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South Lanarkshire

Josh Wood

Josh Wood - Clyde Property

“Q1 of 2018 has seen Lanarkshire’s buoyant Private Rented Sector off to a great start. As ever there is a huge demand for larger, quality rental homes and as a result we have seen an increase in the average rent obtained. In particular, three and four bedroom houses in and around the Hamilton area continue to perform strongly and make for a great investment for any landlord looking to expand their portfolio.”

Market Overview - Q1 2018

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 £407 3.8% 11.2% 4.6% 42 4 16% 44%
2 bed £521 0.6% 9.0% 4.4% 40 0 14% 48%
3 bed £677 -2.2% 14.0% 12.8% 31 -9 18% 57%
4 bed £1,086 -0.2% 32.8% 20.7% 55 3 7% 43%
Total £581 0.7% 12.6% 7.0% 40 0 15% 48%

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)

YearQ1Q2Q3Q4
2008 100.0 99.3 101.3 102.4
2009 103.3 96.7 95.6 103.3
2010 104.1 99.4 99.8 104.8
2011 96.3 99.4 100.4 97.2
2012 100.6 99.3 102.9 97.8
2013 95.0 96.3 97.2 97.6
2014 95.9 103.1 104.1 95.6
2015 101.8 104.1 102.4 104.1
2016 101.1 105.3 108.3 105.3
2017 106.3 106.4 105.5 109.2
2018 107.0      

Market Composition

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Yield by Popular Postcode (Flats):

Postcode20172018201920202021
G71 5.40% 5.50% 5.90% 4.90% 6.1%
G72 8.30% 7.50% 7.50% 7.40% 8.2%
G73 7.00% 6.60% 6.80% 6.60% 6.5%
G74 6.80% 7.00% 6.60% 6.70% 6.6%
G75 8.90% 8.80% 8.70% 7.90% 8.0%
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Flats to rent in South Lanarkshire Houses to rent in South Lanarkshire
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