Goodbye London! Liverpool and Nottingham named as best areas for buy-to-let investment

 

Mortgage broker Private Finance named the country’s 20 most desirable buy-to-let hotspots, leaving London out of the top three entirely.

The study named Liverpool as the best location for buy-to-let investment, followed by Nottingham and Coventry.

London still global home for multi-millionaires

Liverpool offers rental yields of 8% after mortgage costs have been taken into account, as the area benefits from a low average house price (only £122,283) as well as strong rents (average of £1,021).

The Midlands are home to the list’s number two and three. Nottingham offers average rental returns of 5.6% and buy-to-let investors looking at Coventry can gain back 5.4%.

New tram stops boost house prices in cities like Manchester and Birmingham

Greater Manchester, with a return rate of 4.3% and Portsmouth with 4.2% also made it into the top five.

Shaun Church, director of Private Finance, said:

“It’s not only the residential property market that’s all about location, location, location. Many landlords will treat property as a long-term investment, looking for reward in the form of capital gain.”

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Goodbye London! Liverpool and Nottingham named as best areas for buy-to-let investment

Goodbye London! Liverpool and Nottingham named as best areas for buy-to-let investment

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