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TODAY'S OTHER NEWS

The best letter and number combination for the highest rental income unveiled

New research has looked at the best postcode combinations for a profitable buy-to-let investment, and found that outcodes (the first half of a postcode) beginning with a W bring the highest rental values at £1,734 per calendar month (pcm), while incodes (the second half of a postcode) starting with a 6 bring the highest rental values at £1,217pcm.

The study by combined lettings inventory and property compliance specialists, VeriSmart, which assessed the value of a postcode when it comes to the initial letters and numbers that form it, shows that the best buy-to-let bingo postcode for the highest rental yield would be Wxx 6xx.

Where the outcode is concerned the next best options are:

E: £1,559

S: £1,470

U: £1,362

K: £1,360

Whereas the next best numbers you are looking for in the incode are:

7: £1,217

0: £1,117

4: £1,170

9: £1,170

The lowest combination would be Fxx 3xx, with an average monthly rent of £539 in outcodes starting with an F and £1,086 in incodes starting with a 3. 

Jonathan Senior, founder of VeriSmart, said: “Successive changes to buy-to-let rules and regulations have seen many landlords turn their back on the sector. However, it remains a lucrative business and for those that do their research and remain on top of the changes, the UK property market can still provide a good return on their investment.

“The key to finding  a profitable buy-to-let is to analyse the market on the most granular level possible and while this research is just a bit of fun, it does highlight how rental prices vary drastically across criteria like postcode, as well as other factors like property type and proximity to sought after amenities.”

Outcode letter

Average rent per month

W

£1,734

E

£1,559

S

£1,470

U

£1,362

K

£1,360

N

£1,268

O

£1,148

I

£1,136

R

£1,121

G

£1,063

T

£1,033

H

£1,029

B

£959

A

£910

C

£909

M

£887

L

£758

Y

£726

P

£724

D

£649

F

£539

 

Incode letter

Average rent per month

6

£1,217

7

£1,209

0

£1,177

4

£1,170

9

£1,170

5

£1,147

1

£1,113

2

£1,109

8

£1,105

3

£1,086

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