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Renfrewshire

Matt McCusker - Castle Residential

“Q1 has been strong for Castle Residential as always. There tends to be no such thing as a festive hangover in letting or sales any longer as both tenants and buyers understand how fast paced thier markets truly are. The demand for 2-3 bedroom, main door properties with garden space has been particularly high and there seems to be no sign of trepidation with a potential Brexit looming.”

Market Overview - Q1 2019

Beds	Average 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	£395	-0.8%	8.8%	11.9%	32	-2	12%	53%
2 bed	£525	0.2%	8.2%	10.8%	37	0	12%	50%
3 bed	£663	4.6%	8.7%	11.6%	38	4	7%	50%
All	£520	1.8%	8.3%	10.4%	36	0	11%	51%

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	110.3
2018	107.1	110.9	110.7	109.2
2019	109.0

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%

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Flats to rent in Renfrewshire Houses to rent in Renfrewshire