This question depends on the purchase price of your property and rental amount achieved, but some generally good areas for top rental yields in Glasgow include:
- Yorkhill (G3)
- Garnethill (G3)
- Anniesland (G13)
- Dennistoun (G31)
- Kinning Park (G51)
We have detailed some real-life examples of some fantastic rental yields in the above areas:
Agents often sell a property based on gross rental yield, but how do you work this out?
Monthly rent multiplied by 12 Months (£695 x 12) = £8,340
Divide Annual Rental income by Purchase Price (£8,340/£125,000) = 6.67%
Anniesland – Netherton Road
Purchase price: £125,000 including all buying costs
Rental income: £695pcm
Gross rental yield – 6.7%
Anniesland – Linden Way
Purchase price: £90,000 including all buying costs
Rental income: £595pcm
Gross rental yield – 7.9%
Dennistoun – Whitehill Place
Purchase price: £125,000 including all buying costs
Rental income: £750pcm
Gross rental yield – 7.2%
Kinning Park – Middlesex Gardens
Purchase price: £115,000 including all buying costs
Rental income: £750pcm
Gross rental yield – 7.8%
When carefully selected, the above examples indicate that Glasgow property yields great returns on investment (ROI).
Work with the Yates Hellier Team
Experts in property portfolio management and investment in Glasgow, our team are ready to guide you on your journey to securing your future.