Top Three Places To Invest named in new league table

Top Three Places To Invest named in new league table


Todays other news
The idea comes from HMO management platform COHO...
Residents have started moving in to this decade-long project...
The right property type and postcode are essentials for successful...
The market is the most tempting for investors for the...
The analysis is by London lettings agency Benham and Reeves...


The Confused. com service has analysed rental yields, educational achievements and local amenities to come up with what it claims are the top three places in the UK to invest. 

They are Newcastle upon Tyne, Dundee and Aberdeen.

Rank

Local authority

Average rental yield

Happiness /10

Adults with 2 A-levels (or equivalent)

Average parks, public gardens, or playing fields within a 1,000m radius

Total Restaurants

Restaurants per 10,000 people

Total things to do

Things to do per 10,000 people

Overall score /10

1

Newcastle upon Tyne

4.58%

7.49

62.9%

7.99

2,698

90

649

23

8.30

2

Dundee

5.19%

7.23

68.4%

4.94

1,475

100

242

15

8.10

3

Aberdeen

5.47%

7.47

68.0%

3.41

2,126

93

367

17

8.02

Confused has also comes up with top tips for those starting in property investment:

Understanding the opportunity: The first step is learning as much as possible about property investment. You can do this by reading books, attending seminars, joining online forums, and speaking to experienced property investors.

Define your investment goals: Identify your long-term financial goals and objectives. Are you looking for capital appreciation, rental income, or both? Your goals will influence your investment strategy.

Build a financial plan: Understand your current financial position and build a comprehensive plan. This includes your budget, cash flow analysis, and an estimate of your projected expenses and income.

Consult a mortgage broker: A mortgage broker can help you understand the best financing options and which buy-to-let mortgage works for you. They can also help you with the pre-approval process and guide you on how to qualify for a loan.

Shop around for the best rates: Just as you would compare properties or any other investments, it’s essential to compare mortgage rates. Different lenders offer varied rates and terms, which can significantly affect your monthly payments and overall return on investment. Shopping around and comparing offers can save you significant money in the long run. A consultation with a whole-of-market mortgage broker can provide insight into the market’s available rates.

Do market research: Study the property market in the area you’re interested in. Consider factors such as property prices, rental demand, and future development plans.

Choose a suitable property: Once you understand the market, you can search for a property that aligns with your investment goals. Keep in mind factors such as location, size, and amenities.

Consider property management: If you plan to rent the property out, consider hiring a property management company. They can handle tenant acquisition, rent collection, and property maintenance on your behalf.

Understand legal requirements: Be aware of the legal requirements of being a landlord. This includes local property laws, tenant rights, and health and safety regulations.

Seek professional advice: Seek advice from brokers, estate agents, accountants, and lawyers who can provide valuable insights and help you navigate the buy-to-let investment process.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
The Renters Rights Bill need not be seen as an...
London rents have risen 50% since 2020 says Knight Frank...
No fault evictions, which will be banned under the Renters’...
Landlords are optimistic about their own properties, but not about...
The idea is part of the Financial Conduct Authority's review...
If conditions are met, it’s possible to buy a probate...
Picturehouse has now won a judgment against the landlord London...
Recommended for you
Latest Features
The idea comes from HMO management platform COHO...
Residents have started moving in to this decade-long project...
The right property type and postcode are essentials for successful...
Sponsored Content
We buy any type of property – no matter the...
As the property industry shifts towards sustainable practices, Inspired Property...
Are you concerned about rising interest rates and their potential...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here