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Renfrewshire

Denise Rhodes

Denise Rhodes - Belvoir Lettings

“Belvoir entered the market in Renfrewshire in 2009 and it has never been as buoyant as now. Demand is outstripping supply for quality properties and consequently rents are increasing. As always, houses are in particular demand, with well presented 2 or 3 bed ex local authority properties in decent areas giving excellent returns.”

Market Overview - Q3 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 £382 -2.3% 7.6% 5.2% 39 5 15% 52%
2 bed £509 0.0% 7.4% 4.9% 37 5 9% 52%
3 bed £655 -1.8% 8.4% 7.9% 38 10 8% 54%
4 bed £1,064 -4.7% 18.2% 8.9% 28 -10 15% 62%
Total £528 -0.6% 10.0% 6.5% 38 6 11% 53%

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 99.8 104.0 100.0
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  

Market Composition

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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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Flats to rent in Renfrewshire Houses to rent in Renfrewshire
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