Asking Prices Near All Time High
Apr 27, 2024
The average asking price of a home in Britain has risen 1.1% since last month to £372,324.
This brings average prices to within just £570 of the all-time record, reached in May 2023.
This is being driven by an increase in asking price of the ‘top end’ four and five-bedroom detached properties.
Buy-to-Let Hotspots
If you’re considering adding to your portfolio, take a look at the UK’s buy-to-let hotspots aka the highest yielding areas below.
We’ve ranked them in order of yield. Trip to Sunderland this weekend anyone?
|
City |
Average gross rental yield |
Average monthly rent |
Average price of a buy-to-let property |
|
Sunderland |
8.96% |
£626 |
£83,842 |
|
Aberdeen |
8.03% |
£689 |
£102,920 |
|
Burnley |
8.00% |
£566 |
£84,869 |
|
Dundee |
7.96% |
£774 |
£116,690 |
|
Glasgow |
7.95% |
£951 |
£143,617 |
|
Middlesbrough |
7.92% |
£613 |
£92,862 |
|
Blackburn |
7.52% |
£661 |
£105,460 |
|
Hull |
7.45% |
£612 |
£98,617 |
|
Newcastle |
7.45% |
£833 |
£134,245 |
|
Liverpool |
7.44% |
£801 |
£129,172 |
|
Stoke |
7.38% |
£735 |
£119,562 |
|
Grimsby |
7.16% |
£608 |
£101,883 |
|
Barnsley |
7.15% |
£684 |
£114,805 |
|
Bradford |
7.02% |
£692 |
£118,267 |
|
Blackpool |
6.98% |
£692 |
£119,049 |
|
Wigan |
6.96% |
£752 |
£129,656 |
|
Swansea |
6.92% |
£867 |
£150,377 |
|
Preston |
6.91% |
£784 |
£136,148 |
|
Rochdale |
6.85% |
£815 |
£142,781 |
|
Bolton |
6.80% |
£790 |
£139,483 |
|
Doncaster |
6.79% |
£678 |
£119,911 |
|
Leeds |
6.67% |
£969 |
£174,269 |
|
Coventry |
6.66% |
£1,015 |
£182,782 |
|
Nottingham |
6.64% |
£947 |
£171,146 |
|
Cardiff |
6.59% |
£1,119 |
£203,663 |
|
Wakefield |
6.56% |
£737 |
£134,826 |
|
Birkenhead |
6.54% |
£713 |
£130,914 |
|
Manchester |
6.53% |
£1,070 |
£196,603 |
|
Huddersfield |
6.42% |
£704 |
£131,596 |
|
Mansfield |
6.41% |
£732 |
£137,105 |
|
Plymouth |
6.39% |
£878 |
£164,771 |
|
Sheffield |
6.38% |
£809 |
£152,051 |
|
Southampton |
6.34% |
£1,121 |
£212,118 |
|
Newport |
6.32% |
£879 |
£166,835 |
|
Warrington |
6.30% |
£863 |
£164,258 |
|
Derby |
6.28% |
£798 |
£152,479 |
|
Gloucester |
6.28% |
£945 |
£180,449 |
|
Peterborough |
6.24% |
£907 |
£174,548 |
|
Belfast |
6.16% |
£751 |
£146,190 |
|
Ipswich |
6.16% |
£879 |
£171,273 |
|
Portsmouth |
6.14% |
£1,161 |
£226,802 |
|
Birmingham |
6.10% |
£934 |
£183,628 |
|
Medway |
6.09% |
£1,176 |
£231,635 |
|
Luton |
6.08% |
£1,145 |
£226,150 |
|
Northampton |
6.08% |
£977 |
£192,858 |
|
Edinburgh |
6.03% |
£1,263 |
£251,423 |
|
Swindon |
6.03% |
£969 |
£192,908 |
|
Telford |
5.92% |
£809 |
£164,075 |
|
Norwich |
5.83% |
£1,065 |
£219,141 |
|
Leicester |
5.77% |
£924 |
£192,229 |
|
Bournemouth |
5.68% |
£1,243 |
£262,577 |
|
Bristol |
5.66% |
£1,389 |
£294,503 |
|
Hastings |
5.58% |
£1,016 |
£218,348 |
|
Worthing |
5.52% |
£1,171 |
£254,618 |
|
Reading |
5.48% |
£1,412 |
£309,293 |
|
Aldershot |
5.47% |
£1,325 |
£290,646 |
|
Crawley |
5.46% |
£1,376 |
£302,547 |
|
MiltonKeynes |
5.41% |
£1,202 |
£266,589 |
|
Brighton |
5.39% |
£1,616 |
£360,102 |
|
York |
5.22% |
£1,111 |
£255,222 |
|
Southend |
5.15% |
£1,152 |
£268,305 |
|
London |
4.95% |
£2,047 |
£496,124 |
|
Oxford |
4.79% |
£1,667 |
£417,737 |
|
Cambridge |
4.50% |
£1,527 |
£407,603 |
|
|
|
|
|
Source: Zoopla