City of Edinburgh Council · EH1, EH8
Letting agents in Old Town
The Royal Mile, Grassmarket and Cowgate. Characterful, often listed, and heavily affected by short-term let planning rules.
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. Old Town is priced to the street in your valuation.
Who rents here
Letting a property in Old Town
Students, city-centre workers, and shorter professional tenancies.
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 Old Town. Approximate, door to door.
- Waverley station≈10 min walk
- University of Edinburgh≈10 min walk
- Royal Mile≈5 min walk
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 Old 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.
I
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.
II
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.
Questions
Letting property in Old Town
- How much do letting agents charge in Old Town?
- The landlord pays, never the tenant: charging tenants is unlawful throughout Scotland. Our fees are the same in Old 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 Old Town?
- Students, city-centre workers, and shorter professional tenancies.
- Do I need to register as a landlord to let in Old Town?
- Yes. Old 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 Old 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. Old Town varies street by street, which is what the free valuation is for: a figure for your property, with the comparable lets behind it.
Find out what your Old 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.