If you’re looking to play the rental property market, you’ll want to know where the best buy-to-let hotspots are, right? Lucky for you, we’ve got a list of the top 10 most-lucrative regions to invest in.
Online property portal, Zoopla, revealed where the best buy-to-let hotspots are across the UK in their latest report.
According to Zoopla, Northern England is THE place to buy property if you’re looking to turbocharge your returns.
The king of the North, or the whole of the UK for that matter, is located in Greater Manchester.
Rochdale made it to the top of the list, where the average price of a two-bedroom home sits shy of £100,000 and boasts an average monthly rent of £738. This translates to a juicy gross annual rental yield of 9%.
While Rochdale topped the poll for the best buy-to-let returns, Blackpool wasn’t far behind offering yields of 8.6%.
Wigan was the third North West region to make it into the list, placing fourth with a gross yield of 7.09%.
Bringing up the rear of Zoopla’s top ten buy-to-let destinations is Bradford where investors can experience a healthy 6.4% gross yield.
Annabel Dixon, a 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.”
So there you have it, the North is where you going to get the best return on investment on your rental property – especially in the North West.
If you want to join the North West’s booming buy-to-let scene, we have you covered. Here’s a selection of tenanted investment opportunities dotted across the North West you can buy right now.
Terraced house comprising; lounge, dining room, kitchen. Two bedrooms, bathroom. Rear yard. Gas central heating and double glazing.
To be sold subject to a tenancy – periodic AST from 15/1/18 at £550.00pcm.
Click here to view the property.
Semi-detached house comprising: lounge, dining kitchen. three bedrooms, bathroom. Gardens to front and rear. Gas central heating and double glazing.
To be sold subject to a tenancy – periodic AST from 09/04/09 at £450 per month.
Click here to view the property.
Ground floor flat comprising lounge, kitchen, two bedrooms, bathroom, basement, driveway. Gas central heating and double glazing.
To be sold subject to a tenancy – periodic AST from 29/5/15 at £550pcm.
Click here to view the property.
Garden fronted terraced house comprising lounge, dining kitchen, bathroom. Three bedrooms. Rear yard. Gas central heating and double glazing.
To be sold subject to a tenancy – periodic AST from 27/05/10 at £350 monthly. We feel it is under-let and could achieve in the region of £500 monthly.
Click here to view the property.
Garden fronted terraced house comprising: lounge, dining kitchen, two bedrooms, bathroom (not inspected by Edward Mellor). Rear yard. Gas central heating and double glazing.
To be sold subject to a tenancy – periodic AST from 30/3/15 at £105 per week offering an 8% to 9% yield.
Click here to view the property.
Ground floor apartment comprising: hallway, lounge, kitchen, bedroom and bathroom. Gas central heating and double glazing.
To be sold subject to a tenancy – periodic AST from 16/1/13 at £400pcm.
Click here to view the property.
Ground floor flat comprising: good sized hall, lounge with views of the communal garden, kitchen, double bedroom and bathroom. The property has gas central heating, double glazing, communal gardens and on-street parking.
To be sold subject to a tenancy – periodic AST from 11/4/16 at £425pcm.
Click here to view the property.
If you’d like to have a look at other buy-to-let investment opportunities going under the gavel at our July auction, click here.
For more information on any of the above properties, please call our auction team on 0161 443 4740.
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