Why are the yields so high on paper?

Low capital values against reasonable rents. The gap is common repairs, void risk and stock condition — all visible in the title deeds and the last factor’s statement.

The property manager for a shared building. Their statement and arrears position tell you more about the real cost than the listing does.

United Kingdom · GBP

Glasgowreal estate

Glasgow is Scotland’s largest city and the cheapest major UK metro per square metre — a tenement market where the common repair bill is the whole risk.

London Manchester Birmingham Edinburgh Leeds

Land Registry path

Leasehold term checked

3D map

+2%non-resident SDLT surcharge in England

+5%additional-dwelling surcharge on the whole price

Exchangethe moment an offer becomes a contract

Leaseholdmost flats — term, ground rent, service charge

What a purchase really costs

£500,000 home in Glasgow

Stamp duty (slice bands) — LBTT: £23,350
Legal, searches & Land Registry (≈0.4%): £2,000
Survey (≈0.2%): £1,000
Cash needed at completion: £526,350

≈ +5.3% over the price. Scotland is a different tax and a different contract: LBTT with 8% ADS, and missives that bind earlier than an English exchange. In England and Wales an offer binds nobody until exchange — gazumping is legal, which is why the survey and the searches come before the celebration. A second or additional dwelling adds 5% SDLT on the whole price.

Rentals run on rules

The let side, in three lines

A tenant deposit must sit in a government-approved protection scheme within 30 days — unprotected deposits cost the landlord up to three times the sum.
The Renters’ Rights Act ends assured shorthold fixed terms and section 21 no-fault eviction; possession now runs through stated statutory grounds.
An EPC of E or better is required to let, and a leasehold flat carries ground rent, service charge and a term that shortens every year.

Yield on a leasehold flat is service charge minus optimism. Read the last three years of accounts and the cladding/EWS1 file.

Cities

Six metros, two tax systems

England and Northern Ireland pay SDLT; Scotland pays LBTT on its own bands and binds at missives, not exchange. Edinburgh and London are not the same transaction with different weather.

Most central stock is pre-1919 tenement flats. Roof, close and structural repairs are shared across the stair under the title deeds and the Tenements (Scotland) Act, and one absent or insolvent neighbour can stall a necessary job for years.

The West End and the Southside carry the premium and the depth; the East End is cheap with a genuine condition tail. Glasgow also operates the Scottish short-term let licensing scheme.

LBTT applies, with 8% ADS on an additional dwelling. There is no non-resident surcharge in Scotland, which makes the overseas maths here different from England.

FAQ

Why are the yields so high on paper?: Low capital values against reasonable rents. The gap is common repairs, void risk and stock condition — all visible in the title deeds and the last factor’s statement.
What is a factor?: The property manager for a shared building. Their statement and arrears position tell you more about the real cost than the listing does.

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