North West Achieved Highest Rental Yields Across England

Rental yields being achieved by landlords in the North West are the highest of any region, revealed in data from specialist lender Paragon Bank. The North West is seeing buy-to-let properties delivering an average return of 7.84% - almost 3% above the UK average of 5%.

According to data revealed from specialist lender, Paragon Bank, the rental yields being achieved by buy-to-let landlords in the North West of the UK are the highest across the country, clocking in at an average of 7.84%. With the UK average sitting between 5-6%, it’s clear to see why the North West is the number one investment hotspot for investors across the globe.

While continuous high demand is one of the key factors of the strong rental yields, another is the relative affordability of property. According to the Office for National Statistics Housing, the most affordable local authorities were the North West, North East, and Yorkshire. This report assesses affordability by dividing average house price by gross annual workplace earnings.

“Our latest report draws on industry data to reveal that, during the last decade, the north of England has surpassed the south in terms of the proportion of buy-to-let home purchases.

I think one of the reasons why the region has increasingly gained the attention of landlords is the opportunity to generate strong returns on investment. Demand for rented homes is high in the north, as it is across the UK, and with property that can be significantly more affordable to buy compared to southern regions, landlords are able to respond, confident that they will be able to achieve above-average yields.”

Louisa Sedgwick, Paragon Bank Managing Director of Mortgages.

If you’ve been looking for the right place to invest, the North West is where you want to pursue. Perfect for investors looking to add to their portfolio, or for those looking to start their investment journey, get in contact with our specialist property consultants today to find out more about our investment opportunities.