While Cambridge is a city known worldwide, the enormous price of properties is enough to deter many investors. As a first-time buyer, you may be looking for something more affordable with better rental yields.
As such, you may want to consider looking further north. After all, the further south you go, the pricier properties will be.
Many investors could find numerous cities in the North West of England with good value properties and attractive rental yields.
For example, Liverpool has an average property price of less than £180,000 (per the HM Land Registry UK House Price Index). You can also find rental yields exceeding 7.77%, with some areas potentially offering more lucrative yields.
Even buy-to-let properties in Manchester – one of the biggest investment cities in the UK – have lower prices than Cambridge. The average property costs around £230,000 and typically boasts average rental yields exceeding 9%.
In addition, Savills predicts the North West will enjoy a capital growth of 20.2% by 2028 – the joint highest rate in the country.
Further Reading: Our recent Blackpool Property Investment guide delves deeper into the North West property sector, analysing the latest trends and statistics! Our team have also created a review of the Birmingham Property Investment market place for some additional inspiration.
Why not read our guide on how to invest 100k in the property sector in 2024 with our free guide.