A new study claims to show where landlords should invest in 2023, based on recent profits.
The website Money has looked at average yields in each UK local authority area, calculated by analysing the average house price and rent prices during 2022.
The top location was Blackpool which has a low average property price of £140,108 but has a slightly higher typical rent than similarly affordable areas at £550.
Nearby Barrow-in-Furness takes second place: the average property price is £141,360, with an average rent of £550.
Third is Burnley, with the lowest house prices in the country at £121,409, and average rents at £450.
Money also looked at 10-year price growth in local authorities, and drew up a separate league table.
Top of this list came Thanet with an average house prices soaring from £146,322 in August 2012 to £332,070 in August 2022, representing a 126.95 per cent increase.
Hastings comes second where average house prices have risen by 108 per cent in 10 years, while nearby Medway has seen 104 per cent capital appreciation in the last decade.
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I buy local to me, a max of a 1 hr drive from home, that way I can keep an eye on all my properties and carry out the repairs myself.
My properties are within 20 mtrs of each other , both p c l , no mortgage and they’re still a bloody nightmare , seriously considering selling up due to the incessant brain damage from gormless snowflake tenants
I’m amazed they don’t ask me to wipe their bottoms for them , maybe that’ll be next ?
I truly fear for the next generation
I also fear for the next generation, gormless snowflakes most have useless degrees but as for any common sense in the real hard world out there forget it
We’ve got a pigeon infestation on the roof , a flat roof I spent 40k on renovating and in the past year they’ve been up there - once . ONCE !
🤦♀️
That’s easy no need for analysis, buy anyway outside London where rents are very similar but the properties are half the price of London and a fraction of the Regulation’s.
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