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Merseyside town named best place to offer rental property

Theo Osborn | 15:47 Thursday 9th August 2018

Bootle in Merseyside has emerged as the best place to offer rental property, according to research by Gatehouse Bank.

The specialist bank found that the annual yield in the town was 5.6%, compared with the national average of 4.6%.

The research revealed the top 10 most and least vulnerable landlord locations in the country.

Landlords in Bootle were the least vulnerable in the country, with high yields and properties staying on the market for an average of 183 days.

However, landlords in Winchester were the most vulnerable, with a rental yield of 3.1% and an average of 248 days on the market.

The full results:

 

 

Charles Haresnape, CEO at Gatehouse Bank, said its research showed that famous northern hospitality was not a myth.

“It’s a great place not only to be a landlord, but also to live, with cities in the North and the Midlands performing much better across all indicators.

“Rental properties are let far quicker than in the South, which is no surprise when major cities like Liverpool and Manchester are within commuting distance of smaller towns like Bootle.

“What’s really striking is that in the areas that performed best, rental rates were far more affordable and this correlation underscores the symbiotic relationship between renters and landlords in areas where [the latter’s] investments could be deemed safest.”

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