The UK’s top buy-to-let property hotspots unveiled

The UK’s top buy-to-let property hotspots unveiled

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Buy-to-let landlords can still expect to achieve double-digit yields when investing up north, fresh research shows.

A new survey by TotallyMoney provides both an interesting insight into the market and a useful tool for buy-to-let landlords, revealing that the north of England, and in particular Liverpool, currently offers the highest rental yields.

The research, which analysed more than 500,000 properties that were marketed for sale online in October 2017 across over 2,700 postcodes, once again reveals a clear geographical divide between the north and the south of the country with northern regions coming out on top and the South East in particular showing particularly poorly. This is illustrated by the fact that not one region in the South East features in the top 25 UK postcodes in terms of yields for investors.

 

Top 25 BTL Hotspots Postcode Postcode Town Properties for Rent Median Rental Value Properties for Sale Median Asking Price Avg.Yield
1 L7 Liverpool 177 £1,224 79 £116,259 12.63%
2 L6 Liverpool 217 £959 133 £108,898 10.57%
3 L15 Liverpool 227 £1,214 241 £141,566 10.29%
4 PL4 Plymouth 334 1,315 271 £155,437 10.15%
5 TS1 Cleveland 146 £541 81 £64,507 10.06%
6 PR1 Preston 431 £1,027 586 £122,695 10.04%
7 DY5 Dudley 53 £1,145 96 £143,527 9.57%
8 NG1 Nottingham 79 £1,258 125 £169,521 8.91%
9 BD1 Bradford 226 £478 82 £64,903 8.84%
10 L1 Kirkcaldy 105 £892 368 £124,254 8.61%
11 L3 Liverpool 167 £1,035 716 £146,712 8.47%
12 NE6 North East 425 £826 229 £117,863 8.41%
13 HD1 Huddersfield 127 £724 151 £104,394 8.32%
14 M6 Manchester 130 £1,035 94 £150,550 8.25%
15 LS6 Leeds 1128 £1,482 43 £217,154 8.19%
16 S2 Sheffield 238 £702 122 £104,376 8.07%
17 NE1 North East 308 £1,152 115 £172,225 8.02%
18 L5 Liverpool 45 £574 145 £86,245 7.99%
19 M14 Manchester 279 £1,335 78 £200,852 7.98%
20 SR1 Sunderland 107 £539 32 £82,125 7.87%
21 L8 Liverpool 169 £841 168 £135,323 7.45%
22 CF37 Cardiff 128 £844 209 £136,267 7.43%
23 G3 Glasgow 37 £1,178 30 £192,032 7.36%
24 AB11 Aberdeen 198 £762 31 £125,125 7.30%
25 NE2 North East 555 £1,250 118 £205,479 7.30%

 

25 BTL Coldspots Postcode Town Properties for Rent Median Rental Value Properties for Sale Median Asking Price Avg.Yield
1036 NW7 London 171 £1,948 309 £1,010,503 2.31%
1037 SW8 London 576 £2,685 1185 £1,403,592 2.29%
1038 N20 London 90 £2,442 185 £1,284,812 2.28%
1039 BN3 Brighton 167 £1,665 313 £876,105 2.28%
1040 N10 London 200 £1,747 222 £923,278 2.27%
1041 NW5 London 184 £2,088 179 £1,111,065 2.25%
1042 HD9 Huddersfield 35 £679 222 £364,310 2.23%
1043 SO41 Southampton 47 £1,286 350 £695,635 2.21%
1044 HP23 Hemel Hempstead 35 £1,092 138 £593,300 2.20%
1045 EN6 Enfield 75 £1,304 320 £710,537 2.20%
1046 SL8 Slough 35 £1,425 52 £778,236 2.19%
1047 KT20 Kingston upon Thames 32 £1,702 189 £967,397 2.11%
1048 HA6 Harrow 129 £1,736 190 £987,810 2.10%
1049 GL53 Gloucester 40 £877 55 £516,842 2.03%
1050 LS18 Leeds 42 £512 45 £302,086 2.03%
1051 BR7 Bromley 31 £1,414 132 £854,160 1.98%
1052 B15 Birmingham 83 £963 75 £587,683 1.96%
1053 NW11 London 498 £2,456 282 £1,523,534 1.93%
1054 EX8 Exeter 38 £717 139 £448,774 1.91%
1055 SL1 Slough 381 £1,071 499 £674,362 1.90%
1056 BH14 Bournemouth 81 £1,293 229 £831,035 1.86%
1057 N6 London 172 £2,899 197 £1,971,822 1.76%
1058 B70 Birmingham 52 £633 82 £450,639 1.68%
1059 N2 London 230 £3,702 186 £2,994,317 1.48%
1060 BH13 Bournemouth 72 £1,714 202 £1,456,539 1.41%

 

Joe Gardiner, head of brand and communications at TotallyMoney, said: “Realising a decent return on a buy-to-let rental property is becoming increasingly difficult. Property prices continue to rise steadily, albeit more slowly, and rule changes have made lenders more cautious.

“Prospective landlords need to go into property investment armed with the facts: they need to be on top of their credit report, compare the market for the best buy-to-let mortgage rates and focus on property investment in areas that can give them the highest yield.

“The buy-to-let hotspots postcode map pinpoints postcodes and gives landlords a solid steer towards the opportunities that university city student lets offer.”

 

Click here to view the original article ‘The UK’s top buy-to-let property hotspots unveiled’

2017-11-17T11:34:37+00:00 November 17th, 2017|