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  • Buy-to-Let

    Top 10 U.K. BTL hotspots ...

    Found this article via Twitter, and thought it worth sharing. Great to see an article promoting yield instead of capital growth, even though I dislike the term "hotspot" in any context to do with property.
    Source: Times On-line
    The top ten buy-to-let hotspots

    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.
    With the help of PropertyEarth.net, Times Money has compiled a list of the ten towns or boroughs with the highest yields for buy-to-let investors.They are spread right aross the country, from Scotland to Shropshire and from Newcastle to Neath, in Wales.
    1. Glasgow
    Average Yield: 12 per cent.
    Typical property: A one bedroom first floor flat in Rutherglen, Glasgow. Price: £32,000. Monthly Rental: £350.
    2. Houghton Le Spring, Tyne and Wear
    Average Yield: 10 per cent
    Typical property. A two bedroom terraced house five minutes walk from the town centre. Price: £46,500. Monthly Rental: £400.
    3. Telford, Shropshire
    Average Yield: 10 per cent
    Typical property: A one bedroom first floor apartment flat Price: £59,950. Monthly Rental: £500
    4. London Borough of Lewisham
    Average Yield: 8 per cent
    Typical property: A one bedroom first floor flat in Lee. Price: £95,000. Monthly Rental: £675
    5. MIddleton, Manchester
    Average Yield: 8 per cent
    Typical Property: A two bedroom middle terraced house in a suburb of Manchester. Price: £64,950. Monthly Rental: £450
    6. Barnsley, South Yorkshire
    Average Yield: 8 per cent
    Typical Property: A three bedroom semi-detached house in the Darton district of Barnsley. Price: £65,000. Monthly Rental: £450
    7. London Borough of Newham
    Average yield: 8 per cent
    Typical Property: A one bedroom flat in East Ham. Price: £104,500. Monthly rental: £700.
    8. Burnley, Lancashire
    Average Yield: 7 per cent
    Typical Property: A three bedroom terraced house in the east Lancashire town of Burnley. Price: £79,500. Monthly Rental: £525
    9. Neath, Wales
    Average Yield: 7 per cent
    Typical Property: A two bedroom semi-detached house in the Neath Abbey part of the town. Price: £69,950. Monthly Rental: £450
    10. Newcastle upon Tyne:
    Average Yield: 7 per cent
    Typical Property: A three bedroom semi-cetached house in the Throckley district. Price: £69,950. Monthly Rental: £450
    You can find out more information by going to PropertyEarth.net.
    Note: this site is a listing of CHAIN FREE properties and is free to use!
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    Two things.
    Is a place being labeled a hotspot somehow a bad sign? If a place has already been found it is likely too late to dive in. If someone things the hotspot label is important are they not doomed to be chasing yesterday's news?
    Second observation. If a place is averaging a 7% yield and that means it is on the hotspot list that implies 7% is good. I have never been a fan of gross yields as you can not tell how well a property will perform when you only consider the income side. 7% is not all that high to think it means you have a hotspot.
    John Corey
    https://www.ChelseaPrivateEquity.com/blog
    Follow me on Twitter -> https://www.twitter.com/john_corey
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    John Corey 


    I host the London Real Estate Meet on the 2nd Tuesday of every month since 2005. If you have never been before, email me for the 'new visitor' link.

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