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UK’s top 10 high yield buy-to-le...
UK’s top 10 high yield buy-to-let hotspots revealed
Sheffield steels itself for a ‘landlord goldrush’ as it tops the list of postcodes where buy-to-let developers could turn a profit on rental properties.
The buy-to-let interactive heatmap released today by TotallyMoney.com, the credit comparison experts, shows would-be property moguls an at-a-glance view of the potential yield from rental properties across more than 2,600 UK postcode districts.1
- **Sheffield city centre (S1 postcode) delivers a table-topping 11.57% yield, closely followed by Glasgow (G21) and Bradford (**BD1_) which both offer yields of 9.02%;_
- The average 2.49% buy-to-let yield for St Albans postcodes is lower than for any other UK city.
The TotallyMoney.com Buy-to-let Yield Interactive Heatmap reveals the yield achievable in more than 2,682 postcode districts across England, Scotland and Wales, with data compiled from analysis of 751,600 properties on the market for sale or rent. In the past year, nationwide demand for rented accommodation has soared by 18%, and by 50% in the capital, while supply has dwindled by 19% (3% in London), turning the rental market into an increasingly competitive jungle – there are up to seven tenants viewing each property.2
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With over four million customers and a focus on the,one in three UK adults financially under-served by the credit industry.
TotallyMoney believes people’s financial data should work for them, and not against them. Its service provides a free live credit report and score to help customers understand their financial position, and personalised recommendations so they can start creating financial momentum.
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