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4 Buy-to-Let Hotspots for Property Investors
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
It seems that new property hotspots are always popping up. But if you are an investor, finding a secure and reliable location is key to a successful buy-to-let business.
Sequre Property Investment has a dedicated team that sources high yielding hotspots around the UK. While a good deal can often be found anywhere, Sequre has picked out four buy-to-let hotspots where high rental yields and potential for capital growth can consistently be found.
The firm highlights the North West of England as an ideal buy-to-let spot. With affordable property prices and incredibly high tenant demand, the region is perfect for buy-to-let investment.
In the last several years, the following areas have continuously provided high returns:
Manchester
Often considered one of the best locations for buy-to-let in the UK, Manchester continues to be named a property hotspot. With strong rental yields (an average of 7%) and affordable house prices, landlords can start a lucrative lettings business in this area. The city has a huge student population, and young professionals and graduates keep rental demand high all year round.
Liverpool
Liverpool’s recovery following the financial crisis puts it back on the investor map. Currently undergoing a huge level of regeneration in the city centre, including Albert Dock and Liverpool One, the area is now a hub for tourists. Its several universities also bring thousands of students to the city every year. Despite its strong recovery and rising house prices, Liverpool remains one of the most affordable cities in the country, meaning landlords will benefit from high rental yields.
Warrington
Located between three major cities, Warrington is an ideal commuter spot. It has some of the best transport links in the north, with several motorways all easily accessible from the town. It also has two major train stations, which provide an easy commute to Manchester and Liverpool in just 20 minutes, with daily services to London and Glasgow. Warrington is close enough to these main cities for graduates and young professionals, causing high tenant demand.
Preston
Preston experiences huge tenant demand, with one of the north’s largest student populations. In the past five years, the city has also enjoyed a large amount of investment. Its low property prices allow investors to reap the profitable rewards of high rental income and healthy levels of capital growth.
Will you invest in any of these areas?