Best yield location for a buy to let property
A one-bedroom flat in Wales may not be the most glamourous of property investments but it could deliver the best returns according to a new in-depth buy-to-let report.
Buy-to-let landlords see the best yields in Wales, the North and the Midlands and on one and-two bedroom homes, a survey of more than 50,000 rental properties has revealed.
Those letting in Wales are achieving an average 6.7 per cent yield (rent measured as a percentage of property price), beating the North and Midlands, which are both on 6.5 per cent.
The figures were delivered by a detailed report into buy-to-let income returns from the UK’s largest lettings agency Countrywide. It showed that average monthly rent in England, Scotland and Wales has risen for six consecutive months to hit £842 in April.
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