13 February 2015
LINLEY & Simpson's Yorkshire heartland has been singled out for producing some of the best returns for property investors, far outstripping yields in the South.
In parts of the county, landlords are reaping gross gains of up to 11%.- the highest in Britain and well above the nationwide average of 4.2%.
In fact, according to a new survey by TotallyMoney, nine of the top 10 postcodes for buy-to-let yields are in the North with Bradford and York among the hotspots.
According to Linley & Simpson, this is in part down to the good balance between the cost of properties in these areas and the rental income they generate.
The survey investigated the yield achievable in more than 2,682 postcode districts across England, Scotland and Wales, with data compiled from analysis of 751,600 properties on the market for sale or rent.
It was carried out as latest figures show that in the last year alone nationwide demand for rented accommodation has soared by 18%, turning the rental market into an increasingly competitive jungle there are up to seven tenants viewing each available property.