2016 saw the UK property market sink into a state of uncertainty – with the EU referendum and George Osborne’s Stamp Duty hikes. As such, many experts suggested that property prices would drop – but actually, most areas have defied this prediction.
Many places in the UK have experienced steady growth over the last 12 months, with some emerging as clear winners in terms of UK property investment. Here’s an overview – helping you to decide where to invest in property in the UK.
Property Investment Opportunities in the North
If you’re looking for buy-to-let property for sale, with a view to making a steady income from rent, then the North-West is an excellent place to start searching.
Manchester emerges as the best place in the UK to become a landlord, with an average rental yield of 6.02%. There’s also plenty of demand for rented accommodation – over a quarter of the city’s population currently rent their house or apartment. Prices are also on the rise in the city, meaning that there’s good potential to make a profit from capital growth too.
Liverpool is also an excellent place to rent. Since the city was extensively regenerated, it’s become hugely popular with tenants – and the average rental yield is 5.16%. Its substantial student population ensures a steady supply of renters.
Sheffield’s S1 postcode is currently achieving phenomenal rental yields – of up to 11%. This is because properties are still incredibly cheap – it’s not difficult to pick up a house for as little as £80,000. The area has plenty of students and young professionals in it, which means there is significant demand for rented accommodation.
Other locations that are worth investing in are; Cardiff, Coventry, Oldham, Sunderland and Luton.
Investment Properties in London?
Some parts of London were badly hit by the Brexit vote, not to mention Stamp Duty changes. In particular, prime locations such as Chelsea and Kensington saw prices drop by a significant margin – though this looks set to change, thanks to renewed interest from overseas buyers.
Whilst not offering such high rental yields, other parts of London are providing UK property investors with excellent profit from capital growth. In particular, the towns within the London commuter belt are performing excellently, such as Wandsworth, Newham and Bromley.
How to Start Your Search for Buy-to-Let Property for Sale
If you’re looking for buy-to-let property for sale, it makes good sense to talk to a specialist property investment agent, who will be able to assist with your search. They’ll also have a list of property investment opportunities on their books, which won’t be accessible to the general public.
Buying a house at auction is also a great way to find a property at a bargain price. Houses requiring structural or cosmetic improvement often offer the best ROI, providing you’re willing to take on the work.
The Buy2Let Shop Limited
If you’re looking for property investment opportunities in the UK, talk to The Buy2Let Shop team. Our expert property investment agents are here to help you find the right property, at the perfect price.
To find out more about our services, simply get in touch via The Buy2Let Shop website.