West Dunbartonshire Lettings Market: great potential for landlords
As a letting market, West Dunbartonshire can be often overlooked but offers great potential for landlords. At Caledonia Property, we have been a letting agent in the area for more than 20 years and manage 400 properties locally from our offices in Dumbarton and Clydebank, making us the biggest local agent. We have been witnessed all the ups and downs of the local market, but one thing is for sure in our experience – long term investment in local property is generally a great idea.
With popular local pockets like Dumbarton, Clydebank, Old Kilpatrick, Bowling, Helensburgh or Balloch, properties to let are generally popular and find good long term tenants quickly. As an extra perk, the value of local property has been slowly but very steadily gaining due to the good commuting links, good amenities and steady investment in the area’s infrastructure. Overall, West Dunbartonshire offers a good level of interest from tenants and healthy property values growth – two very attractive points for any property investor.
Key to good investments: commuting and local amenities
West Dunbartonshire is first and foremost a commuter destination, many of our tenants are professionals looking for affordable lets with good links to the city of Glasgow and beyond. As such, easy access to commuting links as well as local shops, schools and leisure destinations.
Beyond local tenants looking for good commute and affordable rents, the area has a steady flow of tourists, attracted by Loch Lomond, local whisky distilleries, charming villages like Helensburgh and Luss.
The mixed character of the area offers an interesting value proposition to tenants of various demographics and with different needs, so we see almost instant enquiries for properties of all shapes and sizes. For the last couple of years, keeping up with the demand has been our only challenge, with lots of interest for properties as soon as they get listed. Local property rents out at anything between £295pcm for one-bedroom flats to over £1,000pcm for detached family homes* (rental rates current to August 2019)
Regeneration projects add to West Dunbartonshire’s potential
Clydebank, Alexandria and Dumbarton are all subjects to extensive regeneration projects being continued over the next few years and seeing new property and civic spaces being developed. This is always a good sign for existing property, which consequently gets more interest and gains value from infrastructure investment.
If you are thinking of investing locally or letting property speak to our local teams, we are the biggest local agent, letting and selling more property locally than any other agent. Our certified letting team is perfectly prepared to manage your property, keeping up with all the ever-changing compliance, rules and regulations around letting. As a plus, you have peace of mind with our Rent Guaranteed. Rent Guarantee offers you peace of mind should any difficult situation should occur with your tenant. The policy will pay rent arrears until vacant possession, cover up to £2,500 rent per month and give £50,000 legal expenses in order to obtain vacant possession of the property if it becomes necessary to have the tenant legally evicted from the property.
As one of West of Scotland’s longest established estate agents, Caledonia Property have helped locals buy, rent, let and sell properties quickly, and with the minimum of hassle. Get in touch with our team on 0333 241 3333 today or send us a message to find out more.