South Lanarkshire

David Kendall

David Kendall - Let's Make Homes

“High rental demand throughout South & North Lanarkshire has continued, showing little sign of any seasonal slowdown towards the end of the year, which gives strong confidence for a buoyant lettings market as we enter 2017. Investors have seen capital returns of over 7% across Lanarkshire during 2016. This fact combined with the ability to also achieve rental returns in excess of 7% have further heightened the appeal of the area for serious landlords. With the long awaited M8, M74, A725 roads infrastructure due for completion in early 2017, travelling times will be vastly reduced across the Central Belt making Lanarkshire a prime choice for potential tenants.”

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 £389 3.7% 4.6% 1.6% 32 -5 12% 49%
2 bed £518 3.0% 7.7% 8.6% 30 -4 17% 53%
3 bed £670 2.6% 8.4% 6.5% 25 -5 23% 66%
4 bed £981 -1.4% 5.9% 14.3% 23 -17 31% 69%
Total £572 1.2% 7.9% 8.3% 29 -5 18% 55%

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 99.3 101.3 102.4
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

Market Composition

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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