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Landlords urged to turn to student towns and cities for better rental yields

Research by TotallyMoney has revealed that buy-to-let landlords facing increased taxation and diminishing profits could find better yields in UK towns and cities with a high student population.

Rental yields in university towns and cities such as Liverpool and Middlesbrough, where property prices are typically more affordable, are up to seven times higher than in London. The findings showed that two postcodes close to two of Liverpool’s three universities, L7 and L6, were the first and second hotspots for rental property investment, generating yields of nearly 12%.

Average rents in the two postcodes were £1,162 and £1,046, whereas house prices stood at £118,225 and £109,940 respectively. In third place was Middlesbrough’s TS1 town centre postcode, home to Teeside University, which offers average rental yields of 10.94%. While average rents in the area are £595 per month, the average asking house price is just over £65,000, making it one of the most affordable UK areas to invest in.

The best yields in London, meanwhile, are found in the east of the city, with Plaistow, Manor Park, Chingford, Stratford, East Ham and Poplar all ranking in the top 10 London postcodes for rental profits.

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