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Renfrewshire

Chris Cockburn

Chris Cockburn - Let-it

“Q2 has continued to show fresh interest from new BTL investors with long term plans for growing their portfolio. We are finding rents are stable, if not increasing, with the PRT lease now bedded in. More than ever before, the presentation of a property is key, both from the landlord’s point of view and in turn how well the agent presents it. This demonstrates that the PRT lease is driving standards of rental stock upwards, which can only be a good thing.”

Market Overview - Q2 2019

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 £389 -0.3% 6.9% 10.5% 37 1 14% 54%
2 bed £526 1.7% 10.5% 12.6% 34 -5 13% 50%
3 bed £661 -1.5% 7.7% 11.5% 31 -3 16% 54%
4 bed £1,151 10.9% 36.5% 39.0% 42 10 9% 45%
Total £538 1.7% 15.0% 14.0% 35 -2 14% 52%

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 107.1 110.9 110.7 109.2
2019 109.0 112.8    

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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