With affordable housing prices and a thriving rental market, Liverpool boasts the top two postcodes with the highest average buy-to-let yields in the country.
Estate agent Benham & Reeves recently revealed the top-10 postcodes for buy-to-let yields. Postcode L7 was top on the list featuring an average of 10.7% rental yields and an average house price of £105,000, while L6 followed with 10.4% and £85,000.
Marc von Grundherr, director of Benham & Reeves, commented: “There are a whole host of factors that mean the rental desirability of a property can literally change from one street to the next, but one of the best starting points to work from is the rental yield available.”
Liverpool’s thriving buy-to-let market
With affordable property prices that are on the rise, Liverpool’s property market is effectively moving with the times. Liverpool is even attracting overseas investors with a huge surge in investment from the US.
Boasting high tenant demand, the iconic city has proven to a be a buy-to-let hotspot even being named the buy-to-let capital of the UK last year. Additionally, further regeneration is expected as the city’s population continues to rise, making Liverpool an even more appealing city to invest in.
The north’s hotspots for lucrative rental returns
The north of England continues to have to some of the best postcodes for buy-to-let yields. Manchester, Middlesbrough, Newcastle, Bradford, Sunderland, Nottingham, and Sheffield all made it in the top-10 of Benham & Reeves’s list with average property prices ranging from £58,000 to £163,000 and average yields from 8.5% to 10.2%.
Undeterred by tax and legislative changes for buy-to-let landlords, many investors are finding the north still offers strong returns on their property investments. The director of Benham & Reeves stated: “Despite the Government’s attempts to dampen the appetite of the sector, it remains a lucrative business and, for those with the time to commit to it, there are plenty of buy-to-let honey pots out there that will bring a great return on your investment.”
