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Important things to consider when buying Property in Edinburgh. 4 Mar, 2021 In 2020, legislation was passed by The Scottish Government to implement minimum EPC (Energy Performance Certificate) standards required in rental properties and it was due to come into force in Spring 2020.
This was initially delayed until October 2020 to give landlords more time to bring affected properties up to the new required efficiency standard, but due to the ongoing Coronavirus pandemic, the delayed implementation date was also scrapped. Currently, the new regulations are paused until further notice due to the ongoing impact of Coronavirus on the construction and private rented sectors. What’s in the new regulations? In an attempt to improve the energy efficiency throughout the Private Rented Sector, the regulations require rental properties to have an EPC rating of D or higher. The government plans to set out the regulations later this year when they will provide detailed guidance and revised timescales on the requirements. How Covid-19 gave meaning purpose Umega letting agents Edinburgh?
Best Quality Property Management Service in Edinburgh. Rental Properties Search Edinburgh. Edinburgh Flat Rental services by Umega Lettings.
Get a list of great Houses to rent in Edinburgh with Umega letting. Tenant Edinburgh renting from a private landlord- what to know. Free property valuation Edinburgh with Umega lettings. Tenant Edinburgh renting from a private landlord- what to know. Tenant Edinburgh renting from a private landlord- what to know. The Umega Staff Property Fund comes to life! - Umega Lettings : umegaletting. Best property management and lettings in Edinburgh. Find mid to long-term apartment rentals in Edinburgh. Description BOOK VIEWINGS ONLINE at Umega website!
This two double bedroom apartment in the sought-after Quartermile development is exceptionally spacious and finished to a high standard throughout. Benefiting from a lovely quiet position on the lower ground floor, and a sun terrace off the lounge, this apartment is not to be missed! Comprising; Entrance hall with large storage cupboard, very spacious open plan lounge, kitchen and dining area with large utility closet, large master bedroom with en-suite shower room and built-in wardrobes, further good-sized double bedroom with built-in wardrobes and bathroom with shower over bath. Umega Lettings are an award-winning letting agency! Rental Properties Search Edinburgh. Rental Properties Search Edinburgh. Trusted, friendly & reliable letting in Edinburgh. Search for the best edinburgh apartment rentals, umega lettings. Purchase date – June 2013Address – Marchmont RoadPurchase Price – £290,000 (£5,000 upgrading spend)Rent – £2,100pcmGross yield – £8.5% (initial yield was 7.1% at £1,750pcm rent) We sourced this 3 bedroom property in prime student territory during the summer of 2013 then spent £5,000 carrying out some minor upgrades and converting the property into a 4 bedroom HMO property.
The property initially let for £1,750pcm and now rents for £2,100pcm which, based on the initial purchase price is a gross yield of 8.5%. The 2017 value of this property is c £380,000 so that’s capital growth of £85,000 in 4 years (that’s not to mention how much higher over the valuation a buyer would pay to get their hands on such a prime property).
Edinburgh Buildings. Why should I use a property management Edinburgh company? Property Management Edinburgh: Here’s some reasons why it might make more sense, financially and emotionally, to employ a property management company in Edinburgh.
Changing Legislation can be a minefield – Legislation surrounding lettings is being tightened up throughout the UK with Scotland leading the charge on areas around property safety, landlord responsibilities and tenant rights. The goalposts of what is expected of a landlord seem to be moving several times each year and it’s hard for landlords to keep tabs on what they’re supposed to do. A property management company in Edinburgh will keep on top of things for you. Maximising rents – a property management company in Edinburgh will know the market inside out. Rents can differ from one street to the next and between two slightly different apartments within the same block. Property management fees in Edinburgh tend to be between 9% and 12.5% of the monthly rent (+VAT). Find the best Edinburgh letting agents for your property.