Let Property, North Berwick.
These charming coastal towns offer the perfect blend of idyllic seaside living, rich history, and superb connectivity to Edinburgh, especially with new train links in East Linton and existing links from North Berwick and Longniddry.
We’re seeing exceptional interest in properties of all shapes and sizes, particularly larger family houses. Demand for these larger houses comes mainly from families relocating into the area who are not yet ready to buy. They are often starting new jobs, and don’t yet know the area. Their children may be starting at new schools and until they are settled and established, they prefer the flexibility that renting offers.
In almost all cases, these families have their own furniture so are seeking un-furnished accommodation. Rental levels between £2,500 and £3,500 per month being achieved for 4 and 5-bedroom houses, and some reaching in excess of £6,000/month in North Berwick.
Smaller flats and villas get snapped up so fast, they are often only on the market for a matter of days with rents frequently ranging from £1,400 - £2,000/month.
A common misperception with prospective landlords in East Lothian comes when they look to see what similar properties to theirs are renting for. When they find no examples on the market, they wrongly assume that there must be no market, when the exact opposite is the case.
At Rettie, we’re ready to help you capitalize on this supply shortage. If you own a property in one of these prestigious areas and are considering renting it, we would love to talk.