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Published: 2nd October 2017
Manchester property investments produced the best rental yield returns in the last quarter.
That’s according to the LendInvest buy-to-let index, which placed Manchester in the top three cities to invest in property within the UK, attracting rental yields of 6.04% and capital gains of 7.39%.
LendInvest has placed Manchester as the leading northern cities to watch, climbing from the eighth best location to invest in property in Q2 thanks to the lucrative yields and the three universities that amount to students comprising 15% of the city’s population, driving a thriving rental market.
Top 3 Areas in the UK for Buy-to-Let Investments
|
Area |
Yield |
Capital Gains |
Rental Price Growth |
|
Luton |
4.51% |
10.29% |
6.81% |
|
Colchester |
4.22% |
13.02% |
3.34% |
|
Manchester |
6.04% |
7.39% |
6.26% |
First place: Luton
Luton holds top spot, with consistently strong capital gains and a growing rental market.
Luton is an in-demand buy-to-let area thanks to a popular student market giving attractive yields.
Second place: Colchester
In Q3 Colchester joined the top three areas in the UK to invest in buy-to-let property.
A popular commuter town for London and home to the main University of Essex campus, Colchester has recorded the highest year-on-year capital gains in the UK.
Third place: Manchester
Leading the northern charge for buy-to-let property investments, Manchester is quickly becoming one of the fastest growing cities in the UK for strong returns.
A popular residential property market, coupled with three universities makes Manchester a major player for UK developments.
Top 10 Areas in the UK for Capital Gains
|
Area |
Yield |
Capital Gains |
Rental Price Growth |
|
Colchester |
4.22% |
13.02% |
3.34% |
|
Harrow |
3.91% |
12.85% |
-0.81% |
|
Ilford |
4.19% |
12.65% |
-1.15% |
|
Romford |
4.78% |
11.99% |
1.01% |
|
Slough |
3.62% |
11.54% |
0.02% |
|
Watford |
3.77% |
11.17% |
-0.84% |
|
Hull |
4.65% |
11.12% |
2.53% |
|
St Albans |
3.41% |
10.58% |
1.38% |
|
Southend-on-Sea |
4.19% |
10.50% |
2.10% |
|
Luton |
4.51% |
10.29% |
6.81% |
*Fastest growing locations in the UK for property prices
Top 10 Areas in the UK for Rental Price Growth
|
Area |
Yield |
Capital Gains |
Rental Price Growth |
|
Luton |
4.51% |
10.29% |
6.81% |
|
Manchester |
6.04% |
7.39% |
6.26% |
|
Leeds |
4.62% |
4.08% |
5.57% |
|
Rochester |
4.45% |
8.41% |
5.36% |
|
Newcastle-upon-Tyne |
4.70% |
-0.79% |
4.99% |
|
Coventry |
4.77% |
4.88% |
4.89% |
|
Stevenage |
3.96% |
9.54% |
4.84% |
|
Cardiff |
5.15% |
1.19% |
4.75% |
|
Nottingham |
4.91% |
6.47% |
4.44% |
|
Birmingham |
5.02% |
6.13% |
4.38% |
*Locations with the biggest increase in rent charged
Top 10 University Cities to Invest in Property
|
Area |
Yield |
Capital Gains |
Rental Price Growth |
|
Luton |
4.51% |
10.29% |
6.81% |
|
Colchester |
4.22% |
13.02% |
3.34% |
|
Manchester |
6.04% |
7.39% |
6.26% |
|
Hull |
4.65% |
11.12% |
2.53% |
|
Nottingham |
4.91% |
6.47% |
4.44% |
|
Canterbury |
4.17% |
7.20% |
3.89% |
|
Norwich |
4.16% |
7.68% |
3.54% |
|
Bristol |
4.38% |
7.36% |
4.33% |
|
Birmingham |
5.02% |
6.13% |
4.38% |
|
Leeds |
4.62% |
4.08% |
5.57% |
*Top university locations to invest in property
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