They all provide a 7. Scotland dominates our top 10, with five of the hotspots north of the border. Sunderland and County Durham both generate a 7. Looking regionally, Scotland and the North East top the ranking with overall yields of 7.
Higher house prices have a knock-on effect on rental yields in London. Manchester is currently deemed to be the best performing city overall for buy-to-let investors. Aldermore's tracker revealed that seven of the top 10 cities for landlords are in southern England. Second-placed Cambridge has given its property investors a 61 per cent long-term return through house price growth over the past decade making it the best performing city on the tracker for house price appreciation.
Oxford and Brighton also fared well for long-term returns with an average 5. London, which has seen house price growth of 56 per cent over the past 10 years, has the highest average rent per room of any city. For any investors concerned about void periods, particularly during the pandemic, then seventh-placed Bristol was judged to be the city with the lowest number of vacancies as a proportion of total housing stock, at 0.
The rental yield is the percentage of return you can expect to make back on the purchase price each year. The tracker established that cities in Yorkshire are producing some of the highest yields with Hull, ranked twelfth on the list, producing the highest short-term yield of the 50 cities at 9. Other high yielding cities include Glasgow, offering a 9. Jon Cooper, head of mortgage distribution at Aldermore, said: 'Across the UK there is still great short and long-term returns to be had for landlords, with a number of cities providing excellent rental yields with room for capital growth.
Over the past 10 years, those who invested in buy-to-let in southern cities such as London and Cambridge would have reaped the rewards of considerable house price growth during that time. With past performance being no guarantee for future success, property investors might be wise to focus to more affordable parts of the UK according to Aneisha Beveridge, head of research at Hamptons International. Hamptons forecast that the north, Scotland and Wales will see the greatest house price growth over the next four years.
Hamptons forecast that over the next four years, London will be one of the worst performing regions rising 6 per cent but the North East will perform best rising Beveridge said: 'Since the tax changes introduced in , rental yields are becoming more important than ever, particularly for those with mortgages because it's so much harder to get a mortgage on a buy-to-let property with banks now requiring a higher rent ratio. If you're interested in investing in buy-to-let but don't want the hassle of managing a property yourself, check out what Bricklane has to offer.
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Related Articles Not so grim up north as yields beat the rest of the UK New research shows that the average rental yield in Britain has Buy To Let specialist identifies upcoming boom area A nationwide buy to let consultancy says it believes one specific Revealed - potential investment areas where renting is rising A buy to let consultancy has identified those parts of the Despite a host of anti-landlord policies adopted by the government, including Savills also highlight that, while yields may fluctuate over the short-term, the market will readjust and there could be appealing opportunities for those willing to hold over the long-term.
A common question asked is: what is the difference between net and gross rental yields? Simply put:. These will vary depending on your investment style are you more hands-off, or hands-on? The main one to consider is your mortgage interest rate. This is where having experienced partners can help. Best Rental Yields in the UK Discover the highest rental yields in the UK per region, how to find the best rental yield and how to calculate yield on a rental property using our rental yield calculator.
Next Block. What is a Rental Yield? Expected Rental Growth in So we know the best rental yields UK for but what about the rental growth and UK rental yields in ?
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