The Premier Rental Yield League table – who should landlords support when it comes to rental yields?
The Premier League season begins this weekend and predictions are flooding in for how the table will look come the end of the season, but by looking at the teams from a different angle, rental app Bunk have already pieced it together.
Bunk – who connect landlords and tenants without the need for letting agents – looked at the average rental yield in the outcodes (first part of a postcode) where each Premier League stadium is located and drew up a table, based on their findings.
As far as rental yield goes, it’s set to be a fairytale season for newly promoted Aston Villa, with their stomping ground in B6 in Birmingham sitting atop the table. Bunk’s research shows that the area is currently seeing an average yield of 6.98% on a monthly rental price of £760, to the delight of local landlords. The average house price in the outcode is £114,111.
The rental yield title race looks to be even closer than last season’s Premier League battle between Liverpool and Manchester City, however. While City edged that race by one point, Villa leads Sheffield United by just 0.01% here. Like Villa, a newly promoted team, Sheffield United and their fans would be over the moon to finish this high, but landlords in Sheffield’s S2 outcode don’t need to dream when it comes to rental yield. An average 6.97% yield on a monthly rental cost of £663 is a great return on investment.
Newcastle United and Everton round out the rental yield Champions League spots in third and fourth place, though the latter’s rivals, Liverpool, will have some qualms with their fifth-place finish… While NE1 in Newcastle upon Tyne sees an average rental yield of 6.64%, there is nothing to the separate the Merseyside rivals, who share the L4 outcode, and thus the same 6.54% yield. Call it a draw?
Defending champions Manchester City are next with their M11 outcode, then SO14 in Southampton, WV1 in Wolverhampton (where the Wanderers found winning ways last season) and NR1, Norwich. Manchester United’s M16 stomping ground in Old Trafford rounds out the top half of the table.
The Gunners’ home of N7 in Holloway is next, followed by Leicester’s LE2 outcode and BN1, Brighton. Selhurst’s SE25 outcode – where Crystal Palace play their home matches – follows, ahead of WD18 in Watford and another London area: N17, Tottenham.
Burnley’s BB10 outcode 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 the yield table, with E20 in Stratford seeing an average yield of 3.31%. In last place is Bournemouth, whose BH7 outcode sees just 2.91% yield on an average monthly rental cost of £871 and house prices of £358,966.
Tom Woollard, Co-founder of Bunk, commented: “All eyes will be on this weekend’s Premier League fixtures as the competition gets underway, but if it came down to rental yields, the table would look very different now to how the actual table will look next May, as our research shows!
Landlords who are looking to invest in the buy-to-let market could do worse than searching for properties in the midlands and further north, as one can see from the top half of our table.
It’s also worth noting that every London area with a Premier League connection sits in the bottom half of the table and West Ham and Chelsea, in particular, would face ‘relegation’. That’s not to say that these London declines result from the presence of Premier League stadia by any means, but landlords may want to steer clear of the capital when there are properties further north that provide a better return on their investments.”
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Ranking – by highest rental yield
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Team
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Location
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Average Rental Yield (%)
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1
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Aston Villa
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Birmingham
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6.98%
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2
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Sheffield United
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Sheffield
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6.97%
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3
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Newcastle United
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Newcastle upon Tyne
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6.64%
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4
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Everton
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Liverpool – Walton
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6.54%
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5
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Liverpool
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Liverpool – Anfield
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6.54%
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6
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Manchester City
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Manchester
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6.13%
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|
7
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Southampton
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Southampton
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6.12%
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8
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Wolverhampton Wanderers
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Wolverhampton
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5.68%
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9
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Norwich City
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Norwich
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5.03%
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10
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Manchester United
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Manchester – Old Trafford
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4.74%
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11
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Arsenal
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London – Holloway
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3.99%
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12
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Leicester City
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Leicester
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3.93%
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13
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Brighton & Hove Albion
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Brighton
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3.88%
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|
14
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Crystal Palace
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London – Selhurst
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3.77%
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15
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Watford
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Watford
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3.76%
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16
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Tottenham Hotspur
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London – Tottenham
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3.70%
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17
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Burnley
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Burnley
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3.64%
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18
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Chelsea
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London – Chelsea
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3.61%
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19
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West Ham United
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London – Stratford
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3.31%
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20
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Bournemouth
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Bournemouth
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2.91%
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2019-2020 season
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Team
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Outcode
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Average House Price
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Average Rental
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Manchester City
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M11
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£146,703
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£750
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Liverpool
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L4
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£85,825
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£468
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Chelsea
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SW6
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£817,281
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£2,461
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Tottenham Hotspur
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N17
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£432,595
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£1,335
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Arsenal
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N7
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£547,595
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£1,820
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Manchester United
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M16
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£186,387
|
£737
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Wolverhampton Wanderers
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WV1
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£110,710
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£524
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Everton
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L4
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£85,825
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£468
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Leicester City
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LE2
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£241,190
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£789
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Watford
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WD18
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£336,064
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£1,053
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West Ham United
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E20
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£626,429
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£1,730
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Crystal Palace
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SE25
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£342,122
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£1,075
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Bournemouth
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BH7
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£358,966
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£871
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Newcastle United
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NE1
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£157,510
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£871
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Burnley
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BB10
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£129,952
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£394
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Southampton
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SO14
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£203,081
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£1,036
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Brighton & Hove Albion
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BN1
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£439,770
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£1,421
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Norwich City
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NR1
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£199,410
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£836
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Sheffield United
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S2
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£114,111
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£663
|
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Aston Villa
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B6
|
£130,617
|
£760
|
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