10 Hotspots in the UK for your Buy to Let Property

11th May 2017 / in Mortgages, News / by Neil Carruthers

10 Hotspots in the UK for your Buy to Let Property

One of the key things when buying a property is to find out which area you’ll get the best return on your investment. An area where you can do this needs to offer the best rental yields and potential for capital growth.

The latest buy-to-let “hotspots” include Leeds, Liverpool and Glasgow. Read on for the 10 hotspots in the UK for your buy to let property in 2017.

Source: Aspen Woolf, UK & International Property Investment Service, 2017

1.
Postcode Area: M
Area: Manchester
Average Value of Property: £177,686
No. of sales in the last 12 months: 11625
Current average asking price: £202,484
Current average rental price (pcm): £1,339
Buy to Let Yield (%): 7.94

2.
Postcode Area: CF
Area: Cardiff
Average Value of Property: £187,337
No. of sales in the last 12 months: 12356
Current average asking price: £173,850
Current average rental price (pcm): £1,054
Buy to Let Yield (%): 7.28

3.
Postcode Area: LS
Area: Leeds
Average Value of Property: £225,551
No. of sales in the last 12 months: 10339
Current average asking price: £204,072
Current average rental price (pcm): £1,217
Buy to Let Yield (%): 7.16

Whether it’s your first time in the buy to let world or you’re expanding your property portfolio, we have the specialist knowledge you need to get a buy to let mortgage. For more information, contact us.

We do not charge a fee for our services, we receive commission from the provider.

4.
Postcode Area: L
Area: Liverpool
Average Value of Property: £164,590
No. of sales in the last 12 months: 6859
Current average asking price: £175,641
Current average rental price (pcm): £1,027
Buy to Let Yield (%): 7.02

5.
Postcode Area: WS
Area: Walsall
Average Value of Property: £195,383
No. of sales in the last 12 months: 4995
Current average asking price: £193,944
Current average rental price (pcm): £1,106
Buy to Let Yield (%): 6.84

6.
Postcode Area: NE
Area: Newcastle Upon Tyne
Average Value of Property: £184,224
No. of sales in the last 12 months: 12850
Current average asking price: £173,666
Current average rental price (pcm): £873
Buy to Let Yield (%): 6.03

7.
Postcode Area: S
Area: Sheffield
Average Value of Property: £194,673
No. of sales in the last 12 months: 6693
Current average asking price: £180,126
Current average rental price (pcm): £888
Buy to Let Yield (%): 5.92

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8.
Postcode Area: G
Area: Glasgow
Average Value of Property: £182,716
No. of sales in the last 12 months: 16454
Current average asking price: £165,046
Current average rental price (pcm): £786
Buy to Let Yield (%): 5.71

9.
Postcode Area: B
Area: Birmingham
Average Value of Property: £189,898
No. of sales in the last 12 months: 10396
Current average asking price: £203,990
Current average rental price (pcm): £921
Buy to Let Yield (%): 5.42

10.
Postcode Area: SR
Area: Sunderland
Average Value of Property: £134,891
No. of sales in the last 12 months: 2282
Current average asking price: £133,028
Current average rental price (pcm): £587
Buy to Let Yield (%): 5.3

We could help you secure your buy to let mortgage whether you’re just starting out or whether you’re adding another property to your portfolio. Enquire today, freephone 0800 211 8700 or fill in our contact form.

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