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Unsurprisingly their data shows that one and two-bedroom properties provide the highest rental returns for investors. Bringing average yields of 6.8% and 6.4%
Three and four plus bedroom properties are achieving an average yield of 6.2% and 5.6%.
Read more on this data on Countrywide
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We took our time before entering the buy to let market. We looked at student lets first thinking wow look at the monthly rents and yield! But factor in the annual hassle of new tenants, void months, redecoration, re-furnish, etc. We decided it was not worth the effort.
We finally decided on the small one bed flat and also focussed on new or nearly new to avoid hassle of short leases and maintenance costs. It has certainly paid off for us with long term professional tenants who are happy with a modern clean flat and have accepted a rent review every two years.
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