New research has indicated that Leeds is the best city for Landlords to invest in buy-to-let property.
The research compares rental yield in different parts of the country and Leeds has come out on top with Investors benefitting from gross yields of up to 10.79%. London scored a mere 3.5% in comparison, according to the findings by Assetz Property. The difference is largely attributed to higher house prices in the capital.
Chief Executive of Assetz Property, Stuart Law, suggested that the property market in Leeds is far more stable than in London. The capital has seen house prices and rental prices soar significantly, raising fears that values on both are rising beyond control. Mr Law said: "not only is Leeds a fantastic draw for Investors, as properties are, on average, more than £400,000 cheaper here than in London, but it is an ideal location for residents looking to get more for their money and achieve a higher standard of living than they could have in London for a lot less money."
The research concluded that the rental yield in areas including Beckett Park, Burley, Headingley, Hyde Park, Meanwood and Woodhouse is on average £116,115. The average house price in these areas is £1,044 making them the most profitable for potential Investors. The properties in these areas are predominantly rented by students with many being managed by Let Leeds.
With the highest rental yield and a proven higher quality of life, it is clear that Leeds is the place to invest.
As experts in the buy-to-let market, we have a number of properties available for sale in the area, so if you are looking for your next investment, why not give our Sales Team a call for a chat about your options on 0113 322 9533.
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