LETTING & ESTATE AGENT

Top seaside areas for landlords unveiled

Top seaside areas for landlords unveiled

A new study which looked at coastal towns across England and Wales has found that Hull offers landlords the highest average rental yield.

The research, conducted by online property investment firm LendInvest, revealed that buy-to-let landlords who acquire homes within the Hull postcode area can enjoy rental yields of up to 10.7% in seaside resorts like Withernsea.

The next best postal area for landlords is Blackpool. Landlords who invest in property in the town itself can enjoy rental yields of 8.2%, while tenants can make the most of being just a matter of minutes from the Pleasure Beach and donkey rides.

Llandudno in North Wales came third with buyers in Colwyn Bay typically achieving rental returns of around 6.1%.

Christian Faes, co-founder and CEO of LendInvest, said: "When you think about investing in property in a seaside town, many will immediately think of places like Brighton and Eastbourne. But as our research makes clear, investing in the right Northern seaside towns, for example, could prove a lot more lucrative.

"Seaside towns often enjoy strong demand from renters, whether that's for year-long tenancies or for a couple of weeks over the holiday months.

"However, it's crucial that would-be property investors do their research on the area to gauge just how much demand there is, and what sort of competition they face. It's not enough to rely on the allure of ice cream and sea air!"

Here are the best seaside postcode areas for landlords, and their top-earning towns:

Postcode area

  Top earning seaside town/village

  Average rental yield

Hull

  Withernsea

  10.7%

Blackpool

  Blackpool

  8.2%

Llandudno

  Colwyn Bay

  6.1%

Cardiff

  Barry

  6%

Norwich

  Caister-on-Sea

  5.7%

Carlisle

  Egremont

  5.7%

Lancaster

  Morecambe

  5.5%

York

  Scarborough

  5.5%

Canterbury

  Ramsgate

  5.2%

Brighton

  Portslade

  5.2%

Portsmouth

  Ryde (Isle of Wight)

  5.1%

Colchester

  Clacton-on-Sea

  5%

Bournemouth

  Bournemouth

  5%

Peterborough

  Chapel St Leonards

  5%

Plymouth

  Plymouth

  4.9%

Preston

  Southport

  4.9%

Lincoln

  Mablethorpe / Sutton on Sea

  4.7%

Torquay

  Torquay

  4.6%

Truro

  Hayle

  4.6%

Bristol

  Weston-super-Mare

  4.6%

Southend-on-Sea

  Southend-on-Sea

  4.4%


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