburgh

One bedroom: £1,075
Two bedrooms: £1,495
Three bedrooms: £1,975
Typical gross yield: 4.8%

A guide for the council area. New Town is priced to the street in your valuation.

Who rents here

Letting a property in New Town

Senior professionals, diplomatic and corporate lets, relocating executives.

We let and manage property across the whole of City of Edinburgh Council’s area, and price each town on its own comparables rather than the council average. The wider picture, what drives demand and what the register says about prices, is on the Edinburgh page.

Getting around

Typical off-peak times from New Town. Approximate, door to door.

Waverley station≈10 min walk
Princes Street≈5 min walk
St Andrew Square tram≈5 min walk

New homes coming to New Town

Our new build atlas places 1 site in and around New Town, 0 of them under construction. Every new estate produces landlords a few years on, when first owners move and let rather than sell.

New Town Quarter, Ediston / Orion Capital Managers: 350 homes

See the new build map →

What homes sell for in City of Edinburgh

2023

Median sale price: £268,961
Since 2018: Up 22%
Middle half of sales: £195,000 to £390,000
Homes sold in 2023: 10,052

Sale prices for the whole of City of Edinburgh, not just the neighbourhoods we cover, so treat them as the backdrop rather than a valuation. Source: Registers of Scotland, via statistics.gov.scot, Open Government Licence v3.0. 2023 is the most recent year published.

Council tax in Edinburgh

2026-27

The year’s bill by band: City of Edinburgh Council’s council tax with Scottish Water’s water and waste water charges, which arrive on the same bill.

Band A: £1,518.91
Band B: £1,772.07
Band C: £2,025.22
Band D: £2,278.37
Band E: £2,933.73
Band F: £3,584.57
Band G: £4,271.55
Band H: £5,288.46

Council tax up 4% on 2025-26, when band D was £1,563.51. Source: Council Tax bands, City of Edinburgh Council, checked 7 September 2026. All four councils side by side.

What we do for New Town landlords

Three levels of service, the same price for every landlord. Our fees include VAT at 20%. Nothing is added to the figures shown.

Let Only

£795once

We find the tenant, carry out the checks and put the tenancy in place. From the day it starts, the property is yours to run.

Let & Rent Collection

10%of rent collected

We let the property and then look after the money: collecting, chasing and accounting for the rent, and handling the tenancy paperwork throughout.

III

Full Management

12%of rent collected

The whole of the tenancy, run for you: repairs, safety compliance, inspections and everything that follows from them.

The full schedule of fees

Questions

Letting property in New Town

How much do letting agents charge in New Town?: The landlord pays, never the tenant: charging tenants is unlawful throughout Scotland. Our fees are the same in New Town as everywhere we work. Let Only is a fixed one-off fee, Let & Rent Collection and Full Management are a percentage of the rent collected, and there are no set-up, renewal or exit fees. The whole schedule is published on our fees page.
Who rents in New Town?: Senior professionals, diplomatic and corporate lets, relocating executives.
Do I need to register as a landlord to let in New Town?: Yes. New Town sits in City of Edinburgh Council's area, so you register with City of Edinburgh Council before the property is marketed. Registration lasts three years, your registration number must appear in every advert, and letting while unregistered risks a fine of up to £50,000.
What rent should I expect in New Town?: As a guide across Edinburgh, one-bedroom property lets at around £1,075 pcm, two-bedroom at around £1,495 pcm and three-bedroom at around £1,975 pcm. New Town varies street by street, which is what the free valuation is for: a figure for your property, with the comparable lets behind it.
Are new homes being built in New Town?: Yes. The new build atlas places 1 site in and around New Town, 0 of them under construction. New homes bring first owners who later move on and let, and tenants who want a modern home near the same schools and stations.

Find out what your New Town property should be letting for.

A free valuation priced to the street, with the comparable lets behind it. No obligation, and no pressure afterwards.

Get your free New Town valuation