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Wednesday, June 14, 2017

Liverpool tops the rental yield charts

Liverpool offers landlords the country's highest rental yields according to data from Private Finance.

Their calculations have the Top Ten Cities average rental yields ( taking into account mortgage costs ) in the following order : Liverpool at 8%, Nottingham at 5.6%, Coventry at 5.4%, Greater Manchester at 4.3%, Portsmouth at 4.2%, Cardiff, Blackpool, Lincoln at 3.9%, Bournemouth at 3.8% and Southampton at 3.7%.

Mish Liyanage of The Mistoria Group, comments: 

“Faced with increased taxation and tougher mortgage lending criteria, it’s so important for landlords to ensure they invest in properties that will maximise rental income and minimise void periods.

Student property gives good returns on investment, as it delivers high yields and full occupancy. There is huge demand for shared student accommodation near the four universities and with a student population of around 60,000 and 60% of them requiring accommodation, Liverpool is great place to invest.

Increasingly, investors are looking for new and renovated property for the sole purpose of the university students, many of whom want to live in affordable, shared accommodation. Over the last 12 months, student rents in the city have risen by 23% and now sit at an average of £128 per month as of May 2017.

HMO student accommodation gives landlords much higher yields than a three-bed single bed property or a student pod. HMO properties can generate this significant increase in revenue because they are rented out to individuals, on a room by room basis. HMOs often provide between four and ten rooms, rented to individual tenants. Rent will typically include the internet, general utility bills and Council Tax.”

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