Liverpool proves profitable for buy-to-let investors in 2017
Merseyside is one of the most profitable areas to locate your buy-to-let investment, according to property website Rightmove.
Rightmore has said the highest potential yields for landlords can currently be found in Bootle, Birkenhead and St Helens in Merseyside.
Landlords can expect to make solid returns in these areas due to lower average house prices.
Bootle currently offers landlords a yield of 9.3%, while in Birkenhead landlords could get a yield of 7.5%.
GW’s property expert Emma Coffey comments:
“We are hearing more and more positive forecasts about Liverpool and the Merseyside region by the day, which is very promising for a conveyancing firm to hear in regards to its home city!
“Liverpool is indeed a fantastic place to live, work or invest and these latest findings by Rightmove support that.
“Either way, with some notable changes happening this year for right-to-let investors such as new tax relief rules, it is always worth your while to enlist the advice of a good property solicitor.”
Here are the rental hotspots with the highest yields, according to Rightmove:
1. Bootle, Merseyside, 9.3%
2. Birkenhead, Merseyside, 7.5%
3. Burnley, Lancashire, 7.2%
4. Accrington, Lancashire, 7.1%
5. Swansea, Wales, 7%
6. St Helens, Merseyside, 6.9%
7. Glasgow, Scotland, 6.9%
Content correct at time of publication