The House Crowd Trumps The Highest Yielding Rental Area in England
Residential property group Move with Us has recently produced a buy-to-let hotspot heat-map showing the highest yielding rental area 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%.
Birmingham May Be Highest Yielding Rental Area in England… but we do better!
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:
Landlords 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.
Looking beyond one’s immediate area for buy-to-let investment is a good idea, and one facilitated when you invest through property crowdfunding. This is due to the fact that you don’t need to maintain the property or manage tenants through this investment model. These aspects are all taken care of for you, which means there is no requirement for you to visit the property, perform maintenance, or interact with the tenants at all.
The upshot of this is that investors are therefore free to invest beyond the area in which they are based. Indeed, even overseas investors can benefit from buy-to-let opportunities in the highest yielding rental area in England without visiting the property in person.
Another plus is, of course, that there is no need to take out a mortgage or any other form of finance to fund your investment. So long as you have the capital to invest at least £1,000 for your share in the property, you are free to invest without relying on institutions which are making it harder and harder to invest in buy-to-let.
If you want to find out more about investing through property crowdfunding, or via peer-to-peer secured lending in real estate, and benefiting from the highest yielding rental area in England, then simply register with us.
Registering doesn’t require you to invest immediately, but gives you access to further information to help you with your investment decision.
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