Hull beats prime London yields
THE buy-to-let market has defied the North / South property divide, with various towns across the South, Midlands and North offering better yields than prime London, according to Chesterton Humberts.
The company say some of the best yields are in Hull, Blackpool, Southampton and Manchester.
The average property in Southampton now sells for £138,311, but with monthly rents averaging £901, this delivers the highest yield of 7.82% for landlords. Blackpool delivers the next highest at 7.81%, followed by Hull at 7.77% and Manchester 7.60%. Chesterton Humberts Prime London Residential Yield Monitor shows that prime London only delivers an average yield of 3.5%.