South Lanarkshire

Josh Wood

Josh Wood - Clyde Property

“The rental market in South Lanarkshire shows no signs of slowing down. In quarter three we have experienced continued demand for larger, quality rental homes, particularly 3 and 4 bedroom properties in and around the Hamilton area. As these larger properties are rarer to the market, the average TTL has decreased and the rental yield increased. If it is buy to let investments with higher yields you seek, then look no further than the South Lanarkshire market.”

Market Overview - Q3 2017

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 £395 2.1% 6.8% 1.5% 44 6 14% 44%
2 bed £520 0.6% 8.8% 8.1% 36 -1 15% 51%
3 bed £681 0.0% 5.4% 6.2% 31 1 19% 64%
All £573 -2.6% 1.4% 2.5% 36 0 16% 53%

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
2017 106.3 106.4 105.5  

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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