Renfrewshire

Colin Roe

Colin Roe - Let It

“The end of 2016 seen a higher number of landlords putting their properties on the sales market than in previous years reducing available stock even further. On a positive note, however, more investment landlords are on the hunt for new stock to grow existing portfolios so 2017 is looking a little brighter. Rents remain on the increase almost everywhere for 1 and 2 bedroom apartments.”

Market Overview - Q4 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 £381 2.7% 3.8% 4.1% 36 6 13% 55%
2 bed £513 6.9% 7.5% 8.7% 32 -9 14% 56%
3 bed £659 -1.5% 3.9% 4.3% 31 -1 14% 62%
4 bed £1,021 5.0% 14.3% 15.2% 19 -14 22% 78%
Total £516 3.2% 5.1% 7.3% 33 -3 14% 57%

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

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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