The top 10 places in UK with best rental yields in 2024

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In 2024, several UK cities and regions offer attractive rental yields for property investors. Here are the top ten locations currently providing the highest rental yields:

  1. Manchester (M14)
    • Yield: 10.1%
    • Details: This area, including Fallowfield and Rusholme, benefits from a large student population and interest from young professionals​ (Reinventing Home Finance)​.
  2. Bradford
    • Yield: 10.7%
    • Details: Known for low property prices and strong rental demand, making it a cost-effective option for investors​ (Sourced Franchise)​.
  3. Leeds (LS4)
    • Yield: 10%
    • Details: Central Leeds is popular due to its large student population and vibrant economy​ (Sourced Franchise)​.
  4. Sunderland
    • Yield: 8.5%
    • Details: Sunderland offers high yields thanks to affordable property prices and consistent rental demand​ (Sourced Franchise)​.
  5. Burnley
    • Yield: 8.4%
    • Details: Burnley is known for its affordable property prices and strong rental demand​ (Zoopla)​.
  6. Glasgow
    • Yield: 8.07%
    • Details: Glasgow remains a strong contender with a high student population and affordable property prices​ (Sourced Franchise)​.
  7. Dundee
    • Yield: 7.9%
    • Details: This Scottish city benefits from robust tenant demand and more affordable property prices​ (Sourced Franchise)​.
  8. Nottingham
    • Yield: 7.27%
    • Details: Nottingham’s central areas are popular due to the large student population and vibrant city life​ (Zoopla)​.
  9. Hull
    • Yield: 7.45%
    • Details: Hull offers a strong rental market with affordable property prices​ (Zoopla)​.
  10. Blaenau Gwent
    • Yield: 7.58%
    • Details: This area in Wales has seen high yields due to its affordable housing and rental demand​ (Zoopla)​.

These locations highlight the regional disparities in rental yields across the UK, with Northern and Midlands cities offering some of the highest returns for buy-to-let investors. While London and the South East have lower yields due to higher property prices, they still offer potential for capital appreciation in specific areas​ (Reinventing Home Finance)​​ (Zoopla)​​ (Sourced Franchise)​.