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New research has revealed that the North West is the best place to invest in buy-to-let properties across England and Wales. The analysis, carried out by AI powered property investment portal http://www.oneandonlypro.com , has ranked the top 172 buy-to-let locations using its unique algorithm.Investment properties across England and Wales were given a score from one to ten, with properties rated ‘ten’ being the most likely to increase in value. Dubbed the ‘Diamond Property Hotspots’ by the property experts, the five locations with the highest concentration of top scoring properties can be found in the North West of England. With 21% of ‘Diamond’ properties, Salford was top of the list. Properties in this area given the top score by One and Only Pro include a three-bedroom flat priced at £130,000; it has a 12% potential yield and expected rental income of up to £1,300 per month. Burnley came second with 20% of the properties showing the greatest investment potential, while Birkenhead and Bootle shared third place with 16%.Blackpool (12%) took the last place in the top five. These ‘satellite towns’ are now expected to increase in popularity due to their big city neighbours being overbought in comparison.Despite the top five hotspots being located in the North, there are still ‘Diamonds’ to be found all across the UK. The One and Only Pro website also reveals a Diamond in North London – a flat that boasts an 11.65% potential yield. Henri Sant-Cassia, CEO, comments: “It is true that the North West is showing the greatest number of properties with investment potential but a ‘shrewd’ investor can find ‘diamonds’ almost anywhere in the UK. One and Only Pro has been designed to reveal those hidden gems so even inexperienced investors can find the best deals in a particular area. The top location in Wales for example was Swansea in position 28 out of 172 and Portsmouth comes in 32nd place claiming top spot for the South of England. There are also 2% of properties on the market in London - in 60th position on the list - that will see an increase in value and represent a solid investment.”One and Only Pro only lists properties considered to be viable for investment, so shared ownership, retirement and other unsuitable property types are stripped out. Everything listed has been pre-vetted for investment, unlike a typical property portal where the whole market is on show.
A reminder that Property Tribes members can enjoy a 7 day FREE trial of OneandOnlyPro software. SEE ALSO - Launch of new Deal Finding Tribe and sponsor UP NEXT - Top 10 Property Tribes resources to learn how to find property dealsDON'T MISS - How to become talented at finding property deals.NOW WATCH:
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Not rushing into Salford, now that the Land Rover plant is letting 5000 people go...
I though LR is in Solihull
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Whoops, yes, you are right.
Aaaarrrggghhh, I find the term hotspots so "noughties".
Would Salford not be considered slightly oversaturated? What other fundamentals does o&o use as part of its AI algorithm?
Having a look on Rightmove at the Salford area, there's 495 2-3 beds to rent, with another 151 marked let agreed. However there's quite a few being reduced and more added today. And there's still more new builds to be completed yet to come on the market...
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When these reports have been published the sensible money would already have bought.
Just because lots of BTL investment is CURRENTLY going on in the NW/NE due to reasonable prices compared with the SE, doesn't mean it will be a good investment moving forward. It would be very interesting to know how many of those are southern investors.
I can't complain about it though, because every southern investor not looking in the SE means when I want to puchase in the SE there will be more stock and at more realistic prices ;->
The old saying when you see the boom you have missed the boat
and that’s whats going to happen in the North
my own feeling is the smart investor would have purchased after 2007 crash and purchased up to 2015
Funnily enough the post 2015 period you mention includes the extra BTL Stamp Duty bought in by everybodys friend, Gorgeous George. I think investors are too hung up on it personally. When you focus entirely on price (less is more) then it can go wrong when you don't know what you're buying into, especially at a distance.
Not that the thought of paying out £24k SD on a £400k property fills me with any excitement, far from it.
20/20 hindsight is a wonderful skill.
My own experience in neighbouring Manchester centre is Voids of 1 day as tenants move out and in.