The Best Place to Invest in Property UK

If you fancy turning your hand to property investment but unsure where to start, we’ve got it covered. We’ve taken a look at the best place to invest in property in the UK. To work this out, we’ve looked at the average rental yield all UK cities and ranked them accordingly. We’ve worked this out by looking at the average property value and average annual rent in each city. Where does your city rank?

Ranked from bottom to top by average rental yield percentage, here are the results…

68. St Albans – 2.76%

Average property price: £581,041
Average rent: £1,336 pcm

67. Truro – 2.85%

Average property price: £320,611
Average rent: £761 pcm

66. Worcester – 2.87%

Average property price: £260,039
Average rent: £623 pcm

65. Chelmsford – 3.04%

Average property price: £387,413
Average rent: £982 pcm

64. Salisbury – 3.08%

Average property price: £341,338
Average rent: £876 pcm

63. St Asaph – 3.1%

Average property price: £225,104
Average rent: £581 pcm

62. Hereford – 3.14%

Average property price: £249,947
Average rent: £655 pcm

61. Ripon – 3.2%

Average property price: £290,495
Average rent: £774 pcm

60. Lichfield – 3.2%

Average property price: £291,353
Average rent: £777 pcm

You may also like: How Much Rent Should I Charge My Tenants?

59. Wells – 3.31%

Average property price: £308,536
Average rent: £850 pcm

58. Cambridge – 3.34%

Average property price: £455,104
Average rent: £1,268 pcm

57. Winchester – 3.36%

Average property price: £548,755
Average rent: £1,537 pcm

56. Chichester – 3.4%

Average property price: £428,867
Average rent: £1,214 pcm

55. Wolverhampton – 3.44%

Average property price: £188,146
Average rent: £539 pcm

54. Bath – 3.44%

Average property price: £444,257
Average rent: £1,274 pcm

53. Gloucester – 3.47%

Average property price: £230,997
Average rent: £668 pcm

52. Chester – 3.5%

Average property price: £254,681
Average rent: £742 pcm

51. Perth – 3.5%

Average property price: £202,679
Average rent: £591 pcm

50. Exeter – 3.52%

Average property price: £293,069
Average rent: £860 pcm

You may also like: Landlord Responsibilities – A Guide to Health & Safety Obligations

49. York – 3.55%

Average property price: £282,874
Average rent: £837 pcm

48. St David’s – 3.56%

Average property price: £234,104
Average rent: £695 pcm

47. Peterborough – 3.7%

Average property price: £217,668
Average rent: £672 pcm

46. Carlisle – 3.73%

Average property price: £157,070
Average rent: £488 pcm

45. Ely – 3.8%

Average property price: £295,045
Average rent: £935 pcm

44. Norwich – 3.9%

Average property price: £265,871
Average rent: £864 pcm

43. Leicester – 4.01%

Average property price: £216,421
Average rent: £724 pcm

42. Bristol – 4.03%

Average property price: £314,629
Average rent: £1,057 pcm

41. Canterbury – 4.07%

Average property price: £335,782
Average rent: £1,138 pcm

40. Lincoln – 4.07%

Average property price: £192,423
Average rent: £653 pcm

You may also like: A Guide to the Best Online Letting Agents

39. Wakefield – 4.08%

Average property price: £177,810
Average rent: £605 pcm

38. Derby – 4.12%

Average property price: £194,951
Average rent: £669 pcm

37. Lancaster – 4.25%

Average property price: £191,729
Average rent: £679 pcm

36. Dundee – 4.28%

Average rental price: £156,781
Average rent: £559 pcm

35. Southampton – 4.36%

Average rental price: £289,546
Average rent: £1,053 pcm

34. Hull – 4.43%

Average rental price: £133,306
Average rent: £492 pcm

33. Newry – 4.44%

Average rental price: £146,353
Average rent: £542 pcm

32. Oxford – 4.46%

Average property price: £503,570
Average rent: £1,870 pcm

31. Stoke-on-Trent – 4.53%

Average property price: £143,358
Average rent: £541 pcm

30. Bradford – 4.53%

Average property price: £129,444
Average rent: £489 pcm

You may also like: Landlord Inspections – What You Need to Know

29. Aberdeen – 4.58%

Average property price: £197,352
Average rent: £753 pcm

28. Preston – 4.6%

Average property price: £179,405
Average rent: £687 pcm

27. Inverness – 4.68%

Average property price: £177,736
Average rent: £693 pcm

26. Newport – 4.71%

Average property price: £165,970
Average rent: £651 pcm

25. Stirling – 4.78%

Average property price: £194,439
Average rent: £775 pcm

24. Brighton & Hove – 4.79%

Average property price: £385,220
Average rent: £1,537 pcm

23. London – 4.8%

Average property price: £672,390
Average rent: £2,692 pcm

22. Newcastle – 4.81%

Average property price: £203,524
Average rent: £816 pcm

21. Sheffield – 4.91%

Average property price: £187,360
Average rent: £767 pcm

20. Sunderland – 5.02%

Average property price: £139,518
Average rent: £584 pcm

You may also like: Best Apps for Landlords

19. Derry – 5.12%

Average property price: £110,884
Average rent: £473 pcm

18. Glasgow – 5.21%

Average property price: £175,623
Average rent: £762 pcm

17. Lisburn – 5.36%

Average property price: £143,435
Average rent: £641 pcm

16. Plymouth – 5.47%

Average property price: £200,655
Average rent: £914 pcm

15. Cardiff – 5.6%

Average property price: £233,833
Average rent: £1,092 pcm

14. Belfast – 5.72%

Average property price: £153,310
Average rent: £731 pcm

13. Swansea – 5.74%

Average property price: £167,147
Average rent: £799 pcm

12. Liverpool – 5.78%

Average property price: £164,838
Average rent: £794 pcm

11. Portsmouth – 5.81%

Average property price: £227,041
Average rent: £1,100 pcm

10. Edinburgh – 5.89%

Coming in at 10th place is Scotland’s capital Edinburgh. The city is a highly desirable place to live and is a huge cultural hub north of the border. Having said this, property prices are relatively low while rent remains high. This means, Edinburgh is a great place for any landlord to build a portfolio.
Average property price: £268,989
Average rent: £1,320 pcm

9. Nottingham – 5.97%

With a popular university paired with high standard of living, property investment in Nottingham could be a money maker. With a 5.97% average rental yield, this is a serious consideration for anyone looking to make money.
Average property price: £188,609
Average rent: £939 pcm

8. Birmingham – 6.27%

Proclaimed to be the second city in the UK, Birmingham was guaranteed to feature high in this list. The property prices are in line with much of the midlands while rent is high. The popular university also prevents an opportunity for those considering student lets.
Average property price: £188,235
Average rent: £984 pcm

7. Armagh – 6.42%

The Northern Irish city is claimed to be the fifth-least-populous city in the UK. Maybe that goes some way to explaining the low property prices. Rent, at least, is in line with the surrounding area.
Average property price: £105,815
Average rent: £566 pcm

6. Manchester – 6.5%

Though Birmingham takes the title of Britain’s second city, Manchester seems to be stealing the attention. It’s a highly favourable place to live, especially among the younger generations who seek a buzzy metropolitan area. This has led to rent remaining high while property prices sit in line with much of the north of England.
Average property price: £175,872
Average rent: £952 pcm

5. Coventry – 6.64%

Coventry storms ahead into 5th position in our list. As the ninth largest city in the UK, it’s no surprise it features high. The city is the only Midlands spot to break the £1,000 average rent mark.
Average property price: £195,255
Average rent: £1,080 pcm

4. Durham – 6.71%

At the business end of the list we find north-eastern city of Durham. The location is renowned for its beauty and highly respected university. There are plenty of reasons why people are attracted to the city, an alluring potential for investment.
Average property price: £159,146
Average rent: £890 pcm

3. Leeds – 6.89%

Another city that people are naturally driven to. Leeds is metropolitan city renowned for its shopping, nightlife and culture. If you consider the high rent prices and relatively low property prices, you may find yourself building a portfolio here.
Average property price: £204,644
Average rent: £1,175 pcm

2. Salford – 7.53%

If you’re looking to invest in Manchester, you may do better by looking to neighbouring Salford. The city offers similar average rent but with a reduction in average property prices, a win-win!
Average property price: £156,118
Average rent: £979 pcm

1. Bangor – 9.42%

The best place to invest in property in the UK is Bangor – an exceptional opportunity for anyone considering property investment. The house prices are aligned with the local area and pretty low. The average rent is considerably higher, exceeding £1,300 pcm.
Average property price: £169,148
Average rent: £1,328 pcm

All figures accurate on date of publish.

If you’re considering becoming a landlord, don’t get caught up in messy deposit disputes. We can help. Find out how No Letting Go’s inventory services can remove the hassle from the situation.