Rental Yields in London Districts

thewaterboy

I am looking at buying a buy to let in london and am trying to find a website listing the rental yields in each district to help me decide which area to buy in. Any thoughts?

Jim_B_3

Go to rightmove, enter a postcode you're interested in looking for houses for sale. Then open another window, doing the same with places for rent. I chose NW7 at random. I find one bed flats renting for about 3% of the price of buying a one bed flat. Two beds a little better, but still pretty bad. Yields are not good in London at the moment.

Lazy_Runner

Yields get worse as you spend more money on the property, and therefore you are looking for better quality tenants.

Best yields in poor areas and/or social housing.

But anecdotal evidence suggests renting at this end of the market leads to more problems with the property and/or tenant.

Therefore for a hassle free life, many landlords try and get better properties.

ad44downey

thewaterboy wrote: »

I am looking at buying a buy to let in london and am trying to find a website listing the rental yields in each district to help me decide which area to buy in. Any thoughts?

This is the link you want:

http://www.londonpropertywatch.co.uk/average_rental_yield.html

Lazy_Runner

Thanks for that post ad44downey.

Looks like my supposition that rental yields go up in poorer places may not hold water.

thewaterboy

Yeah i had come across this website. This is the best info i have found so far, but is still not overly accurate as it includes adds from gumtree and loot which are often spam. But thanks for your help. Do you reckon these figures hold up?

mikthe20

ad44downey wrote: »

This is the link you want:

http://www.londonpropertywatch.co.uk/average_rental_yield.html

Hadn't come across that before - very useful, thanks. I can't believe yields are so low since they seem to be way below savings rates. I can't believe anyone in their right mind would buy a proper yielding less than the savings rate considering the costs and hassle of renting property.

Pobby

What rubbish yields!Imho anyone going into btl right now really should be asking themselves----why!Buying in at the top of the market is less than wise imho.

Jim_B_3

Right now it would have to be for capital gain only, and of course it's the only game in town where someone else will give you the money you need to play.