Thursday, April 18, 2013

Small flats bring best yields

Countrywide’s quarterly letting index report that rents in the UK are up in all parts of the country, except for Scotland and the South East. The average rent has increased by 2.4% in the first quarter of this year compared with the same period in 2012.

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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1 comment:

  1. AnonymousApril 20, 2013 at 5:43 PM

    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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