Over four-fifths of the best postcodes for current rental yields (85%) are within close proximity to a university campus, according to the latest research
Lettings platform Howsy has revealed that Bradford’s BD1 postcode — where BTL landlords can secure yields of 10.2% — was the best university investment option in the UK.
The average house price in the area was £54,938, while the average monthly rent was £468.
Other highlights from the research included:
“[Students] bring consistent demand via an annual flow of new arrivals, the void periods are generally much shorter, and the supply-demand imbalance puts the landlord in control when choosing a tenant,” said Calum Brannan, founder and CEO at Howsy.
“As a result, these hot pockets of BTL demand offer landlords an investment option that is almost certain to provide a healthy return despite slower market conditions and uncertain times in the BTL market.”
