Midlothian Council · EH26
Letting agents in Penicuik
The largest town in the west of the county, under the Pentlands and off the railway line, so it runs on the A701 and the bus. More self-contained than the eastern towns, with its own high street, and family houses that let to people who intend to stay.
Letting Agent Registration LARN2610004
Rents across Midlothian
- One bedroom
- £795
- Two bedrooms
- £1,050
- Three bedrooms
- £1,350
- Typical gross yield
- 5.9%
A guide for the council area. Penicuik is priced to the street in your valuation.
Who rents here
Letting a property in Penicuik
Families, Pentlands-facing outdoor types, and commuters willing to drive for more space.
We let and manage property across the whole of Midlothian 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 Midlothian page.
Getting around
Typical off-peak times from Penicuik. Approximate, door to door.
- Edinburgh city centre≈50 min by bus
- The Pentlands≈15 min walk
New homes coming to Penicuik
Our new build atlas places 10 sites in and around Penicuik, 6 of them under construction, with 489 homes counted on them in the councils’ own audits. Every new estate produces landlords a few years on, when first owners move and let rather than sell.
- Greenlaw and Adjacent Land Area D, Taylor Wimpey: 221 homes
- Mauricewood & Mauricewood North (at NW Penicuik), Cala Homes: 110 homes
- Mauricewood & Mauricewood North, NW Penicuik (Belwood Oaks), Cala Homes: 110 homes
What homes sell for in Midlothian
2025
- Median sale price
- £275,000
- Since 2020
- Up 34%
- Middle half of sales
- £190,000 to £404,250
- Homes sold in 2025
- 2,117
Sale prices for the whole of Midlothian, not just the neighbourhoods we cover, so treat them as the backdrop rather than a valuation. Source: Registers of Scotland house price statistics, Open Government Licence v3.0. 2025 is the most recent full year published.
Council tax across Midlothian
2026-27
The year’s bill by band: Midlothian Council’s council tax with Scottish Water’s water and waste water charges, which arrive on the same bill.
- Band A
- £1,645.65
- Band B
- £1,919.93
- Band C
- £2,194.20
- Band D
- £2,468.48
- Band E
- £3,183.51
- Band F
- £3,893.50
- Band G
- £4,643.85
- Band H
- £5,754.23
Council tax up 9% on 2025-26, when band D was £1,666.20. Source: Council Tax charges 2026-27, Midlothian Council, checked 10 November 2026. All four councils side by side.
What we do for Penicuik landlords
Two levels of service, the same price for every landlord. Our fees are shown before VAT. VAT at 20% is added to each one.
I
Let Only
£500+ VAT, once
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
Full Management
10%of rent collected, + VAT
We let the property and then run the whole of the tenancy for you: the rent, the paperwork, repairs, safety compliance, inspections and everything that follows from them.
Questions
Letting property in Penicuik
- How much do letting agents charge in Penicuik?
- The landlord pays, never the tenant: charging tenants is unlawful throughout Scotland. Our fees are the same in Penicuik as everywhere we work. Let Only is a fixed one-off fee, Full Management is a percentage of the rent collected with a letting fee taken from the first month's rent, and there are no upfront fees, so nothing is payable for letting your property until a tenant is in, and there is no exit fee. A renewal or an empty property is charged only at its published rate. The whole schedule is published on our fees page.
- Who rents in Penicuik?
- Families, Pentlands-facing outdoor types, and commuters willing to drive for more space.
- Do I need to register as a landlord to let in Penicuik?
- Yes. Penicuik sits in Midlothian Council's area, so you register with Midlothian 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 Penicuik?
- As a guide across Midlothian, one-bedroom property lets at around £795 pcm, two-bedroom at around £1,050 pcm and three-bedroom at around £1,350 pcm. Penicuik 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 Penicuik?
- Yes. The new build atlas places 10 sites in and around Penicuik, 6 of them under construction, and the councils' audits count 489 homes on them. 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 Penicuik property should be letting for.
A free valuation priced to the street, with the comparable lets behind it. No obligation, and no pressure afterwards.