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:
- 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).
- Bradford
- Yield: 10.7%
- Details: Known for low property prices and strong rental demand, making it a cost-effective option for investors (Sourced Franchise).
- Leeds (LS4)
- Yield: 10%
- Details: Central Leeds is popular due to its large student population and vibrant economy (Sourced Franchise).
- Sunderland
- Yield: 8.5%
- Details: Sunderland offers high yields thanks to affordable property prices and consistent rental demand (Sourced Franchise).
- Burnley
- Yield: 8.4%
- Details: Burnley is known for its affordable property prices and strong rental demand (Zoopla).
- Glasgow
- Yield: 8.07%
- Details: Glasgow remains a strong contender with a high student population and affordable property prices (Sourced Franchise).
- Dundee
- Yield: 7.9%
- Details: This Scottish city benefits from robust tenant demand and more affordable property prices (Sourced Franchise).
- Nottingham
- Yield: 7.27%
- Details: Nottingham’s central areas are popular due to the large student population and vibrant city life (Zoopla).
- Hull
- Yield: 7.45%
- Details: Hull offers a strong rental market with affordable property prices (Zoopla).
- 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).