Research by Lomond Group released today identifies the top areas in the UK for investors to buy based on rental yield.
It is interesting to note that most areas within the UK have seen growth in yield over the past 12 months. East of England average rises by 10% from 3.8% to 4.2% March 2023 versus March 2024. The average asking rent across the East of England now stands at a quite staggering £1,321 per calendar month.
The report indicates that average asking prices during the 12 month period actually dropped slightly from £382,000 down to £379,00. Whilst this might surprise many, the property market was difficult in certain quarters within 2023, although the year finished strongly and continues to grow to date in 2024.
What does all this mean? The combination of historical price growth in East of England added to the increasing rental yield makes a very strong argument for property investment within our region. To find out more about the types of yield you might expect from properties you are looking for why not try out our yield calculator or alternatively, contact one of our Asset Advisors with any more bespoke requirements about opportunities that presently exist within the AL, SG, LU and HP postal sectors.