A Rental Yield Of Their Own
As a Liverpool fan, my excitement for the new football season knows no bounds and, when coupled with my passion for buy-to-let, I could hardly contain myself when I stumbled across some research which offered the best of both worlds.
Lettings platform Bunk analysed the average rental yield in the outcodes, the first part of a postcode, where each Premier League stadium is – and the rental yield title race was even closer than last season’s Premier League battle. While Man City sadly edged that particular race, two newly promoted teams vied for this particular trophy with Aston Villa’s B6 in Birmingham just pipping newly promoted Sheffield United’s S2 to the title.
B6 was reported to achieve yields of 6.98% on a monthly rental price of £760 (average house price of £114,111), a fraction more than landlords in Sheffield’s S2 outcode, who receive an average 6.97% yield on a monthly rental cost of £663.
Newcastle United secured third for a Champions League spot with an average rental yield of 6.64% but goodness knows how the other place would be decided as there was nothing to separate Merseyside rivals Liverpool and Everton who share the L4 outcode and thus the same 6.54% yield.
Defending champions Manchester City were next with their M11 outcode, then SO14 in Southampton, WV1 in Wolverhampton and NR1 in Norwich. Manchester United’s M16 ground in Old Trafford completes the top half of the table. The Gunners’ home of N7 in Holloway is next, followed by Leicester’s LE2 and BN1 in Brighton. Selhurst’s SE25 (Crystal Palace) follows, ahead of WD18 in Watford and another London area, N17, Tottenham. Burnley’s BB10 sits just above the relegation zone, where SW6 in Chelsea sees a less promising average rental yield of 3.61%. West Ham’s move to the London Stadium proves disappointing in terms of rental yields, with E20 in Stratford seeing an average yield of 3.31%. In last place is Bournemouth, whose BH7 outcode sees a yield of just 2.91%.
It’s great to see Liverpool still riding relatively high in the table but I don’t expect this to reflect the final Premier League table, although at this stage I would take my chances if we were guaranteed to finish above Manchester City and United.