The mean average property holding for each landlord is 6.5 properties and total market value of the ‘average’ portfolio is £1,031,000, according to a survey.
This generates an average gross annual rental income of £48,000, with an average of £20,950 being spent on repayments in the last 12 months.
Over a quarter of buy-to-let landlords are planning to increase their portfolios in the next 12 months, with 16% intending to expand their portfolios, according to the latest the latest BM Solutions quarterly index.
The BDRC Continental Landlord Panel revealed landlord optimism has risen from 28% to 37% in the last 12 months.
The survey showed 42% of landlords reporting stronger tenant demand in the last three months, compared to 37% in Q2.
Landlords in the South East and Outer London are seeing the highest demand, with demand weakest in the North east.
Yorkshire & Humber is the most profitable region with an average rental yield of 6.8% with central London at 5.3% and outer London 5.0% emerging as the least profitable for landlords.
Phil Rickards, head of BM Solutions,(pictured) said: “While the latest official figures show a degree of uncertainty creeping into the outlook for the economy as a whole, the future looks optimistic for landlords as many are reporting increased tenant demand and more than a quarter are planning to expand their portfolios.
“There is further evidence of a North-South split, with tenant demand greatest in the South East and London, whereas the greatest yields are to be found in Yorkshire & Humberside, Scotland, and the North East.”
