Renfrewshire

Denise Rhodes

Denise Rhodes - Belvoir

“Tenant demand for quality rental properties of any size continues to increase steadily in Renfrewshire. We have seen a marked increase in enquiries from investment landlords. Paisley is of particular interest as tenant demand is high and property prices are relatively low resulting in very good yields. We expect the recent reduction in interest rates will make participation in the private rental sector even more attractive to investors.”

Market Overview - Q3 2016

BedsAverage
Rent
Rent Change
1yr
Rent Change
3yrs
Rent Change
5yrs
Av. TTL
(days)
TTL Change
YoY
Let within
a week
Let within
a month
1 bed £375 3.9% 5.6% 3.9% 38 -7 12% 49%
2 bed £487 -2.2% 2.7% 3.6% 39 -6 16% 49%
3 bed £634 -2.9% 5.0% -0.9% 39 -6 14% 43%
4 bed £964 11.8% 7.1% 13.3% 32 0 13% 63%
Total £506 0.6% 5.4% 5.0% 38 -7 14% 49%

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Rental Index (base Q1 2008)

YearQ1Q2Q3Q4
2008 100.0 99.8 104.0 100.0
2009 98.7 99.0 96.2 96.2
2010 104.6 96.6 101.9 100.0
2011 98.5 99.4 101.0 100.8
2012 101.0 101.5 101.5 99.8
2013 97.5 100.6 100.6 102.9
2014 100.6 98.1 103.8 104.0
2015 100.2 108.6 105.5 104.8
2016 107.5 107.5 106.1  

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
PA1 7.10% 7.50% 7.00% 7.40% 7.3%
PA2 7.00% 6.70% 6.90% 6.40% 6.6%
PA3 9.60% 9.80% 8.90% 8.40% 8.4%
PA4 7.80% 7.90% 7.20% 7.70% 7.3%
PA5 9.10% 8.80% 8.70% 8.20% 7.8%
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