Manchester Rental Yield – Good And Can Be Improved
Landlords and property investors have a lot to think about, but rental yield must be at the top of your list. At Brentwood Lettings, we are pleased to say we have helped many local landlords enjoy a great return on their property, and we are here to help you.
You’ll also find Manchester is an ideal place to act as a landlord, as a recent study highlights.
Manchester has a lot to offer
Sequre Property Investment’s looked at average rental yields between 2015 and 2020, and then ranked cities by their leading average rental yield per year. Therefore, the cities at the top have shown themselves to be consistent over time, which is something property investors need to consider.
It is one thing seeing a location offer an appealing rental yield at one point in time, but if the yield is unsustainable, it casts doubt as to the suitability of an area’s long-term benefit. This is why Manchester’s placing at the top of the ranking is great news for the city:
Manchester has an average of 5.5% per year
Sunderland comes in with an average of 5.4% per year
Nottingham carries an average of 5.3% per year
Newcastle holds an average of 5.2% per year
Leeds holds an average rental yield of 5%
Of course, while it is pleasing to see Manchester lead the way when it comes to expected average rental yields, it is important investors realise that more attractive yields can be achieved.
At Brentwood Lettings, we are pleased to say we have assisted many landlords enjoy a more attractive rental yield. Knowing the local rental market, what tenants are looking for, how to present rental property and how to offer a good service are all key factors in enjoying a greater rental yield.
Are you looking for help when letting property?
We are in a position to help you connect with tenants, and achieve a more appealing return on your investment. Contact us today to see how we can assist you as a local landlord.
Daniel Jackson, sales director at Sequre Property Investment, spoke about the figures, and the current rental market. He said; “The key is to know your market and to appreciate that property investment should be undertaken with a long-term view, rather than a smash and grab mentality. The historic market health of a given location can provide you with good insight in this respect but top-line rental yields can only take you so far.”
Daniel continued by saying; “Utilising the knowledge of those in the sector is the best way to maximise your endeavours, whether it be through a tailored investment to suit your individual circumstances, the ability to access bulk deals that can minimise the initial cost of investing or even access to off-market opportunities that aren’t open to the average buy-to-let investor.”
Daniel concluded by saying; “All of these approaches can see you secure a far higher yield in any location when compared to the general market.”
Brentwood Lettings can call on more than 19 years’ worth of experience in the Moston and surrounding areas letting sector. We are a non-franchise and independent lettings and property management agency in Manchester, and we are here to serve you. To arrange an appointment, a rental property valuation or to discuss your options, give us a call on 0161 681 3724.