Press release: 15 March 2011
"Investors in the rental property market need to research their chosen location carefully in order to maximise potential yields," commented Doug Shephard, Director at Home.co.uk. "These top gross rental yields are highly attractive to buy-to-let investors. They more than cover typical mortgage interest payments and other expenses and offer a good potential return on capital."
The worst letting locations in terms of gross rental yield are dominated by the most expensive parts of London (Knightsbridge, Charing Cross, Soho, Holborn, Marylebone, Mayfair, The Strand, Regents Park, Bloomsbury) with typical rental yields between 3.6% and 4.3%. Outside of London, Margate gives the worst return for investors with a typical rental yield of 4.3%.
Landlords can research and compare all asking price trends and market rents in thousands of locations on the Home.co.uk Home Information pages eg House Prices Menu for Harrogate and Rental Market Summary for Harrogate.
NB: 246 towns and cities with more than 100 2-bedroom properties for sale and rent were included in the rental yield calculations.
Phone: 0845 373 3580
The UK's leading property search engine Home.co.uk has researched and calculated the best (and worst) performing buy-to-let locations in the UK in terms of typical returns on capital invested. Statisticians from the website worked out the "rental yields" in hundreds of UK towns by comparing the asking prices and market rents for 2-bedroom properties. Top 10 Locations for 2-Bedroom Home Rental Yields
|Location||No. 2-Bed Properties for Sale||Typical Asking Price(£)||No. 2-Bed Properties for Rent||Typical Rent (£ pcm)||% Rental Yield (gross per annum)|
|*The typical asking prices and rent for London were calculated by sampling over all properties in the Home.co.uk property search within 10 miles of the centre of London|
Notes for EditorsOver the last 20 years, Home.co.uk has become established as a dynamic, innovative and ethical service. By providing the UK's most comprehensive Property Search and Estate Agents directory coupled with detailed House Price analysis, Home.co.uk delivers the real power of the Internet to inform and empower estate agents, homebuyers, renters, landlords and sellers in across the UK.
Phone: 0845 373 3580
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