Overall, this Northern city is certainly a prime contender in the hunt for the best place in the UK to invest in property. Developed by Legacie, Parliament Square is one of the most highly anticipated off plan developments on the Liverpool market today. Here, one-bedroom flats have an average of just £87,750. Here are the best places in the UK to invest in property for high rental returns. The closer you get to the city centre of Sheffield, the cheaper property prices become. Dean had plenty of time to assist me in selecting an apartment which was suited to my specific requirements going above and beyond in pulling extra data for me to assist this decision. read our disclaimer and terms and conditions of use. The property can’t be a flip, meaning you can’t buy a house within 90 days of a prior sale. If you’re prepared to research certain locations and spend a little more than you typically would in more affordable cities like Liverpool, Edinburgh can make one of the best places to invest in property in the UK in 2020. Currently, Liverpool’s L1 postcode ranks number one out of a list of 25 areas, boasting yields of 10%. In Brighton, average property prices according to Zoopla stand at £478,106. 983 sold. (BBC), Savills update their property price predictions, with an even higher percentage of growth expected throughout the UK. With one of the lowest average yields within our top picks for UK property investment areas, you might not automatically consider Edinburgh as a good choice for the best places in the UK to invest in property for rental returns. or Best Offer ... (115) 115 product ratings - Jumbo Home Office Calculator 8 Digit Large Button School Battery UK. That means comparing investment opportunities in different cities, looking at house price growth statistics for different areas, and finding out about the population of each city to get a better idea of rental demand. As with any property investment, however, you need to weigh up the benefits of low property prices with the risk of not getting the most out of your investment by attracting less demand. By purchasing a Liverpool property for a low price while focusing on areas which attract a lot of tenant interest, you can maximise your rental income massively. Five of the eight cities in this list of the best place to invest in property in the UK are located in the North. A total of three postcodes made Totally Money’s list of the worst buy to let areas in Scotland, with yields as low as 3.66% in the G77 postcode area. So we know that Northern cities offer some of the best opportunities for capital growth, rental yields and low-prices, but how has the market changed over recent years? Avoiding Capital Gains Tax on a Property Sale . The nearest town to Newcastle which appears in the Totally Money list is Gateshead, with 7.27% yields in the NE8 postcode. The average house price data used in our guide to the best places to invest in property were found using the property market data tool from property website and estate agent resource, Zoopla. Any improvements made that increase the value of the property (such as extensions), not routing painting, decorating and repairs. In Salford, another of Manchester’s top areas for investments, the average price for a one-bedroom flat is £158,097, highlighting better affordability outside of the city centre. With an average rental yield of 5.47% based on Zoopla data, Newcastle is definitely one to consider if you’re looking to find the best places to invest in rental property for 2020. Certain restrictions do apply however, such as having a garden/grounds larger than a football pitch, using part of your home for business purposes, letting out part of your home, or if the home was purchased to 'flip' (make a profit from a quick sale). So, with this in mind, where is the best place to buy an investment property if you want to benefit from these returns? When thinking about investing in property, it’s likely that you will have set yourself a personal budget to stick to, as this is a key part of any property business plan. Please click the button below to view and download your PDF guide. As with any investment, however, there are certain things you need to know before you make an investment purchase, and knowing about, Find Properties in UK Investment Hotspots, Invest in UK Hotspots With High Rental Yields. Should I Invest in Property in the UK? This is primarily the case when a resident sells their home. This is due to high yields in Liverpool’s L1, L6 and L7 postcodes. Auction Sale Calculator; Select Page. According to Savills, property prices in the North West region are expected to grow by 27.3% from 2020 to 2024. Manchester is expected to experience a five year growth of 16.5% in the cost of rent, which will inevitably lead to stronger rental returns. To access this helpful Guide, please fill in your details below to download now. While Scotland’s expected growth isn’t far behind, standing at 25.4%, Liverpool may be a more stable choice for investors looking for not only the cheapest place to buy property in the UK but the fastest growing, too. Just a 9-minute drive from Newcastle, Gateshead may be the smarter choice for investors who are set on a Newcastle investment but still interested in seeking the highest yields possible. This makes it more difficult to know which parts of the city investors should focus on if they’re looking to make a Newcastle investment. (Independent), Due to its thriving university scene, Newcastle was named the best university city in the UK for property investment, followed by Nottingham, Leeds, Sheffield and Manchester. This shows that if rental returns are your main motive for investing in UK buy to let, buying property up North remains a fantastic option over the coming years. However, if you sell or dispose of land or property that is not your main residence you need to be aware of the capital gains tax liability. Residential property is an excellent starting-point for first-time developers: it draws on your own home-buying and renovation experience without calling for specialist market knowledge in commercial property, storage units, offices or student accommodation. (Buy Association), Edinburgh’s property market displays strength, with the highest rate of house price growth in over a decade at 10.6%. Considered one of the best places to invest in property in the UK for 2019 and 2020, Manchester remains a firm favourite for buy to let investment in 2021. Enter the purchase and sale details of your assets along with tax reliefs and our capital gains tax calculator will work out your tax bill including all tax rates and allowances. You can calculate for a specific tax year, and the calculator will make sure the disposal dates within the correct dates. When analysing recent Zoopla house price statistics, Nottingham comes out on top as one of the best places to buy property if your focus lies with capital growth. Cleveland is another area that’s being recognised for its buy to let potential. More details about Capital Gains Tax Reliefs are available below. If you’re adamant on not buying property up North for your investment, these regions are probably the best places to buy property in the South when it comes to capital gains. All in all, this is one of the best buy to let opportunities in one of the UK’s best areas for rental properties. In 2020 especially, there has been a noticeable surge in levels of demand for rental properties, which has caused the average UK rental cost to rise by 2.1% in the year to September 2020. View Guide, Best Current UK Property Investment Opportunities. Investing in off-plan properties is an important tip for investors who want to find the most lucrative property investment opportunities. When researching property price growth over the last five years, statistics from Zoopla reveal that Liverpool has seen an 8.45% growth in property value. In research by Property Data, it was revealed that certain Manchester postcodes are capable of generating yields that exceed this overall average for the city.
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