Bootle best for rental yields
BOOTLE in Liverpool is the best area for rental yields, according to research by property earch engine Home.co.uk.
The area has average yields of 7.7 per cent and average monthly rental income of £450 for a property worth £70,000.
Hull also features in the top ten with yields of 6.4 per cent and typical rent of £472 on a property worth £87,950.
“Investors in the rental property market need to research their chosen location carefully in order to maximise potential yields. These top gross rental yields are highly attractive to buy-tolet investors. They more than cover typical mortgage interest payments and other expenses,” says Doug Shephard, director at Home.co.uk.