Get sent to Coventry for yields

In the old days people would get sent to Coventry if they misbehaved.  Now landlords are deliberately targeting towns like Coventry for their high gross rental yields and relatively low property prices.  If you are looking for a highly cash income generating investment or 'cashcow' landlords should look to provincial towns according to research complied by Zoopla.

The research featured in the FT highlights the top 5 yielding towns all with gross rental yields of over 8% with their respective rental yields as follows:

1. Coventry 8.9%
2. Southampton 8.4%
3. Liverpool 8.3%
4. Manchester 8.2%
5. Sheffield 8.1%

A word of caution when looking at the figures.  The rental figures use the average rent for the City with the average in Southampton of £1359 per month being much higher than other comparable towns and cities would suggest that the figures use an average for all properties not just the type of property a landlord is likely to buy as an investment.  Taking into this account the asking rents for Coventry, Liverpool and Sheffield look much more achievable and believable.

Free property management software, Free tenancy agreements