Merseyside Labelled Property Investment Hotspot

Buy to let property investors should look north to maximise their profits, according to the latest research from Rightmove.

The property portal labelled Merseyside as an investment hotspot, home to Bootle, Birkenhead and St Helens which each offer landlords the highest potential yields in the UK. Bootle currently offers investors a strong 9.3 per cent yield, whilst Birkenhead landlords could rake in 7.5 per cent.

Other high yielding locations included Burnley and Accrington in Lancashire, offering yields of 7.2 per cent and 7.1  per cent respectively, as well as Swansea and Glasgow.

The aforementioned areas generally have low average house prices, meaning that landlords should anticipate a sizeable return in comparison to their original investment.

To obtain these figures, Rightmove calculated the the average rent per month on a two bedroom property and the average asking price on its website for such a property to calculate the yield that a landlord could make. 

Rightmove’s head of lettings, Sam Mitchell, said: ‘This year will be one of caution for buy-to-let investors due to tighter lending criteria and increased stamp duty. We definitely won’t see the spike in quarter one purchases that we saw last year as landlords rushed to buy before last April’s new stamp duty deadline.’

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