Where landlords can find the highest yielding country buy to lets
Coronavirus has
caused tenants as well as buyers to reassess their priorities. Out are cramped
flats in crowded cities. In are rural locations offering work from home
potential, more outdoor space and less crowded public places.
To help buy to let
investors capitalise on these new priorities PaTMa Property Prospector
has crunched the numbers to find out exactly where landlords can find the best
rural letting yields in the country.
1. Parton & Distington, Cumbria
Between Whitehaven
and Workington and within reach of both Carlisle and the Lake District National
Park Parton and Distington offer the best rural yields anywhere in England. Here
investors might expect to earn a full 8.52% annual return on their investment.
2. Flimby, Ellenborough & Broughton Moor, Cumbria
Staying in Cumbria
but this time closer to the seaside town of Maryport this very rural area
overlooking the Solway Firth should provide rural investors with a healthy
7.87% letting yield.
3. Loftus & Skinningrove, Cleveland
On the Cleveland
coast and a short distance from the seaside towns of Whitby, Saltburn and the
North Yorkshire Moors National Park Loftus and Skinningrove offer a buy to let
return of around 7.67%.
4. Shildon, County Durham
Located in
semi-rural County Durham yet easily accessible by the A1(M) for travel across
the north east Shildon can offer property investors a solid 7.2% annual income.
5. Torpoint, Cornwall
Just across the
River Tamar from the city of Plymouth and easily reachable by ferry Torpoint
offers a healthy 6.88% return. The Rame Head Heritage Coast and some of
Cornwall’s best-but-least-known seaside villages are just 15 minutes away.
6. Newbiggin by the Sea, Northumberland
Located on the
rugged Northumberland coast, but just 23 minutes drive from Newcastle upon
Tyne, the seaside town of Newbiggin offers investors a yield of 6.33%.
7. Askam & Dalton North, Cumbria
North of the busy
town of Barrow in Furness but within just a few miles of the Lake District
National Park and the Cumbria coast 6.32% is available to investors in Askam
& Dalton.
8. Longtown & Border, Cumbria
A short drive from
the border city of Carlisle, the M6 motorway and the Scottish Border the wide
open spaces around Longtown can reward investors with an average 5.66% return.
9. Grimethorpe & Brierley, South Yorkshire
This former
coalfield area is surprisingly rural, with miles of open countryside, yet has
great access to the M1, A1 and A1(M) for those travelling around South
Yorkshire. Grimethorpe near Barnsley can
also offer investors a 5.66% annual return on their money.
10. Hoo Peninsula, Medway, Kent
This backwater
within north Kent still has easy access to both Gravesend and the Medway towns.
London can be reached in around an hour by train to St. Pancras. Investors
should be looking to earn around 5.52% here.
About our results. Locations have been selected from the top 50 rural areas (using MSOA11 areas) in England sorted by the average (median) yield available on the market at time of preparation. The market used is a sample of property listings from Rightmove. Yield is estimated from the property asking price and an estimate rent for a property of that size and type in the given area.
Our data has been
collected using PaTMa
Property Prospector. PaTMa Property Prospector software helps
property investors find and analyse the very best new property investment
opportunities. PaTMa works by collecting, analysing and presenting
complex data in a clear and simple way. It helps investors be better organised,
find the best investment opportunities more easily, and saving time and money
in the process.
You can find out
more about PaTMa
Property Prospector, and claim a free trial, here.
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