Renfrewshire

Jacqueline McLelland

Jacqueline McLelland - Castle Residential

“With the fairer seasons approaching, one can detect a change in the rental market. Where the demand for smaller properties has increased, overtaking the demand for larger ones. The market proves to be strong, rental prices seem to be on the increase more so for 1-2 bedrooms, however we have found the demand for family homes is still steady. There also seems to be no preference for furnished or unfurnished properties, compared to past experience, all seem to be very popular thus allowing landlords flexibility and the properties to let themselves.”

Market Overview - Q1 2025

BedsAverage
Rent
Rent Change
1yr
Rent Change
5yrs
Rent Change
10yrs
Av. TTL
(days)
TTL Change
YoY
Let within
a week
Let within
a month
1 bed £597 -1.2% 46.3% 68.6% 18 5 35% 77%
2 bed £824 2.2% 53.7% 71.7% 26 4 21% 63%
3 bed £1,000 0.1% 42.7% 56.7% 24 -7 14% 59%
All £826 -0.1% 50.2% 72.8% 23 0 25% 67%

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 107.5 107.5 106.1 108.2
2017 102.9 108.6 111.3 110.3
2018 107.1 110.9 110.7 109.2
2019 109.0 112.8 114.3 113.4
2020 115.3 109.9 117.6 120.8
2021 119.5 120.3 125.8 134.6
2022 130.8 132.7 137.7 149.5
2023 153.2 156.2 164.2 167.3
2024 173.4 170.6 171.9 173.4
2025 173.2      

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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