The scariest places to be a landlord
The nights are long and cold and Halloween is fast approaching, so innovative rental platform, Bunk, has looked at where across the UK is the scariest place to be a landlord based on the current rental yields available.
On a national level, Wales is home to the most spine-tingling yields available at just 3.8%. A more worrying financial return than England (4.2%), Northern Ireland (5.4%) and Scotland (5.8%).
On a regional basis, the East of England is the most frightful at just 3.6%, with the South East and South West not far behind at just 3.7%, and the East Midlands also slipping below the four percent mark.
But where is currently the most haunting locations for landlords trying to make the best of a devilish attack on the buy-to-let sector, by a ghoulish Government intent on slashing any financial incentive?
Chiltern in Buckinghamshire is home to a chilling average rental yield of just 2.8%, along with Monmouthshire which shares the monstrously low average yield for landlords.
South Bucks, Charnwood, Cotswold, Suffolk Coastal, Powys, North Norfolk, East Devon, Kensington and Chelsea and Rushcliffe form a zombie horde of locations where the average rental yield is at just 3%.
Maldon, West Devon, Bromsgrove, Shepway, Purbeck, East Renfrewshire, Malvern Hills, Derbyshire Dales, and East Hampshire complete the top 20 scariest places to be a landlord with yields of 3.1%.
Co-founder of Bunk, Tom Woollard, commented:
“Being in the buy-to-let space can be frightful for a lot of reasons but while many can live with often temporary issues such as a nightmare tenant, a poor return on your investment is perhaps the most blood-curdling situation a landlord can find themselves in.
This Halloween, many buy-to-let investors will find themselves in the darkest spot they have been in some time, however, there are plenty of positives to take from the changing face of the UK rental sector.
By utilising the latest innovative tech platforms and products and reducing unnecessary running costs and high management fees, you can resurrect your investment and get it back in the green.”
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National – by worst rental yield
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Region
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Average Rental Yield (2019)
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WALES
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3.8%
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ENGLAND
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4.2%
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NORTHERN IRELAND
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5.4%
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SCOTLAND
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5.8%
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Regional – by worst rental yield
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Region
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Average Rental Yield (2019)
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EAST OF ENGLAND
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3.6%
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SOUTH EAST
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3.7%
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SOUTH WEST
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3.7%
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EAST MIDLANDS
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3.9%
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WEST MIDLANDS
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4.2%
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LONDON
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4.4%
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NORTH WEST
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4.5%
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YORKSHIRE AND THE HUMBER
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4.5%
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NORTH EAST
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5.1%
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Top 20 – Current worst UK rental yields
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Location
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Average Rental Yield (2019)
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Chiltern
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2.8%
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Monmouthshire
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2.8%
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South Bucks
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3.0%
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Charnwood
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3.0%
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Cotswold
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3.0%
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Suffolk Coastal
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3.0%
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Powys
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3.0%
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North Norfolk
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3.0%
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East Devon
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3.0%
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Kensington and Chelsea
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3.0%
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Rushcliffe
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3.0%
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Maldon
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3.1%
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West Devon
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3.1%
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Bromsgrove
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3.1%
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Shepway
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3.1%
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Purbeck
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3.1%
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East Renfrewshire
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3.1%
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Malvern Hills
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3.1%
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Derbyshire Dales
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3.1%
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East Hampshire
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3.1%
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Sources
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Average House Price
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Average Rental
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England
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Scotland
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Wales
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Northern Ireland
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