The PropertyĀ Skinny

The truth about what's happening in property right now

The good, the bad and the ugly

Asking Prices Near All Time High

Apr 27, 2024
Asking Prices Near All Time High

 

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

THE PROPERTY SKINNY

GetĀ smarter about PROPERTYĀ 

Join 2000+ subscribers and get our 3 minĀ weekly newsletter on what matters in property.

Read by property developers, investors, landlords, and estate agents