You are here: Home - Buy to Let - News -

The best place for rental returns is… Romford

0
Written by:
24/02/2017
The best place for rental returns is… Romford

Romford has knocked Luton off the top spot in the LendInvest Buy-to-Let Index, climbing six places following an 8% jump in rental price growth.

The East London suburb recorded an average yield of 5.24% and capital gains of 16.55%.

Nine out of the top 10 places were in the South East, with the remaining hotspot going to Northampton.

Christian Faes, co-founder of LendInvest, said: “Consistency is clear here: suburban parts of the South East of England continue to offer the best opportunities for investors, while Inner London continues to underperform.

“The absence of a large shake-up in the top 10 buy-to-let postcodes this quarter shows some stability in the market following a year of market-moving uncertainty and geopolitical shocks. This can only be good news for property professionals: there is nothing to wait for to start investing, renovating and building.

“Landlords and investors must remember that considering rental yield isn’t enough; it’s critical to find a property that impresses across all metrics. In the quarter ahead, we’ll be watching closely a number of areas that could edge towards the Top 10, like Bristol (ranked #15), Milton Keynes (#16) and Manchester (#21).”

Bottom of the list was Swansea with an average rental yield of 4.67%, capital growth of 1.24% and 0% rental price growth.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Save money now!

See how much you could potentially save by remortgaging to a different product

Your Mortgage Guides

Guide to Offset Mortgages

Download our handy guide to offset mortgages, brought to you in partnership with Scottish Widows Bank

Read More >

How much can you borrow?

A calculator designed to help you understand how much you can borrow towards your property
Read previous post:
shutterstock_376188277
January lending at highest level in nine years

The mortgage lending market is proving robust, despite economic uncertainty and a shortage of housing

Close