Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Aston Villa boasts highest rental yields in the Premier League

Newly promoted Aston Villa is home to the most lucrative rental yields where the team’s stadium is located in Birmingham’s B6 postcode.

Leading the Premier League table in Rental market figures, Aston Villa’s B6 postcodes average a 6.98% rental yield on a monthly rental price of £760, while the average house price within the postcode sits at £114,111. Bunk, a digital letting agency and rental app for landlords and tenants, analysed the postcodes where each Premier League stadium is located and drew up a table with the results. The top half of the table is dominated by postcodes in the north and Midlands.

Tom Woollard, co-founder of Bunk, said: “If it came down to Rental Yields, the table would look very different now to how the actual table will look next May, as our research shows. Landlords who are looking to invest in the buy-to-let market could do worse than searching for properties in the Midlands and further north, as one can see from the top half of our table.”

Birmingham’s Aston Villa leads the way

With Birmingham’s Aston Villa in first, the powerhouse of the Midlands continues to see strong growth in the rental market. The build-to-rent sector is especially booming. With plentiful work opportunities, a growing population of young people, and future upgrades to transportation, Birmingham is becoming an even more exciting city to live and invest in.

The tallest residential skyscraper in the city, The Bank II, is expected to be completed by the end of the year, bringing a mixture of studio, one-bedroom, two-bedroom and three-bedroom flats to the market. Demand for quality rental accommodation in Birmingham continues to make it an appealing opportunity for investors, especially with high rental yields in certain areas of the city.

The north and Midlands dominate the table

Sheffield United, another newly promoted team, is in second on Bunk’s list with the S2 postcode having an average rental yield of 6.97% and monthly rental costs coming to £663. Then, Newcastle United’s NE1 is in third, having a rental yield of 6.64%. Everton and Liverpool share the same L4 postcode, which has a 6.54% yield. Manchester City’s M11, SO14 in Southampton, WV1 in Wolverhampton and NR1 in Norwich follow. And Manchester United’s M16 in Old Trafford rounds out the top half of the table.

The north and Midlands are proving to have plentiful property investments with lucrative rental yields and more affordable prices, offering exciting opportunities for landlords and investors. Football clubs located in the south, especially in London, bring up the bottom half of the table, with the lowest rental yields and higher house prices.

The co-founder of Bunk stated: “It’s also worth noting that every London area with a Premier League connection sits in the bottom half of the table and West Ham and Chelsea, in particular, would face ‘relegation’. That’s not to say that these London declines result from the presence of Premier League stadia by any means, but landlords may want to steer clear of the capital when there are properties further north that provide a better return on their investments.”

The post Aston Villa boasts highest rental yields in the Premier League appeared first on BuyAssociation.

This post first appeared on BuyAssociation, please read the originial post: here

Share the post

Aston Villa boasts highest rental yields in the Premier League


Subscribe to Buyassociation

Get updates delivered right to your inbox!

Thank you for your subscription