I read an article this week which I wanted to share with you as it highlighted the most lucrative postcodes for buy to let landlords in Manchester, with some even offering the best yields in the country.
M14 offered the 5th highest yields in the country closely at 10.1% followed by M19 which covers parts of Levenshulme, Burnage, Heaton Mersey, Heaton Chapel and Reddish which made it into the top 10 with an average yield of 8.6%.
M20 also offers particularly good returns, with an average yield of 7.1% covering Withington, West Didsbury and parts of Parrs Wood.
TotallyMoney carried out this research and ranked postcodes with more than 30 properties for sale and more than 30 properties to rent to ensure the data wasn’t skewed by small data pools.
For those of you thinking about the possibility of expanding your portfolio, it is more important than ever to maximise your returns due to changes in mortgage tax relief and tighter buy-to-let lending criteria.
Here at Julian Wadden we have an experienced Lettings Manager in each office able to help and guide you with your next purchase. Don’t forget we also have Alexander Chase Financial Services on hand to help you find the best buy-to-let deals across all lenders and give you advice on your current portfolio.