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Renfrewshire

Renfrewshire saw a 4.9% rise over the year in a quickening market with average TTLs at 33 days, 5 days faster than last year.

Market Overview - Q3 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	£391	4.3%	6.8%	11.7%	34	-4	15%	53%
2 bed	£509	4.5%	4.9%	8.3%	32	-7	14%	54%
3 bed	£667	5.2%	9.2%	2.8%	28	-11	16%	68%
All	£531	4.9%	7.3%	9.7%	32	-6	14%	55%

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	108.6	111.3

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%

Jacqueline McLelland - Castle Residential

“Q3 is the time of the student, with HMO properties being re-let bringing in a batch of new student tenants and safety checks to stay on top of. During the period, there is no drop in demand for standard short assured tenancies, making it the busiest time for year for our agency. Higher end one bedroom and three bedroom properties have been the most popular recently. There has also been an influx of landlords choosing to rent through our agency rather than go through the process of qualification with the pending registration scheme so close.”

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Flats to rent in Renfrewshire Houses to rent in Renfrewshire