19th
Aug 2016
A new survey carried out by a crowdfunding platform for residential PRS investment, reveals that it is the Northern Universities areas that provide top buy-to-let yields.
The portal claims that the towns and cities that landlords could expect higher yields from University students and that Sunderland in the North East was the best. Net rental income in its surrounding areas came in at 6.9% and landlords in Teesside enjoyed 5.9%. Areas surrounding Aston & Birmingham City University was third highest where the net rental yield was 4.5% and the average house price was £116,372.
Other North University areas that were in the top ten were Edinburgh, Nottingham and three in Greater Manchester.
Surprisingly the net rental income in University areas in the capital and the South East did not perform well in the lower league tables. Six of the lowest yielding areas of the 10 lowest ranking Universities for rental yields, included Kensington &Chelsea with just 1.3%.
CEO of crowdfunding platform for residential investments Dan Gandesha, said: “In this era of ultra low rates and high market volatility, stable investments which provide a reliable income, and medium to long-term capital growth prospects are the holy grail. Property is a total returns investment, and until recently, it’s been a capital returns play. But with Brexit, the rules of the game are changing. Now our investors are increasingly focused on the reliable income they can earn, month after month.”
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