Skip to content

16 Nov, 2023

Buy-to-Let Landlords Choose North West for Second Properties

Want to hear about the best UK investment deals before anybody else? Sign up to our mailing list for information on lucrative investment opportunities, must-know offers, and more.

    Research Shows Landlords Are Buying Homes in North of England Over Other Regions

    Research shows that buy-to-let landlords are buying properties in the North West and North East more than other places in the rest of England – drawn to those areas due to better yields and reasonable property prices.

    Read on for the latest property investor news!

    Liverpool skyline

    Claim Your Free Buy to Let Costs Guide

    From management fees to service charge, there are a few costs to consider when investing in buy to let property. Download our free guide today on buy to let costs and get up to date with the latest fees.

    North West Appeals to Buy-to-Let Landlords

    Benham and Reeves Estate Agents analysed the number of additional properties during the years 2020-21 and 2021-22 across England.

    According to the study, the housing market saw an increase of 19.5% in second-home purchases. Transactions rose from 230,900 to 275,000 between April 2021-22 as the country moved forward following the pandemic.

    Between 2021 and 2022, purchases of second homes increased by over 25% in the North West and North East. In real terms, the North West increased from 34,000 in 2020-21 to 41,900 in 2021-22.

    Meanwhile, the North East saw an increase from 11,500 to 15,000.

    Discover the latest House Price Predictions in 2023 today with RWinvest!


    Unit A-401 Back on the Market!

    Completed Manhattan apartment back on the market in our sold out, award-winning development with £9,097 Net rental income. Move quickly to secure this unit.

    Why Do People Choose the North for Second Home Purchases?

    These findings echo a similar sentiment found in the Aldermore Appeal Index. The index revealed that people favour the North West over any other area in England regarding property purchases.

    Cities in the North West are known for strong rental yields and affordable housing. According to the HM Land Registry UK House Price Index, Liverpool’s average property price is £180,268, with the best Liverpool property investments potentially seeing rental yields of around 7% or higher in certain postcodes.

    By contrast, the UK average house price is £291,044, and the average rental yield hovers around 5.2%.

    In addition, Liverpool has a burgeoning economy, thanks to massive regeneration in the Knowledge Quarter and Baltic Triangle and development schemes like Liverpool Waters.

    These regenerative efforts have led to an increase in city centre accommodation, with properties like Element The Quarter (Liverpool’s first eco property) and the upcoming Gateway (Liverpool’s answer to New York-style living) leading the way for luxury city living in desirable UK buy-to-let hotspots.

    The findings from Benham and Reeves show a considerable increase in activity in Liverpool and Manchester, suggesting the North West’s buy-to-let benefits sway landlords.

    In the North West, Liverpool and Manchester property investment saw a 37% and 39% increase in purchases between 2020-21 and 2021-22.


    Completed 2-Bed only £179,950!

    Limited 2-bed apartments available from £179,950 in our completed and tenanted Liverpool development. Assured Net income available on this back to market deal with major savings.

      How Did Benham and Reeves Respond to the Research?

      Marc von Grundherr, director of Benham and Reeves, had the following to say about the uptick in property purchases in the North West:

      ‘Making strong returns as a second home investor is no longer a guarantee, so it appears that more are prepared to look further afield by purchasing homes in the regions where yields are stronger due to the lower initial cost of purchasing a property. A handy guide has been produced explaining what an offplan property investment is all about.

      ‘Manchester and Liverpool have been popular for some time, though growing interest in North Eastern towns like Hartlepool and Middlesbrough has been aided by low house prices. It is apparent that investing in real estate in the UK is becoming more attractive, especially to overseas investors. ‘For those who are looking to purchase an additional dwelling to live in, rather than as an investment, the beautiful nature of the landscapes in the North of England also act as a big pull to those that can afford to buy a second home.

      Delve into the latest property market insights with RWinvest! Explore our newest guides below:

      Business people sit down and discuss about property investment
      Avatar photo

      Dale Barham

      Dale is a property content writer at RWinvest. Keeping a close eye on the UK property market, Dale helps our readers stay informed and up to date on the latest market news and statistics.

      Why Choose RWinvest?

      Here are three reasons to choose RWinvest for your next UK property investment.

      We have over 2,000 five-star Trustpilot reviews

      Multiple Award Icon

      We're a multi-award winning investment company

      We offer investments in the best buy to let areas

      Contact Us

      Contact Us

      Want to Get in Touch?

      Fill in the form to contact us today and a member of our award-winning property team will be in touch to help.

        UM Google Review

        I recently had the pleasure of purchasing a flat from RWinvest, and I must say that my experience has been nothing short of exceptional. From the initial consultation to the final handover, every aspect of the process was handled with utmost professionalism, transparency, and efficiency.

        Umut Mutlu

        Google Reviews Logo
        AB Trustpilot Review

        I want to express my sincere appreciation for the outstanding service I've received during my property purchase. The entire process, from start to finish, has been remarkably smooth and efficient. Furthermore, I'd like to commend the excellent service provided by the team. Your commitment to ensuring a five-star customer experience truly shines.

        Angelina Bulgakova

        PG Trustpilot Review

        Like always it has again been a great experience with RW Invest. Chloe from the client care team was really helpful. She dealt with my queries very efficiently and professionally and supported me very well all the way through to the exchange.
        Andy from sales team was amazing as well in helping me shortlisting and finalising the unit I wanted to buy. Overall great experience

        Prab Gill

        Arrow left
        Arrow right