Best locations for buy-to-let in the UK revealed
Despite the introduction of profound changes to the taxation of buy-to-let investments, leaving many landlords facing higher tax bills, there are still are still parts of the UK where investors can find attractive returns.
The best area to currently invest in is the North West of England, according to research by property investment portal One and Only Pro, where a combination of affordable property prices and high demand from rental accommodation, including from large student populations, means that there are some good rental levels achievable, not to mention high yields.
The North West city of Salford tops the charts of Britain's towns and cities where houses are cheaper to buy, but rents are comparatively high, according to the study by the AI powered property website that has ranked the top 172 buy-to-let locations using its unique algorithm.
Investment properties across England and Wales were given a score from one to ten, with properties rated ‘ten’ being the most likely to increase in value.
The five locations with the highest concentration of top scoring properties can be found in the North West of England.
Properties in Salford were given the top score by One and Only Pro include a three-bedroom flat priced at GBP 130,000; it has a 12% potential yield and expected rental income of up to £1,300 per month.
Burnley came second with 20% of the properties showing the greatest investment potential, while Birkenhead and Bootle shared third place with 16%.
Blackpool at 12% took the last place in the top five.
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