Complex Buy To Let
Hull named best coastal town for buy-to-let investment
The Yorkshire town of Hull has topped a poll of coastal towns for buy-to-let investment as it offers the highest rental yields.
The latest buy-to-let index from short-term lender LendInvest looked at seaside postal areas in England and Wales to find out which offered the best average yields for landlords.
Hull topped the poll, providing 10.7% in rental yields in resorts such as Withernsea, this was followed by Blackpool where 8.2% in returns can be achieved.
Christian Faes, co-Founder and chief executive of LendInvest, said the areas that topped the survey may not have been the most obvious areas for investment at first.
“When you think about investing in property in a seaside town, many will immediately think of places like Brighton and Eastbourne. But as our research makes clear, investing in the right Northern seaside towns, for example, could prove a lot more lucrative,” said Faes.
“Seaside towns often enjoy strong demand from renters, whether that’s for year-long tenancies or for a couple of weeks over the holiday months.
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“However, it’s crucial that would-be property investors do their research on the area to gauge just how much demand there is, and what sort of competition they face. It’s not enough to rely on the allure of ice cream and sea air!”
Llandudno in North Wales took third spot in the poll, with buyers in Colwyn Bay making rental yields of 6.1, while Barry in Cardiff was fourth where yields of 6% are available.
