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Renfrewshire

Colin Roe - Let It

“The first Quarter of 2017 has seen a considerable boost in tenants from last year up a staggering 30% in Renfrewshire. This seems to be driven by a more buoyant sales market allowing tenants to move on and free up stock. Landlords are still opting to sell properties in some cases where concern for the sector is growing pending the implementation of the new PRT in December. Only time will tell what the full effects will look like but having recently attended the Propertymark conference in Glasgow the new PRT is definitely not favourable to potential (or existing) landlords, make no mistake.”

Market Overview - Q1 2017

Beds	Average 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	£386	0.3%	6.3%	8.7%	45	7	13%	39%
2 bed	£491	-5.2%	1.2%	1.0%	42	2	13%	45%
3 bed	£633	-3.2%	3.8%	2.4%	40	11	9%	53%
4 bed	£1,008	35.8%	5.7%	13.6%	32	5	0%	50%
Total	£491	-4.3%	2.3%	1.9%	43	4	12%	44%

Average Rent (pcm) by Number of Bedrooms

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Average Time To Let (TTL) by Number of Bedrooms

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Rental Index (base Q1 2008)

Year	Q1	Q2	Q3	Q4
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	108.2
2017	102.9

Market Composition

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Yield by Popular Postcode (Flats):

Postcode	2017	2018	2019	2020	2021
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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Flats to rent in Renfrewshire Houses to rent in Renfrewshire