Property prices in Renfrewshire

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Latest prices in Renfrewshire for Detached properties

The latest figures show that the average price for a Detached property in Renfrewshire has now reached £327,915 as of Feb 2024. This value is based upon the average value of completed property transactions in the month of February.

Average prices for a Detached property have increased substantially over the longer term in Renfrewshire. Back in January 2004, prices for this type of property averaged £150,632 based on sales at the time. Fast forward to January 2024, and averages reached £330,528 - representing a growth of 119% over 20 years.

This substantial triple-digit percentage rise in Detached property values far outpaced broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep price inflation seen for Detached homes in Renfrewshire over the past 2 decades.

Our data is sourced directly from HM Land Registry and their UK House Price Index report. This dataset is updated several times a year and we always attempt to have the most up to data information available.

The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. Properties have been included in England and Wales since January 1995, in Scotland since January 2004, and in Northern Ireland since January 2005, Data is available at a national and regional level, as well as counties, local authorities and London boroughs.

Cited from HM Land Registry

Detached prices in Renfrewshire over the last 12 months

Mar 2023£315,928
Apr 2023£321,757
May 2023£322,742
Jun 2023£327,853
Jul 2023£324,408
Aug 2023£330,085
Sep 2023£331,432
Oct 2023£329,695
Nov 2023£320,040
Dec 2023£317,430
Jan 2024£330,528
Feb 2024£327,915

Recent trends for prices in Renfrewshire

The latest figures from February 2024 indicate the property market in Renfrewshire continues to show rising price trends. Compared to January, 2024, average prices increased by 0.5% to £156,618. On an annual basis, average property prices have increased 7.3% since 12 months ago.

In terms of sales activity, there were 271 residential property transactions completed in Renfrewshire during February, 2024. Of these purchases, 179 were financed with a mortgage while 92 were all-cash sales. For cash buyers, average prices have changed by 0.2% since January, 2024, coming in at around £128,229. For properties purchased with a mortgage, the average price changed by 0.6% since January, 2024, to £168,177.

Compared to the overall picture in its national parent Scotland, the average property price in Renfrewshire are lower than the current national average of £187,807. While Renfrewshire saw a change of 0.5% over the last month, Scotland as a whole recorded a percentage change of -0.6% in average property values. And on an annual basis, prices across Scotland have grown by 5.6%, less than the 7.3% yearly change seen in Renfrewshire.

Interested in purchasing a property in Renfrewshire? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.

Average price in Renfrewshire by housing type

Prices last recorded in February, 2024











Prices by housing type in Renfrewshire

Recent data shows that price growth has varied across different property types in Renfrewshire over the last year. For terraced houses, property prices changed by 0.4% between February 2024 and January 2024 to reach £134,148, and changed by 6.9% over the last 12 months. The annual change was less than the 4.7% change seen for terraced homes in Scotland overall.

Meanwhile, semi-detached properties saw a rise in average prices locally, taking them to £190,135 in January 2024. This represents a 0.6% change from the same month last year.This is outperforming the 6.4% annual change in semi-detached values across the country.

Detached homes in Renfrewshire gained 1.4% month-over-month to reach an average of £327,915. Annually, detached property values have changed by 12.7%. This is stronger price growth compared to Scotland's 7.3% change for detached houses over the year.

For apartments and flats, average prices increased by 0.2% between February and January 2024, hitting £95,116. Over the last 12 months, apartment values have changed by 4.7%, lagging Scotland's flat and apartment growth rate of 4.7%.

Overall, detached properties have seen the strongest price momentum locally over the past year, with a change of 12.7%, while flat properties lagged, with a change of 4.7%.

Recent purchases in Renfrewshire

According to data from HM Land Registry, there were 271 completed property purchases in the area of Renfrewshire in February 2024. Of these sales, 92 were recorded as cash purchases whilst 179 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by 8.2% and the percentage of properties purchased with cash has changed by 5.2%.

The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the website

Looking for a specific property type?

Use one of the following links to find more specific information about the type of property you're looking for in renfrewshire.

All property prices in renfrewshire

Semi-Detached property prices in renfrewshire

Terraced property prices in renfrewshire

Flat & Apartment property prices in renfrewshire

First Time Buyer prices in renfrewshire

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