09.11.2018

Where to invest in buy to let in England and Wales?

Knight Knox Investment Property Agent

Where to invest in buy to let in England and…

New data from Manchester-based online estate agency yieldit reveals the best locations to invest in buy-to-let across England and Wales.

The data, gathered from the agency’s current available properties, shows that there is a clear difference in regions when it comes to investing in residential buy to let, with a 2.5% difference in NET yields between the best performing and worst performing regions.

Of its available residential properties the Midlands came out on top, with average NET yields of 6.6% including properties in Nottingham and popular commuter town, Tipton.

Yorkshire, the North East, Wales and the North West followed, with each region commanding average NET yields of 5.5% and higher. Of this bracket Yorkshire led the pack at 5.7%, with areas like Bradford and Scarborough performing particularly well, producing NET yields in excess of 6%.

The South East and East of England lagged behind with averages of 4.4% and 4.1% respectively. Importantly though the data shows that London pulled down the average of the South East with NET yields of just 3.7%.

Conversely areas like Folkestone in Kent bucked the trend with NET yields of 5.8%, thanks to its revival as a coastal commuter hotspot under an hour from the capital, further boosted by investment into its Creative Quarter which has become the home of numerous successful businesses.

Head of Sales at yieldit, Ryan Hughes, said: “As always it’s interesting to look at which areas are performing the best in terms of NET yields. It’s no surprise to see the Midlands leading the way with attractive asking prices and rising tenant demand.”

Data from Birmingham Live confirms the popularity of the city, showing that in 2017 7,620 people left London in order to move to Birmingham, making it the most popular destination for Londoners in England.

He added “It’s clear that high property prices in the South and London have had a negative impact on NET yields and as such investors are looking further afield. As renters continue to abandon the capital in favour of our regional cities we are seeing landlords follow – a trend that shows no sign of abating any time soon.”

Average NET yield by region according to yieldit’s available properties:
  • Midlands – 6.6%
  • Yorkshire – 5.7%
  • North East – 5.6%
  • Wales – 5.6%
  • North West – 5.5%
  • South East – 4.4%
  • Wales – 5.6%
  • East of England - 4.1%
Looking to release some equity and sell your buy-to-let property?  Request a valuation today with yieldit.
Knight Knox Investment Property Agent

Marketing Manager for Knight Knox, one of the UK's leading Property Investment companies.

Are you looking to;

Comments

Retail & Services

Ergonomic Workstation Assessments

 R & A Office Environments Ltd offer full in depth workstation assessments to assist…
Business Management

Welding linked to Lung Cancer - even in mild steel

The HSE are clamping down in enforcement for welding activities as there is evdience that…
Property

3 Myths every Architect should know about Principal...

Myth 1: The Principal Designer can only be a single person under CDM 2015 They can be an…

More Articles

Property

3 Myths every Property Developer should know

Myth 1: I don’t need to worry about health and safety on my projects because that is the…
Media

Free novels for the lucky winner.

Free novels for the lucky winner. Win a free copy of Arcadia’s Children: Samantha’s…
Media

TV Contacts wanted

Looking for contacts with TV, Script writers with contacts. Have two published scify…

Would you like to promote an article ?

Post articles and opinions on Manchester Professionals to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.

Find the right professionals in Manchester

View The Full Index

Search By:

Submit your Enquiry here

Enquiry Details

Contact Details