Published: 7th April 2017
Statistics have shown half of the top 20 best buy-to-let investment hotspots are located in the Northern University cities. Despite the location of the area, the study found if the area homed one of the best UK Universities, they became a hotspot for buy-to-let investors. This has led to many UK cities seeing a dramatic growth in average yield.
Manchester takes home to three major universities; the University of Manchester and Manchester University. This has seen the average rental yield potential increase to 6.73%, which is the best in the UK. Greater Manchester’s metropolitan borough, Salford closely follows the city centre’s average with the average student property yield of 6.68%. This has attracted a significant number of investors to the area to take advantage of the high rental yields.
Portsmouth is home to the University of Portsmouth, leading it to the third place. Portsmouth takes home a respectable average yield of 5.75%. Leeds, Cardiff and Coventry are also in the 5% region, with none of the average yields dropping below 5.50%.
Shockingly, Cambridge offers one of the lowest average yields of 2.7% despite the University being ranked the fourth best University in the world. Oxford takes home to the number one University in the world. However, like Cambridge, Oxford doesn’t reflect this in the yields, with the city offering an average rental yield of 3.09%.
If you would like more information on our Northern investment opportunities, please contact us on firstname.lastname@example.org for your free online information pack. Or call 0161 337 3890 to talk to a member of our consultants team.