City of Edinburgh: Property, Schools and Retirement Costs
Across the 3 City of Edinburgh locations we cover, the average property price is £350,000 and Band D council tax averages £1,626. South Queensferry is the most expensive at £370,000, Corstorphine the least at £320,000.
Across the 3 City of Edinburgh locations we cover, the average property price is £350,000 and Band D council tax averages £1,626. South Queensferry is the most expensive at £370,000, Corstorphine the least at £320,000.
Buying a home in City of Edinburgh
The county average is £350,000. Schools in Scotland are inspected by Education Scotland rather than Ofsted, so there are no Ofsted grades; check individual inspection reports. School quality is the main reason prices differ between towns a few miles apart.
A 10% deposit on the county average is £35,000. South Queensferry runs 6% above that average, so the same deposit reaches further in Corstorphine.
Average property price across City of Edinburgh
Later life and property wealth in City of Edinburgh
Owners aged 55 and over across City of Edinburgh sit on an average £350,000 of property value. Typical release at 65 is around £119,000, and interest compounds against the estate from day one.
Downsizing within the county is the alternative most people skip. It costs fees and stamp duty but carries no compounding interest. Both routes are compared in the town guides below.
Retirement costs across City of Edinburgh
Band D council tax averages £1,626 across these locations. That is £136 a month before anything else. Authorities set their own rate, so the bill can change with a short move.
Housing is the fixed line in any retirement budget. Each town guide converts the local figure into the pot needed to cover it at a 4% withdrawal rate.
Towns at a glance
| Town | Average price | Band D | Good or better schools | Guides |
|---|---|---|---|---|
| South Queensferry | £370,000 | £1,626 | 0 | Mortgage, Equity release, Pensions |
| Portobello | £360,000 | £1,626 | 0 | Mortgage, Equity release, Pensions |
| Corstorphine | £320,000 | £1,626 | 0 | Mortgage, Equity release, Pensions |
Compare towns directly
Side by side on price, deposit, schools and running costs.
Ask about Corstorphine
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Guides across City of Edinburgh
- Corstorphine: School Catchments and House Prices in Corstorphine, The Real Cost of Buying a First Home in Corstorphine, Downsizing in Corstorphine: What You Would Actually Release, Council Tax in Corstorphine: What Band D Really Costs
- Portobello: School Catchments and House Prices in Portobello, How Much Deposit Do You Need to Buy in Portobello?, The Real Cost of Buying a First Home in Portobello, What a Lifetime Mortgage Really Costs in Portobello, Downsizing in Portobello: What You Would Actually Release, Inheritance Tax on a Portobello Home, Stamp Duty on a Portobello Home
- South Queensferry: School Catchments and House Prices in South Queensferry, The Real Cost of Buying a First Home in South Queensferry, Downsizing in South Queensferry: What You Would Actually Release
Check broadband before you make an offer in City of Edinburgh
Broadband speeds can vary street by street in City of Edinburgh, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
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Questions people ask
Where are house prices highest in City of Edinburgh?
How much is council tax in City of Edinburgh?
Does That's Family Finance cover the whole of City of Edinburgh?
How do I check broadband speed at a property in City of Edinburgh?
Your home may be repossessed if you do not keep up repayments on your mortgage.