Yield Vs bank savings rate for BTL property?

Person calculating mortgage costs with house model on desk.

by Readers Question

9:44 AM, 11th August 2023, 3 years ago 7

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Advice Buy to Let News Landlord News Landlord News Landlords Questions

Hi fellow landlords, we have one BTL and I wonder if it’s getting to the point where it’s better sold and money placed in a 5% savings account, especially when you consider the yield at the moment.

Here are some more details below: Purchase price: 128k
Current value: approx 260k
Let for: £1150 per calendar month

We own the property outright with no mortgage. My question is: Surely I can just get the same amount if we sell this now and just place the money in a 5% savings account? However, is the yield on this BTL approximately 10%?

Thanks everyone,

Ben

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Tags: BTL, btl property yields, BTL vs Savings Account, Property investment returns, Rental yield calculation, selling BTL property, UK BTL yield, UK landlord advice

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