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The North West tops areas in the UK for buy to let property investments that have been revealed by property investment portal One and Only Pro, who have ranked the top 172 buy to let locations using a unique algorithm.
Based on a combination of affordable property prices and high demand from rental accommodation, including from large student populations, the research sought out the best areas to invest for rental yields and capital appreciation.
Investment properties across England and Wales were given a score from one to ten, with properties rated ‘ten’ being the most likely to increase in value.
The top five areas with the highest concentration of top scoring properties can be found in the North West of England.
Properties in Salford, Greater Manchester, were given the top score in the research, where properties are relatively cheap to buy, but rents are still comparatively high.
Burnley came second with 20 per cent of the properties showing the greatest investment potential, while Birkenhead and Bootle shared third place with 16 per cent.
The north west coastal resort of Blackpool took the last place in the top five, with 12 per cent of properties in the town showing the greatest investment potential.
CEO of One and Only Pro, Henri Sant-Cassia, said: ‘It is true that the North West is showing the greatest number of properties with investment potential, but a ‘shrewd’ investor can find ‘diamonds’ almost anywhere in the UK.’
He continued: ‘The top location in Wales for example was Swansea in position 28 out of 172 and Portsmouth comes in 32nd place claiming top spot for the South of England. There are also 2 per cent of properties on the market in London – in 60th position on the list – that will see an increase in value and represent a solid investment.’