Editor's note: This brief was summarised by The Property AI Team from a report by PropertyWire. Read the original article for full details.
Newcastle Tops England's Rental Yields at 6.9%, Research Finds
Newcastle upon Tyne has been identified as the highest-yielding rental market in England, with average yields reaching 6.9%. This is according to new research from The Letting Partnership, as reported by PropertyWire.
The analysis found that the national average rental yield stands at 5.9%. This figure is based on an average house price of £293,262 and an average monthly rent of £1,446 across England.
For letting agents and inventory clerks, these findings highlight Newcastle as a particularly strong market for rental returns compared to the national average. The data may be useful for those advising landlords or managing property portfolios, as well as for professionals conducting rental appraisals and inventories in high-yield areas.
Source: PropertyWire