27th
Feb 2017
Good, close and reliable transport links to the capital is a 'must have' for the city's professional renters and there are unsurprisingly many favourite renting hotspots that provide this.
An online investment platform's research found that the most popular places to rent with good connections to the capital including, Colchester, Rochester(Kent) and Watford are able to increase rental prices because of demand. The one area outside of the South East that is regarded as an extremely worthwhile investment is in fact Northampton.
The platform's annual quarterly buy-to-let sector report 'awards' Romford as the best place to rent out 'homes' as it enjoyed an 8% rental price growth and toppled Luton off of top spot.
The company's index, ranks postcodes by four factors - capital value growth, transaction volumes, rental yield and rental price growth, reported that the historical top performers all enjoyed rental yield increases with third placed Dartford at 4.74 % and Southend at 7th with 4.5%. Romford scored 5.24% per cent and Luton 4.75%.
Whereas at the other end of the scale other regions were comparatively flat with Llandudno, Newcastle and Swansea all recording a 0% price growth, with many investors finding it hard to gain any worthwhile returns.
Co-founder and CEO of an online investment platform ,Christian Faes, said: "Consistency is clear here: suburban parts of the South East of England continue to offer the best opportunities for investors, while Inner London continues to underperform. The absence of a large shake-up in the Top 10 buy-to-let postcodes this quarter shows some stability in the market following a year of market-moving uncertainty and geopolitical shocks. Landlords and investors must remember that considering rental yield isn’t enough; it’s critical to find a property that impresses across all metrics. In the quarter ahead, we’ll be watching closely a number of areas that could edge towards the Top 10, like Bristol (ranked number 15), Milton Keynes ( number 16) and Manchester (number 21)."
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