Revealed - new league table of best places for buy to...

A new study by a mortgages website says it reveals the best places for buy to let investors to purchase properties.

Money co uk Mortgages analysed the change in UK house and rent prices, estimated gross rental yield and rental demand to reveal the best areas to invest in rental property in England and Wales.

Leeds ranks as the joint-top best place for property investors to purchase rental properties, alongside Bristol.

The average house price in Leeds last year was £246,876, a 14.9 per cent increase from 2021. The average rent in Leeds has increased by 13.6 per cent to £795 per month (£9,540 annually), which brings it to an estimated 3.9 per cent gross rental yield.

Meanwhile Bristol recorded a 14.4 per cent increase in average house prices and a 14.3 per cent increase in average rent. The rental yield of a property in Bristol is 3.9 per cent.

Bolton ranks in third place with a rental yield of 3.8 per cent; it saw a 13.6 per cent increase in house prices from 2021 to 2022.

However, the area with the best rental returns alone - ignoring capital growth - is Blackpool with a 4.7 per cent estimated gross rental yield.

The best areas to invest in rental property

Rank	Area	Annual house price difference	Annual rent price difference	Estimated gross rental yield	Rental demand /10	Rental returns score /10
1	Leeds	14.9%	13.6%	3.9%	6.6	9.2
2	Bristol	14.4%	14.3%	3.9%	6.7	9.2
3	Bolton	13.6%	10.9%	3.8%	7.5	9.1
4	Tameside	14.9%	9.2%	3.6%	7.2	9.0
5	Milton Keynes	16.2%	8.9%	3.7%	6.1	8.8
6	Salford	11.9%	9.7%	4.4%	8.9	8.7
7	Gloucester	12.3%	10.8%	3.6%	6.8	8.3
8	Sandwell	12.0%	9.4%	4.1%	6.5	8.3
9	Oldham	14.7%	8.7%	3.8%	5.5	8.3
10	Pendle	15.4%	4.7%	4.2%	6.3	8.2

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