The rental yield for properties in different areas of the UK can vary widely depending on a number of factors, such as location, property type, and local demand for rental properties. However, here are some rough estimates of average rental yields for different areas of the UK based on recent data:
- London: Rental yields in London tend to be lower than in other parts of the country due to high property prices. According to recent data from Home.co.uk, the average rental yield in London is around 3.3%.
- South East: The South East of England is a popular area for rental properties, with strong demand from both professionals and families. The average rental yield in the South East is around 3.9%.
- South West: The South West is another popular area for rental properties, particularly in coastal towns and cities. The average rental yield in the South West is around 4.1%.
- East Midlands: The East Midlands is a relatively affordable area of the country, which can make it attractive to investors. The average rental yield in the East Midlands is around 4.5%.
- West Midlands: The West Midlands has a strong rental market, with high demand for rental properties in cities such as Birmingham. The average rental yield in the West Midlands is around 4.4%.
- North West: The North West is a popular area for rental properties, with strong demand in cities such as Manchester and Liverpool. The average rental yield in the North West is around 5.2%.
- North East: The North East is one of the most affordable areas of the country, which can make it attractive to investors. The average rental yield in the North East is around 5.3%.
It’s important to note that these are rough estimates based on recent data, and that rental yields can vary widely depending on the specific property and location. It’s always a good idea to seek advice from a property professional, such as a letting agent or property manager, to get a more accurate estimate of potential rental yields for a specific property or area.
