Cardiff Postcode CF24 reaches top 10 position for highest rental yields in Buy-To-Let.
Looking back at the start of the year, a significant rush in purchasing property investment prior to the 3% Stamp Duty Land Tax surcharge highlighted the popularity of buy-to-let investors as an attractive investment at a time where interest rates were low. The Buy-To-Let boom has only proved further how Britain has become gripped by property investment, where more and more people come to the realisation that property is a lucrative industry. It has significantly outperformed all major asset classes in recent years, with a total annual returns from Buy-To-Let reaching 12% in 2015 or £21,988 in absolute terms. Here we take a look at the best rental yields currently available.
The new ‘TotallyMoney Buy-to-Let Yield Map’ highlights the UK’s buy-to-let hotspots providing both an interesting insight into the market and a useful tool for buy-to-let landlords. The research, analysed 137,955 rental properties and 303,822 properties that were marketed for sale online on the 1st of October 2016. Nine out of the 10 highest yielding postcode districts are in Scotland and the North/Midlands regions, with the 10th position being Cardiff, South Wales. The 10 lowest yielding postcodes, with the exception of Edgbaston and Holland Park in Birmingham, are all in Greater London, the South East and the South Coast.
The fact that Cardiff is a ‘winning postcode’, only furthers our claim to being the leading Property Agent in Cardiff. Keylet Sales specialise in Buy-To-Lets within the CF24 postcode covering the popular student investment areas such as Cathays, Plasnewydd and Roath, as well as reaching new up-and-coming areas such as Adamsdown and Splott. With over 97% of vendors achieving asking price when they sell through Keylet, as well as proven success in selling 100% of some of Cardiff’s most popular developments, Keylet cater to buy-to-let landlords through our well established Keylet Lettings Agency. Our dedicated lettings team ensures investors obtain a high rental yield. We are equally proud to boast 100% occupancy rates in our student letting accommodation, Richmond Square, based in CF24, which highlights our experience and confidence in the local market.
If you are looking to purchase a property as an investment, please don’t hesitate to contact a member of our sales team on 02920488900 or firstname.lastname@example.org
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Published: October 24, 2016BACK TO NEWS LIST