Not so grim up north as yields beat the rest of the UK

Not so grim up north as yields beat the rest of the UK


Todays other news
Sarah Thompson is Group Financial Services Director at Mortgage Scout,...
Simon Bones is the founder and CEO of Genous, a...
Perhaps the greatest issue with commonhold is a lack of...


New research shows that the average rental yield in Britain has remained at roughly 4.2 per cent throughout the pandemic.

Regionally, the North West continues to top the table with the highest rental yield at 5.4 per cent; Scotland has 5.1 per cent.

Yorkshire and the Humber, the North East, Wales, the West Midlands and London also come above the national average at between 4.3 and 4.8 per cent.

Daniel Jackson, sales director at Sequre Property Investment – which commissioned the research – says: “The property industry has shown impressive resilience throughout the pandemic, but even the most optimistic of landlords were probably expecting profitability to take a dive during such uncertain times.

”Yet yields have refused to show any notable levels of decline and the buy-to-let sector remains a very strong investment option at present. The reason is that, even though house prices have gone up by an average of 10 per cent, rent values have gone up by more still, 11 per cent, to negate any negative hit on yields.

“Northern Britain remains the best, most rewarding place for buy to let landlords and investors to build their portfolios.”

Table shows British regions ranked from highest latest yield to lowest, listed alongside average house and rent prices from Jan 2020 and the latest available 2021 figures

Location

AveHP – July 2021 (latest)

Ave Rent pm – Sept 2021

Rental yield – latest

North West

£185,171

£830

5.4%

Scotland

£177,166

£755

5.1%

Yorkshire & Humber

£180,324

£725

4.8%

North East

£144,935

£578

4.8%

Wales

£187,960

£734

4.7%

West Midlands 

£220,759

£797

4.3%

London

£494,673

£1,752

4.3%

South West

£277,178

£971

4.2%

East Midlands

£214,169

£735

4.1%

East 

£312,076

£1,021

3.9%

South East

£354,278

£1,139

3.9%

England

£270,973

£950

4.2%

Great Britain

£258,464

£912

4.2%

Sources – UK HPI, Homelet average rent

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
This is according to a report in the Financial Times...
The change comes into effect on June 23...
And that doesn't include interest on the loan......
A new survey conducted by a letting agency group...
A paper is to be published after the May local...
Wandsworth council proved the tenant was not the owner...
Recommended for you
Latest Features
Sarah Thompson is Group Financial Services Director at Mortgage Scout,...
Simon Bones is the founder and CEO of Genous, a...
Perhaps the greatest issue with commonhold is a lack of...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.