Investors also need to consider the rental costs associated with their property. As landlords move away from London to grow their property portfolios in cheaper locations, renters are also looking for more affordable accommodation.
With the cost of living elevated, renters look to cities like Liverpool, where there are plenty of things to do while still enjoying relatively inexpensive rental costs.
While low rent may not be high on the list of priorities for the discerning buy-to-let investor, Liverpool’s property prices are considerably lower than the national average. According to HM Land Registry, the average Liverpool property price is £176 – more than £100,000 cheaper than the UK average.
In addition, Liverpool ranks highly on Zoopla’s list of the best-yielding cities and towns, offering an average yield of 7.44% – almost 2% higher than the national average.
Further Reading: Looking for the best way to invest £50k in property? Get a complete overview of the latest market trends with our daily buy-to-let insights!
