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% |
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