Many investors still see property as a safe haven for their money. But where exactly are the areas where buying a buy-to-let investment property will get you the biggest returns?
TotallyMoney, using data from property website Zoopla, put together a map of Britain highlighting the best investment areas.
A closer look reveals that, whilst high rental rates in London might make the capital attractive to begin with, hefty property prices put a dampener on this excitement.
The map locates the best yields in Northern England and Scotland, whilst Wales’ rural areas offer very little to savvy investors.
Here’s a list of TotallyMoney’s Top 10 postcodes and yields:
- 1. Leeds (LS6): 10.79%
- 2. Bradford (BD1): 10.33%
- 3. York (YO1): 9.73%
- 4. Preston (PR1): 9.08%
- 5. Middlesbrough (TS1): 9.05%
- 6. Liverpool (L7): 8.72%
- 7. Manchester: 8.31%
- 8. Sheffield (S1): 8.31%
- 9. Huddersfield (HD1): 7.75%
- 10. Cardiff (CF24): 7.60%
And the list’s 10 Worst postcodes and yields:
- 1. Bromley (BR2): 1.98%
- 2. London (N21): 1.95%
- 3. Northwood (HA6): 1.88%
- 4. Birmingham (B15): 1.85%
- 5. London (W8): 1.78%
- 6. Reading (RG8): 1.70%
- 7. London (N2): 1.65%
- 8. Poole (BH14): 1.54%
- 9. London (N6): 1.38%
- 10. Poole (BH13): 1.13%
To have a look at the heatmap in its full glory, go here.
