where is the most profitable place to buy U …

A leading data analytics company has revealed the best places in the UK to buy investment property.

Address Intelligence has researched the best areas of the UK for investors and found that the average return on investment for renting a UK property is 5%, but it varies widely when it is broken down city by city.

According to his findings, the top 10 places to invest in rental property are: Sunderland, Blackburn, Durham, Blackpool, Oldham, Cleveland, Liverpool, Wigan, Bolton and Manchester.

Investing in rental property in Sunderland can earn an investor 7.27% in first year rents, according to the study, with an average monthly rent of £ 697. It would take an investor 14.2 years to pay off his property.

When broken down by property type, the data revealed that a townhouse in Sunderland is making the best comeback, with a semi-detached and a bungalow coming in second and third.

Terraced dwellings in Blackburn, Blackpool and Cleveland were also on the list, while a detached house in Sunderland was tenth on the list, making the port town of Wearside the best place to buy investment property in most. types of properties.

Sunderland, often regarded as one of the UK‘s most neglected and neglected cities, struggling to wake up from its post-industrial slumber, has seen massive increases in public and private investment in recent years. It is estimated that by 2024 more than £ 1.5 billion will have been invested in an attempt to transform the city center.

The “ evolving city center ” has brought many new employment opportunities, making Sunderland a more attractive place to live, according to Address Intelligence.

The city also has a large student body – home to the University of Sunderland and its staff of around 15,000 – which is likely to make it attractive to real estate investors with particularly profitable student accommodation in normal times, as property can be rented piece by piece.

Sunderland has also received much more success and international attention thanks to its starring role in the hit Netflix documentary Sunderland ‘Til I Die, which documents the ups and downs of the club and its fans.

Blackburn, another booming industrial hotbed that has seen tougher times in recent decades, has also received significant investment in recent times, with the newly renovated Cathedral Quarter at the heart of its transformation. The city now has a host of new offices and renovated college and university campuses.

In third place is the picturesque waterfront town of Durham, famous for its university and magnificent cathedral, which has one of the highest rental values ​​in the UK, offering owners the chance to earn £ 873 per month and per house. Like Sunderland, it has a large college population, with many graduates choosing to stay put even after college.

In contrast, the study found that the top 10 places to invest in rental property in the UK are:

1. West London

2. Llandrindod

3. St Albans

4. Watford

5. Hereford

6. Bromley

7. Cambridge

8. Dorchester

9. Quagmire

10. North West London

With house prices extremely high, it’s no surprise that West London is the least profitable place to buy rental property in the UK. The average house is valued at £ 930,790, which means it would take an investor 27 years of rental income to pay off their property.

Llandrindod, a small town in Wales, is also at the bottom of the list, despite (or maybe because of) being recently voted in the top 5 best places to live in the UK. With this popularity in mind, property prices are high and an investor can expect to earn only a 3.7% return per year based on an average annual rental income of 8,361. £.

When broken down by property type, the lowest rate of return in the whole of the UK is for a detached house in historic St Albans. Investors in Cathedral City – known as Verulamium in its Roman heyday – will only earn a 3.5% return each year. Plus, with an average house valued at £ 983,979, this is one of the most expensive places to buy property in the UK.

You can see the full list below.

1. Sunderland

2. Blackburn

3. Durham

4. Blackpool

5. Oldham

6. Cleveland

7. Liverpool

8. Wigan

9. Bolt

10. Manchester

11. Newcastle

12. Doncaster

13. Halifax

14. Cardiff

15. Sheffield

16. Huddersfield

17. Wakefield

18. Bradford

19. Stoke on Trent

20. Telford

21. Warrington

22. Wolverhampton

23. Darlington

24. shell

25. Chester

26. Swansea

27. Preston

28. Nottingham

29. Coventry

30. Dudley

31. Leeds

32. Walsall

33. Romford

34. Peterborough

35. Birmingham

36. Colchester

37. Newport

38. Medway

39. Brighton

40. Llandudno

41. Southend

42. Crewe

43. Luton

44. Lincoln

45. Northampton

46. Milton keynes

47. Stockport

48. Derby

49. London is

50. Dartford

51. Southall

52. Portsmouth

53. Bristol

54. Carlisle

55. Lancaster

56. South East London

57. Leicester

58. Ilford

59. Canterbury

60. Plymouth

61. Norwich

62. Oxford

63. Croydon

64. Truro

65. Southampton

66. Bath

67. Enfield

68. Bournemouth

69. Swindon

70. York

71. Sutton

72. West City London

73. Ipswich

74. Gloucester

75. Guilford

76. North london

77. Chelmsford

78. East City London

79. Harrow

80. Twickenham

81. Red hill

82. Tonbridge

83. Worcester

84. Hemel

85. Harrogate

86. Shrewsbury

87. Stevenage

88. Exeter

89. Kingston

90. Taunton

91. Salisbury

92. Reading

93. South West London

94. Torquay

95. North West London

96. Quagmire

97. Dorchester

98. Cambridge

99. Bromley

100. Hereford

101. Watford

102. St. Albans

103. Llandrindod

104. West London