Yes! Glasgow boasts some of the best rental returns in the UK. It’s Scotland’s largest city (fifth largest city in the UK), with Glasgow City’s population at just over 600,000.
A good way to locate potential investment areas is to keep an eye out for new developments, corporate companies opening headquarters and any new public transport links coming to Glasgow. This will give you good insight into areas within Glasgow that may offer good buy-to-let investment opportunities. We have listed a few districts in Glasgow that are popular for buy-to-let investors.
Let’s take a look a few areas:
Garnethill and Yorkhill, both of which are located on the outskirts of the West End offer more reasonable purchase prices for property investors. These areas have also proven to be extremely popular for renters due to the more affordable rents, whilst still being within a close proximity to the West End. Average rental yield in these areas is around 5-6%.
Dennistoun is undergoing regeneration, and is within walking distance to the City Centre and ideally located for the motorway network. Average rental yields here are around 6%.
Kinning Park has been increasing in popularity, with new corporate developments promising further rental demand. An example would be Barclays new Clydeside Headquarters which has driven a lot of investment in the area.
It is stated to be bringing 2500 jobs to the area and has generated a lot of interest for property investors. Another G41 area, Shawlands, has steadily grown in popularity, offering many trendy coffee shops and cafes, whilst being right on Queen’s Park. Average rental yields here are around 4-5%.
There’s a wide variety to suit every preference, from traditional Glasgow tenements to modern city centre developments. It ultimately comes down to what you are looking to achieve from your investment property. We have listed some current average rental returns below:
- Glasgow: 5.8%
- Scotland: 5.2%
- Edinburgh: 5%
- London: 3.8%