According to recent research, Edinburgh tops the best rental yields for university Cities in the UK with 6.11%, beating London and the South East.
London, home to many of the best universities in the world, offers an average yield only slightly above the average at 3.97%.
While four Scottish Cities appear in the top five, Coventry comes a close second with impressive yields of 6.03%, well above the national average gross yield of 3.92%. In third place is Aberdeen (5.66%) followed by Dundee (5.11%) and Glasgow (5.07%). However, Cities in the North are not giving landlords such profitable yields. Middlesbrough and Lancaster are named as the two university cities with the lowest average rental yields in the UK at 1.47% and 1.87% respectively.
Jane Morris, Managing Director of PropertyLetByUs.com comments: “While Scottish university cities are giving great yields, landlords in Coventry are enjoying a highly profitable return on their investment, with yields of more than 2.11% above the average and 2.06% above London yields.
There has been much investment in the City and the Cathedral quarter links old and new Coventry, which has been revived with a range of pubs, cafés and restaurants. Spoon Street houses original and reconstructed medieval buildings, as well as a major club complex, which stands close to another new area for bars and restaurants.
It’s a thriving University City and there is much to offer under and post graduates and demand for rental accommodation is soaring. Over the last 12 months, rents have risen by 14% and the number of tenants looking for property has increased by 24%. It’s a great City for investors, with growing numbers of students and professionals looking for quality accommodation.
by Warren Lewis 24/11/2015
Source : http://www.propertyreporter.co.uk/landlords/where-are-the-top-ten-university-cities-for-yields.html?utm_source=Email+Campaign&utm_medium=email&utm_campaign=21136-131301-Campaign+-+24%2F11%2F2015+SHAW