Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Sunderland, Aberdeen, and Burnley Lead UK for Gross Rental Yields
A new analysis has identified Sunderland, Aberdeen, and Burnley as the three highest-yielding cities in the UK for landlord investors. Sunderland tops the list with an average gross rental yield of 9.3%, followed by Aberdeen at 8.3% and Burnley at 8.2%.
According to the analysis, Sunderland offers an average monthly rent of £659 and an average property price of £84,924. This results in the highest average gross yield among UK cities, with Sunderland’s yield being 1% higher than any other city included in the analysis. The report also notes that average rents in Sunderland are less than half of those typically found in London.
Aberdeen ranks second, with an average monthly rent of £734 and an average property price of £106,170. Burnley follows in third place, with an average monthly rent of £634 and an average property price of £92,473.
These findings may be of particular interest to letting agents and inventory clerks seeking to advise landlord clients on potential investment locations with strong rental returns. The data highlights regional differences in rental yields and property prices across the UK.
Source: Landlord Today