RWinvest Study: Liverpool Is Top City for Energy Efficiency

According to our study, Liverpool and Sheffield are the two cheapest cities in the UK for energy bills. Glasgow completes the top three. In comparison, Manchester, Newcastle, and Birmingham are some of the most expensive places for energy bills.

If you are considering investing in property in London, your chosen property could face some of the highest bills in the UK, with the average for two residents coming in at a costly £236 per month.

The average cost of utility bills per month in Liverpool is £180. Meanwhile, Sheffield costs £142 and Glasgow costs £172.

The current cost-of-living crisis has forced most people in the country to tighten their pursestrings and take greater care with their money. As such, most tenants are looking for properties that help them save on their energy bills.

If you’re looking for low-risk property investments in the UK, then you must consider tenant satisfaction as a major part of your buy-to-let strategy.

According to uSwitch, a property’s EPC rating is one of the factors tenants consider when choosing a property. This shows that energy-efficiency properties will be more in demand. As such, landlords can charge more expensive rents, increasing their ROI.

In addition, if you are faced with void periods in between tenancies, it helps to have lower energy bills to cover.

Local distributors in different regions set their own charges for energy suppliers. As such, they pass additional costs to consumers via energy bills.

Some regions can provide cheaper energy rates because they have ample fossil fuels or alternative renewable energy sources.