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Northern England and Scotland provide the best returns for buy-to-let landlords, with some locations offering yields of more than 8% according to Zoopla.
Rochdale in Greater Manchester topped the table for the most lucrative place in which to be a landlord, with low property prices and rents in a two-bedroom home of £738 translating into gross annual yields of 9%.
At the other end of the scale, the commuter hotspot of St Albans offered the lowest returns at just 3.7%, according to Zoopla.
Annabel Dixon, spokesperson for Zoopla, said: “Despite the challenges facing the sector, yields - particularly in North England and Scotland - match up well against other forms of investment.
“It’s no surprise that towns further south provide lower yields. House price growth has slowed, but property is still considerably more expensive in these locations, meaning that even with higher rents, the returns are more limited for landlords.”
On a regional basis, Scotland offered the best yields at 6%, followed by Yorkshire and the Humber and North West England at 5.4%.
Returns were lowest in the South West and London at 4.2%.
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I think that’s also rent returns within the cities in Scotland, commuter towns within close proximity see double digit easy, often late teens up to 20% when you leverage, definitely hay to be made up here ??
Personally I use lucky 8
if I can’t get 8% I won’t buy
the North will never make the money the SE has made in the past
so you have to buy on yeild it can be done in the north
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.
A lot of these properties are in the North, lower value properties than Birmingham and below, with these yields do these now become more attractive or even though these are good, there not good enough for the risks you see to be tempted?
Remember folks, an 8% yield on not-very-much is practically sweet FA when you take deductions/voids/taxes into account!I would have thought most of that list 5-10 years ago would have been into double digits.