Thu, 02 Jul 09
Glasgow is the best place for buy-to-let landlords to invest in property, according to latest research.
A typical one bedroom first floor flat in the Scottish city is valued at around £32,000 and could bring in a monthly rent of £350.
In second and third place are Houghton Le Spring, Tyne and Wear, and Telford, Shropshire, where buy-to-let investors can expect an average yield of 10%.
The London Boroughs of Newham and Lewisham, Middleton in Manchester and Barnsley in South Yorkshire and are next in the list with yields of 8%.
Burnley in Lancashire, Neath in Wales and Newcastle-upon-Tyne all offer average yields of 7% and make up the rest of the top ten.
According to The Times: “Buy-to-let landlords have been hard hit by the property crash, along with private homeowners. But one small silver lining in the generally gloomy outlook is that, with property prices coming down faster than rental values, yields are actually rising for many purchasers of rental property."
By Joe LepperSee also: Home Finance, Buy-To-Let Mortgages
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