Press release: 22 January 2013
The UK's leading property search engine has researched and calculated the best (and worst) performing buy-to-let locations in the UK in terms of typical returns (gross) 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) |
|---|---|---|---|---|---|
| Bootle | 285 | 65000 | 238 | 451 | 8.3 |
| Plumstead | 163 | 185000 | 105 | 1213 | 7.9 |
| Dundee | 325 | 85000 | 233 | 524 | 7.4 |
| East Kilbride | 237 | 70000 | 106 | 429 | 7.4 |
| Plaistow | 192 | 192500 | 227 | 1148 | 7.2 |
| Hamilton | 296 | 80000 | 165 | 477 | 7.2 |
| Camberwell | 113 | 235000 | 141 | 1400 | 7.1 |
| Brentford | 108 | 327500 | 441 | 1950 | 7.1 |
| Newham | 144 | 180000 | 133 | 1049 | 7.0 |
| Dagenham | 171 | 163000 | 161 | 949 | 7.0 |
Bootle is top of the list in terms of yield (also highest yield in February 2011 then 7.7%).
"Investors in the rental property market really 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 yield locations are highly attractive to buy-to-let investors, however many other locations are not."
The worst letting locations in terms of gross rental yield are dominated by the most expensive parts of London (Charing Cross, The Strand, Soho, Knightsbridge, South Kensington, Bloomsbury, Chelsea, Holborn, Mayfair & Belgravia) with typical rental yields between 2.4% and 3.3%. Yields in these locations have fallen by around 33% over the last two years.
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: 297 towns and cities with more than 100 2-bedroom properties for sale and rent were included in the rental yield calculations.
Notes for Editors
Over the last 28 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.
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