High Yields in the North West

The North West of England has been picked out as a rental hotspot for 2017, offering double-digit rental yields in certain locations.

According to new data from Rightmove, areas such as Merseyside and Lancashire have been offering particularly strong returns. Bootle, located in Merseyside, has presented local landlords with a yield of 9.3 per cent, whilst Birkenhead offers yields of 7.5 per cent. Burnley and Accrington, both situated in Lancashire, have shown yields of 7.2 per cent and 7.1 per cent respectively.

Research from The Mistoria Group has also revealed that Liverpool offers a total yield of 10-13 per cent, fuelled by tenant demand in student-heavy areas which is up 14 per cent. This is largely down to post graduate students opting to remain in the city after leaving university, adding to the demand for affordable properties.  Overall investor demand is also up significantly by 37 per cent.

The city as a whole is undergoing redevelopment, with over £1billion of projects, including a 34-storey triple tower residential development. Investors are able to acquire a high quality 3 bed HMO suitable for students from upwards of £120,000.

Managing Director of The Mistoria Group, Mish Liyanage, commented: ‘Investors need look no further than the North West for great investment opportunities, with yields far exceeding those found in London and the South East.  Investors enjoy lower property prices and minimal void periods in many towns and cities in the North West.’