If you are looking to expand your property portfolio or you’re an aspiring landlord, then finding the areas which have houses with the highest yield will be your priority. While popular areas in cities such as London have seen gains squeezed due to the rising cost of property, there are some buy-to-let hotspots in the UK that can help you get the best return on your investments. Thankfully, prospective landlords can discover these gems, some of which we’ll be looking at below. See below for the best buy to let hotspots for aspiring landlords as well as the top predictions of up and coming areas:
The key to long term success for buy to let landlords is finding and investing in areas that will bring them strong rental yields for income and the potential for the property to gain in value over time as well. Over the past five years, the North West of England has been the most lucrative in terms of annual letting returns for landlords as prices in the south have squeezed bottom lines. Conversely, property owners in the South have benefitted from the stratospheric rise in house prices to profit from the housing boom there.
For investors looking for the current hotspots, here are the top buy-to-let areas right now:
Going forward, finding the buy-to-let property hotspots that will bring aspiring landlords the highest yields is also crucial for any serious investor. A good indicator of up and coming areas that are worth investing in before prices go up are large infrastructure projects planned for the future. For that reason, the city of Manchester should be noted as a predicted future buy-to-let hotspot, as the area undergoes a massive government-backed regeneration project.
Other areas predicted to be prime investment opportunities include Rotherham, Birmingham, Leicester, Norwich and Kent. Infrastructure projects such as Cross Rail and HS2 mean that towns and villages along the route of these major works should also be considered.
While the high cost of property in London can be a barrier to aspiring landlords or those looking to expand their portfolios, there are still some areas that provide sound investment opportunities. From low property prices and high rental yields due to demand, to planned infrastructure projects that will rejuvenate neglected areas, there is scope for ensuring you get a good return on your investment.
The service I received from Open Property Group was very helpful and considerate of my personal circumstances. A thank you to Jason for arranging a cash advance prior to exchanging contracts, and a lump sum when we exchanged. This was a really big help. Your company is simply the best.
Miss M, Southampton
Efficient, friendly and fair. From sold to exchanged in less than 6 weeks using OPG. We couldn’t fault the service. A professional service that any seller should use. If we had more property we’d definitely use them again!
Mr and Mrs M
The open property group recently purchased a property through my agency and found them to be excellent buyers that were able to exchange contracts within one week at the agreed price. I would highly recommend this company.
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