Residential property group Move with Us has recently produced a buy-to-let hotspot heat-map showing the best rental yields in England and Wales.
Despite the high rents achievable in London, the capital is one of the worst places in the country to be a buy-to-let investor, according to the research. It says large areas of Greater London return an average yield of less than 4%.
Their report shows B7 in Birmingham is the postcode in England that produces the highest yields for landlords with an average rental yield of 10.6%.
With that in mind, I think we should take pride in the fact that The House Crowd is regularly beating the highest yielding area in the country with yields on our long term buy to let properties usually at 11%.
Doug Shephard, director at Home.co.uk, said: â€œLandlords clearly need to be open-minded about where to invest and not simply look in their immediate area. A highly localised approach identifying the ultimate combination of in-demand property types, lower capital investment and higher rental prices will deliver good yields and fewer voids, and maximise potential returns.â€