Boo­tle best for rental yields

Yorkshire Post - Property - - PROPERTY -

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.

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