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North West the Best Place to Invest in Property in the UK
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
One and Only Pro, an AI-powered property investment portal, has named the North West as the best place to invest in buy-to-let property in England and Wales. The study ranked the top 172 buy-to-let locations using its unique algorithm.
Investment properties across England and Wales were given a score from one to ten, with the properties rated ten being the most likely to increase in value.
Dubbed the diamond property hotspots by the company, the five locations with the highest concentration of top scoring properties were found in the North West of England.
With 21% of diamond properties, Salford was top of the list. Properties in this area given the top score by One and Only Pro include a three-bedroom flat priced at £130,000, with a 12% potential rental yield and expected rental income of up to £1,300 per month.
Burnley came second, with 20% of properties showing the greatest investment potential, with Birkenhead and Bootle shared third place, at 16%. Blackpool (12%) took the last place in the top five.
These satellite towns are now expected to increase in popularity, due to their big city neighbours being overbought in comparison.
Despite the top five hotspots being located in the north, there are still diamonds to be found all across the UK. The One and Only Pro website also reveals a diamond in north London – a flat that boasts an 11.65% potential rental yield.
Henri Sant-Cassia, the CEO of the firm, says: “It is true that the North West is showing the greatest number of properties with investment potential, but a shrewd investor can find diamonds almost anywhere in the UK.
“One and Only Pro has been designed to reveal those hidden gems, so even inexperienced investors can find the best deals in a particular area.”
He continues: “The top location in Wales, for example, was Swansea in position 28 out of 172 and Portsmouth comes in 32nd place, claiming top spot for the south of England. There are also 2% of properties on the market in London – in 60th position on the list – that will see an increase in value and represent a solid investment.”
