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Best Buy to Let Areas

By Steven Bond - 07 March 2018

Landlords looking for the UK’s best buy to let areas in 2018 should focus some of their attentions in Essex.

Lend Invests’ latest Buy to Let Index suggests that apart from Manchester, some of our towns in Essex are amongst the top ten in the UK

Where are the best buy to let areas?

The Buy to Let Index is compiled using data from The Land Registry and prominent property portals, and uses all postcodes in England and Wales. It considers key metrics of rental yields, capital gains, rental price growth and transaction volume growth.

Commuter belt towns surrounding The Capital remain some of the best places to buy to let, and these include Southend-on-Sea and Romford.

However, overall Colchester is ranked in second place behind only Manchester, and it has the strongest capital gains of all postcode areas over the last 12 months.

According to the research, here are the 10 best overall buy to let areas within which to invest during 2018:

  1. Manchester
  2. Colchester
  3. Luton
  4. Rochester
  5. Southend-on-Sea
  6. Hull
  7. Romford
  8. Norwich
  9. Leicester
  10. Ipswich

 

Best buy to let areas for capital gains

Of the top 10 areas across England and Wales for capital gains, in 2017, 3 are within Essex, and with the pending arrival of Crossrail into a number of Essex towns during 2018, further surges in capital growth will, we believe, be witnessed. Ultimately this makes Essex and certain towns within it a hotbed for buy to let investment.

  1. Colchester – 11.96%
  2. Southall– 11.09%
  3. Hemel Hempstead – 10.2%
  4. Slough – 10.19%
  5. Harrow – 9.89%
  6. Ipswich – 9.44%
  7. Luton – 9.16%
  8. Southend-on-Sea – 9.12%
  9. Ilford – 8.82%
  10. Hull – 8.46%

Please see below an example of a feature property which is currently available on our investor Buy to Let list.

Colchester

Spacious and modern 2 bedroom apartment with balcony and allocated parking.  Will provide very popular with tenants.  119 years unexpired lease.  Annual service charge currently £1,500 plus £250 p/a ground rent.

Asking price £155,000

Projected Rent £8,700 p/a (£725 pcm)

Anticipated gross yield 5.61%

Gross yield shown is calculated against current asking price and would improve if purchased at any price below this. Ref 461185.

To see our latest of buy to let opportunities across Essex, just click here.