Locating the highest yielding locations for buy to let
As a relative newcomer to buy to let investment, but a seasoned hand at web development, I decided to build a website that would help me find the highest yielding areas of the UK. The result of this is http://www.dontbettolet.com.
By leveraging Zoopla’s property data, the site compares the average rent versus asking prices in a given area. Obviously where no properties are available to rent or buy, there is no data.
You can search by postcode, view the Top10 areas, and also view a breakdown of London yields.
I will be adding further filters in the coming months.
Hope it’s of use, and any feedback gladly received.
Thanks
Will Ogden
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Buy to Let mortgage products and criteria - market update
Member Since July 2013 - Comments: 648
10:14 PM, 21st August 2013, About 13 years ago
Reply to the comment left by “Will Ogden” at “21/08/2013 – 19:40”:
Hi Will
There are two in the road for sale but under offer that precisely match others that are already rented.
The cost of property round here is well known, and the return on capital invested is low as in most of the UK, but it is certainly not 0%. If this were true, given the minimal capital growth for some years, only speculative landlords would bother to rent property out.
There is no denying that some landlords round here hold the view that the return is hardly worth the effort however, but these people tend to employ agents, let their properties fall into disrepair and rent out short term to the lower end of the market.
Thus their future capital growth potential is undermined.
Zoopla valuations are automated over simplified nonsense.
Regards
Paul Shears
Member Since August 2013 - Comments: 25
10:54 PM, 21st August 2013, About 13 years ago
had a look at this but it does not seem to make any sense to me shows net yields of 0.0 % when I am getting appro 8% must be missing something here