New research reveals UK's buy-to-let yield latest hotspots

While new and established landlords alike continue to search for the best landlord tenant referencing service, many will be intrigued to read about a new buy-to-let interactive heatmap released by credit comparison site TotallyMoney.com. The heatmap is based on research into more than 2,600 UK postcode districts, and provides a convenient overview of the average yields from rental properties across the country.

Delivering the highest yield in England, Scotland and Wales, according to the research, was Sheffield city centre (S1 postcode) with 11.1 per cent, followed by the respective 10.4 per cent and 9.2 per cent yields from Aberdeen (AB24) and Bradford (BD1). The national average buy-to-let yield was 4.17 per cent, with above average yields mostly being seen in Scotland and northern England.

However, there are also still several areas of the capital where higher than average yields can be attained, led by Plaistow (E13, 5.78 per cent), East Ham (E6, 5.55 per cent) and Edmonton (N18, 5.45 per cent). Above average buy-to-let yields were also recorded in Deptford and Bow, despite London's average yield of 3.4 per cent being the lowest of any UK city.

Nonetheless, those seeking the best landlord tenant referencing service can be left in no doubt about the geographical divide between the north and south as far as rental yields are concerned, with other locations in the top 10 including Manchester, York, Greenock, Aberdeen, Glasgow and Paisley. Indeed, Southampton was the sole city outside the Scottish and north/Midlands regions to figure in this top 10.

The overall picture garnered from the analysis of 751,600 properties for sale or rent is of soaring demand for rental properties - by 18 per cent across the UK in the past year. In the capital alone, that figure is 50 per cent. Meanwhile, the same period has seen a 19 per cent drop in supply (3 per cent in London). Such a combination of figures has made the rental market ever-more competitive, with up to seven tenants viewing each property.

The opportunities are clear for both prospective and current buy-to-let investors on the lookout for a landlord tenant referencing service, with TotallyMoney.com CEO Nigel Pocklington observing: "Although property prices are rising faster in London than the rest of the UK, this growth rate hasn't been mirrored in rent prices. Property investors looking for high yields on rental developments could see the best returns from northern cities or Scotland."

Editor’s Note: Advanced Rent (http://www.advancedrent.co.uk) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Email: info@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.