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  • Top 100 Post Codes For Buy To Let Rent Yields Revealed


 

Some of the places most people would not want to live given the choice are some of the best places for buy to let landlords to get the highest gross rental yields, according to a new post code survey.



Top of the list out of the top 100 buy to let postcodes after the rollercoaster of the recession comes seaside town and amusement park landmark Blackpool.



After the swings and roundabouts of the credit crisis and falling house prices elsewhere, property values in Blackpool are low but command high rents delivering a gross rental yield of 5.34% a year.



This is well on the way to double that returned by bottom of the table buy to let investments in Swansea (Average house price £214,500 Rent £533) and Exeter (Average house price £278,522 Rent £691) both showing a gross rental yield of 2.98%.



Other places in the top 20 are towns like Romford, Wigan, Uxbridge, Luton and Cleveland; all showing gross yields between 4.2% and 4.5%.



The research was put together by online property search site FindaProperty.com for the Daily Mail’s This Is Money financial advice site.



Nigel Lewis, of FindaProperty.com said: “This shows that the best places for high gross yield are those with lower housing costs, a changing population and in particular if they have one or more universities.

 

The other places where gross yields tend to be high are where there is a large inbound ethnic population getting on its economic feet and rental demand is high but house prices usually lower than the average.”



The comparison is a like-for-like gross rental yield, so the figures do not include variable costs like letting agent fees, voids, nor property running costs, which can greatly affect the returns for individual landlords.

 

 

FindaProperty.com has also published a rental index showing average buy to let asking rents increased by 1.2% in February, to £814pcm.



Although still down 1.9% on a year ago, all UK regions saw increasing or stable rents last month and landlords continued to enjoy steady returns, with an average gross yield of 4.5%.

 

 

Location


Post code


Price


Rent


Yield %

Source: FindaProperty.com 

1 BLACKPOOL

 

FY

 

£161,722

 

£720

 

5.34

2 KINGSTON UPON THAMES

 

KT

 

£420,469

 

£1,843

 

5.26

3 KIRKCALDY

 

KY

 

£198,118

 

£856

 

5.19

4 LONDON (East)

 

E

 

£275,844

 

£1,147

 

4.99

5 MANCHESTER

 

M

 

£141,435

 

£575

 

4.87

6 DURHAM

 

DH

 

£128,730

 

£521

 

4.86

7 ROMFORD

 

RM

 

£230,792

 

£909

 

4.72

8 UXBRIDGE

 

UB

 

£266,486

 

£1,029

 

4.63

9 LONDON (south East)

 

SE

 

£275,267

 

£1,060

 

4.62

10 SUNDERLAND

 

SR

 

£131,336

 

£498

 

4.55

11 WIGAN

 

WN

 

£123,052

 

£463

 

4.52

12 BLACKBURN

 

BB

 

£123,326

 

£463

 

4.50

13 LIVERPOOL

 

L

 

£161,325

 

£598

 

4.45

14 GLASGOW

 

G

 

£154,084

 

£563

 

4.38

15 LONDON (central)

 

WC

 

£726,415

 

£2,612

 

4.32

16 BOLTON

 

BL

 

£142,150

 

£508

 

4.29

17 LUTON

 

LU

 

£182,388

 

£650

 

4.27

18 CARDIFF

 

CF

 

£158,736

 

£564

 

4.26

19 TWICKENHAM

 

TW

 

£328,924

 

£1,162

 

4.24

20 CLEVELAND

 

TS

 

£155,013

 

£547

 

4.23

21 SHEFFIELD

 

S

 

£141,691

 

£499

 

4.22

22 WARRINGTON

 

WA

 

£194,709

 

£682

 

4.21

23 MEDWAY

 

ME

 

£210,421

 

£737

 

4.20

24 DONCASTER

 

DN

 

£150,021

 

£523

 

4.18

25 DARTFORD

 

DA

 

£234,077

 

£810

 

4.15

26 SOUTHEND ON SEA

 

SS

 

£220,562

 

£763

 

4.15

27 GUILDFORD

 

GU

 

£374,124

 

£1,287

 

4.13

28 NEWCASTLE UPON TYNE

 

NE

 

£185,928

 

£636

 

4.10

29 MOTHERWELL

 

ML

 

£155,170

 

£530

 

4.10

30 CHESTER

 

CH

 

£196,250

 

£665

 

4.07

31 HULL

 

HU

 

£151,975

 

£510

 

4.02

32 CROYDON

 

CR

 

£271,135

 

£908

 

4.02

33 BIRMINGHAM

 

B

 

£180,558

 

£604

 

4.02

34 FALKIRK

 

FK

 

£185,138

 

£617

 

4.00

35 SUTTON

 

SM

 

£279,164

 

£927

 

3.98

36 WOLVERHAMPTON

 

WV

 

£153,470

 

£507

 

3.96

37 PRESTON

 

PR

 

£173,044

 

£566

 

3.93

38 WALSALL

 

WS

 

£162,956

 

£531

 

3.91

39 LONDON

 

EC

 

£581,944

 

£1,886

 

3.89

40 LEICESTER

 

LE

 

£202,522

 

£656

 

3.88

41 NOTTINGHAM

 

NG

 

£171,205

 

£554

 

3.88

42 OLDHAM

 

OL

 

£147,390

 

£471

 

3.84

43 LONDON

 

SW

 

£763,873

 

£2,415

 

3.79

44 WAKEFIELD

 

WF

 

£151,705

 

£479

 

3.79

45 ILFORD

 

IG

 

£316,562

 

£997

 

3.78

46 HARROW

 

HA

 

£358,059

 

£1,120

 

3.75

47 ABERDEEN

 

AB

 

£296,788

 

£928

 

3.75

48 DUNDEE

 

DD

 

£236,304

 

£735

 

3.73

49 CANTERBURY

 

CT

 

£210,284

 

£652

 

3.72

50 MILTON KEYNES

 

MK

 

£243,106

 

£754

 

3.72

51 NORTHAMPTON

 

NN

 

£195,595

 

£603

 

3.70

52 BRIGHTON

 

BN

 

£270,454

 

£834

 

3.70

53 BRISTOL

 

BS

 

£238,133

 

£732

 

3.69

54 COVENTRY

 

CV

 

£215,250

 

£661

 

3.68

55 BRADFORD

 

BD

 

£159,527

 

£489

 

3.68

56 PORTSMOUTH

 

PO

 

£243,599

 

£744

 

3.66

57 HALIFAX

 

HX

 

£159,201

 

£482

 

3.63

58 CAMBRIDGE

 

CB

 

£299,459

 

£903

 

3.62

59 CREWE

 

CW

 

£217,792

 

£655

 

3.61

60 CARLISLE

 

CA

 

£175,168

 

£526

 

3.61

61 READING

 

RG

 

£329,551

 

£990

 

3.61

62 ENFIELD

 

EN

 

£339,492

 

£1,010

 

3.57

63 STOKE ON TRENT

 

ST

 

£181,652

 

£539

 

3.56

64 STEVENAGE

 

SG

 

£286,730

 

£851

 

3.56

65 STOCKPORT

 

SK

 

£195,535

 

£579

 

3.55

66 WATFORD

 

WD

 

£362,059

 

£1,070

 

3.55

67 LEEDS

 

LS

 

£198,555

 

£585

 

3.54

68 DARLINGTON

 

DL

 

£181,717

 

£535

 

3.53

69 SWINDON

 

SN

 

£255,832

 

£743

 

3.49

70 KILMARNOCK

 

KA

 

£163,562

 

£475

 

3.48

71 DERBY

 

DE

 

£179,080

 

£517

 

3.46

72 COLCHESTER

 

CO

 

£228,779

 

£655

 

3.44

73 BROMLEY

 

BR

 

£349,775

 

£1,001

 

3.43

74 PETERBOROUGH

 

PE

 

£205,970

 

£589

 

3.43

75 CHELMSFORD

 

CM

 

£305,268

 

£873

 

3.43

76 LONDON

 

NW

 

£566,176

 

£1,616

 

3.43

77 BATH

 

BA

 

£241,395

 

£686

 

3.41

78 SOUTHAMPTON

 

SO

 

£315,063

 

£895

 

3.41

79 SALISBURY

 

SP

 

£294,765

 

£835

 

3.40

80 TONBRIDGE

 

TN

 

£318,006

 

£898

 

3.39

81 OXFORD

 

OX

 

£339,426

 

£951

 

3.36

82 NEWPORT

 

NP

 

£189,680

 

£529

 

3.34

83 NORWICH

 

NR

 

£237,902

 

£661

 

3.33

84 GLOUCESTER

 

GL

 

£272,069

 

£753

 

3.32

85 HUDDERSFIELD

 

HD

 

£175,771

 

£486

 

3.32

86 SLOUGH

 

£ 

 

£453,701

 

£1,254

 

3.32

87 INVERNESS

 

IV

 

£233,018

 

£643

 

3.31

88 LANCASTER

 

LA

 

£238,246

 

£655

 

3.30

89 LINCOLN

 

LN

 

£191,717

 

£524

 

3.28

90 REDHILL

 

RH

 

£354,207

 

£962

 

3.26

91 HEMEL HEMPSTEAD

 

HP

 

£372,837

 

£1,009

 

3.25

92 BOURNEMOUTH

 

BH

 

£304,095

 

£817

 

3.22

93 DORCHESTER

 

DT

 

£268,855

 

£721

 

3.22

94 LLANDUDNO

 

LL

 

£232,060

 

£622

 

3.21

95 PERTH

 

PH

 

£302,464

 

£792

 

3.14

96 LONDON

 

N

 

£493,492

 

£1,276

 

3.10

97 DUDLEY

 

DY

 

£228,510

 

£587

 

3.08

98 LONDON

 

W

 

£996,894

 

£2,531

 

3.05

99 SWANSEA

 

SA

 

£214,500

 

£533

 

2.98

100 EXETER

 

EX

 

£278,522

 

£691

 

2.98