Liverpool Vs London: The Best Buy to Let Yields
Every city has a postcode area which generates the best possible rental yields for investors. Higher yields tend to be found in areas where property is more affordable to purchase, while rental costs remain high. So, when it comes to the best buy to let yields in Liverpool vs London, which city offers the most potential?
L1 – Liverpool
Spanning Liverpool City Centre, L1 is a postcode area which ticks all the boxes in terms of buy to let appeal. Offering yields of 10%, L1 has the top spot as the best buy to let postcode in the UK, outranking other high yield areas like Glasgow and Leeds. With an average property price of £112,380 according to Zoopla, those looking to invest in this Liverpool hotspot can expect to pay a lot less than they would elsewhere, without sacrificing quality. With a wide range of demand from students and young professionals thanks to trendy spots like the Baltic Triangle and regeneration projects such as Liverpool One, investing in the L1 area is an all-round attractive option.
E12 – London
For those keen to find the best buy to let areas in London, look no further than E12. Offering rental yields of 6.04% – the best buy to let yields in London – London’s E12 postcode is ranked as the best buy to let area in the city. Home to the Manor Park district of Newham and Redbridge, this part of London is attracting attention for its investment potential due to the highest London yields, and lower property prices compared to other parts of the capital. With an average price of £396,693 according to Zoopla, buy to let London property in the E12 postcode isn’t exactly cheap when compared to L1, but still lower than the average price paid in more affluent boroughs. While 6.04% is low in comparison to Liverpool’s 10% yields in L1, it’s certainly one of the highest yields investors can get from buy to let in London right now.
