Brighton has been named the most profitable city to invest in for buy-to-let landlords in the UK.
Landlords investing in Brighton’s buy-to-let market can typically expect to make an average monthly profit of £668.95, according to the study by CIA Landlord, which took the average property price, mortgage costs, average rent, and monthly costs and profit into consideration.
London ranks as the second most profitable city to invest in a buy-to-let property, followed by Leeds, Bristol, and Manchester.
Also featured in the top 10 cities to invest in property are Nottingham, Belfast, Newcastle, Glasgow, and Coventry.
|
Rank |
City |
Average Property Price |
Mortgage Cost |
Average Rent |
Monthly Mortgage |
Monthly Landlord Costs* |
Monthly Profit** |
|
1 |
Brighton |
£ 365,250 |
£ 261,762 |
£ 1,993 |
£ 1,261.83 |
£ 62.22 |
£ 668.95 |
|
2 |
London |
£ 475,458 |
£ 340,744 |
£ 2,275 |
£ 1,642.56 |
£ 62.22 |
£ 570.22 |
|
3 |
Leeds |
£ 189,738 |
£ 135,978 |
£ 1,150 |
£ 655.49 |
£ 62.22 |
£ 432.29 |
|
4 |
Bristol |
£ 286,432 |
£ 205,276 |
£ 1,400 |
£ 989.53 |
£ 62.22 |
£ 348.25 |
|
5 |
Manchester |
£ 185,333 |
£ 132,821 |
£ 997 |
£ 640.27 |
£ 62.22 |
£ 294.51 |
|
6 |
Nottingham |
£ 147,667 |
£ 105,828 |
£ 849 |
£ 510.14 |
£ 62.22 |
£ 276.64 |
|
7 |
Belfast |
£ 133,620 |
£ 95,761 |
£ 732 |
£ 461.62 |
£ 55.31 |
£ 215.07 |
|
8 |
Newcastle |
£ 164,596 |
£ 117,960 |
£ 833 |
£ 568.63 |
£ 62.22 |
£ 202.15 |
|
9 |
Glasgow |
£ 136,516 |
£ 97,836 |
£ 690 |
£ 471.62 |
£ 54.06 |
£ 164.32 |
|
10 |
Coventry |
£ 190,220 |
£ 136,324 |
£ 875 |
£ 657.15 |
£ 62.22 |
£ 155.63 |
Top 10 places to become a landlord based on average property price, mortgage costs, average rent and monthly costs and profit.
Solihull has been ranked the worst place to currently invest in buy-to-let property.
Due to the cost of a mortgage, monthly fees and rent charge, there are a number of locations you might find yourself at a loss in profit per month.
The table below shows the worst cities to become a landlord in 2020.
|
Rank |
City |
Average Property Price |
Mortgage Cost |
Average Rent |
Monthly Mortgage |
Monthly Landlord Costs* |
Monthly Profit** |
|
1 |
Solihull |
£ 288,068 |
£ 206,448.73 |
£ 850 |
£ 995.19 |
£ 62.22 |
-£ 207.41 |
|
2 |
Sheffield |
£ 171,848 |
£ 123,157.73 |
£ 550 |
£ 593.68 |
£ 62.22 |
-£ 105.90 |
|
3 |
Bradford |
£ 138,017 |
£ 98,912.18 |
£ 494 |
£ 476.81 |
£ 62.22 |
-£ 45.03 |
|
4 |
Wakefield |
£ 151,743 |
£ 108,749.15 |
£ 576 |
£ 524.23 |
£ 62.22 |
-£ 10.45 |
The cities where you’d make a loss becoming a landlord.
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