The EH1 property market is characterised by its overwhelming concentration of flats, which account for approximately 90.7% of housing stock according to ONS Census 2021 data. Our current listing data shows 55 flats available with an average price of £407,991, while terraced properties remain scarce with just one listing currently on the market at £490,000. This scarcity of houses explains why the few available terraced properties command premium prices in Edinburgh's Old Town. The lack of new-build developments in EH1 means the limited existing stock drives most transaction activity.
One-bedroom properties represent the most accessible entry point to EH1, with 25 listings averaging £280,180. These properties attract first-time buyers and investors targeting the strong rental market driven by Edinburgh's universities, financial sector, and tourism industry. Two-bedroom flats, ideal for professionals or couples, number 25 listings at an average of £399,600, forming the backbone of the mid-market segment. The rental market here is particularly robust, with DJ Alexander dominating with 17 rental listings at an average of £2,266 per month.
The market for larger properties is limited but active, with seven three-bedroom flats averaging £449,286 and nine four-bedroom properties reaching £877,778 on average. Properties with six or more bedrooms remain exceptionally rare with just one listing at £1,100,000. The premium end of the market, particularly properties over £1 million, typically consists of period conversions in historic buildings or luxury units in developments like New Eidyn at St James Quarter. Our analysis shows these higher-value properties often take longer to sell, requiring agents with specific networks of high-net-worth buyers.