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  • Property Yields

    Blackburn tops list of BTL yield hotspots

    Property peer-to-peer lender Kuflink has examined the average rental yield in 50 major towns and cities across the UK and found that properties in Salford in the North West of England offered the highest yield in the first quarter of the year, at an average of 7.08%, followed by Leeds, Manchester and Coventry.

    London unsurprisingly sits among the bottom of the rankings, given the high cost of buying property in the city, with returns of just 3.45% achievable on average in Q1. But it was Chelmsford in Essex that provided the weakest returns, of just 2.89%.



    Full/source story

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    I've found that rental yield calculations, even those that you find in major national publications, can be incredibly simplistic (and often simply wrong as a result).

    For example, a frequently-used approach is to just calculate yield using all properties for sale and rent in an area, not accounting for the fact that rental properties are often different in size or type to properties for sale, and therefore you are comparing apples to oranges, and distorting your calculation.

    On my site PropertyData we're trying to take a more data-driven approach to rental yields - we calculate rental yields every single day for every postcode district in the country, comparing only like-for-like properties (as far as the data available allows) that are currently on the market.

    This approach gives us more more up-to-date, localised and accurate yield calculations than anyone else. We're constantly trying to fine-tune our algorithm for yield calculations, but I'm confident it's already a truer reflection of real yields than a lot of the eye-grabbing headlines you see!

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    Michael Dent
    Landlord and Founder of PropertyData.co.uk
    Believer in a data-driven approach to property investing

    Increased demand for more low-cost rental accommodation from long-distance commuters is one key factor for the rise. More people are moving away from London, with four of the hottest commuter hotspots being located outside of the M25.

    Rents in Luton, Peterborough, Thurrock and Bedfordshire are all less than the average in the capital, but have increased more than 3% year-on-year as a result of increasing demand.

    Indeed, rents have risen by 4.23% in Luton, 3.75% in Peterborough, 3.56% in Thurrock and by 3.19% in Bedfordshire. Despite this, actual rents are less than half than the £1,873 average seen in London. Capital rents have actually fallen by 1.05% over the course of the year.

    The current pace of growth means a tenant in Luton is paying £789 per month in rent, in comparison to £757 one year ago.

    Source/full story - Just Landlords

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    New data from Rightmove reveals the hottest property markets:

    Property prices in central England have seen the best return on investment, with Northamptonshire prices rising by 9.1 per cent, followed by a 7.9 hike in Derbyshire and a jump of 7.4 per cent in Norfolk.

    The stellar figures represent more than double the annual average of 3.1 per cent, seen across England and Wales. ​



    Full/source article

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    All what I would consider lower priced areas - compared with the South East

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