Newly promoted Aston Villa is the best place to invest in rental property with the highest average rental yields where its stadium is located in B6, Birmingham, lettings platform Bunk has revealed.
Bunk analysed the average rental yield in the outcodes, the first part of a postcode, where each Premier League stadium is. Aston Villa’s B6, Birmingham achieves yields of 6.98% on a monthly rental price of £760. The average house price in the outcode is £114,111.
Tom Woollard, co-founder of Bunk, said: “All eyes will be on this weekend’s Premier League fixtures as the competition gets underway, but if it came down to rental yields, the table would look very different now to how the actual table will look next May, as our research shows!
“Landlords who are looking to invest in the buy-to-let market could do worse than searching for properties in the midlands and further north, as one can see from the top half of our table.”
Aston Villa’s stadium in B6 in Birmingham is currently seeing an average yield of 6.98% on a monthly rental price of £760, to the delight of local landlords. The average house price in the outcode is £114,111.
The rental yield title race looks to be even closer than last season’s Premier League battle between Liverpool and Manchester City, however.
While City edged that title race by one point, Villa leads Sheffield United by just 0.01% in terms of rental yields.
Another newly promoted team Sheffield United has a great return on investment. Landlords in Sheffield’s S2 outcode receive an average 6.97% yield on a monthly rental cost of £663.
Newcastle United and Everton round out the rental yield Champions League spots in third and fourth place, though the latter’s rivals, Liverpool come fifth.
While NE1 in Newcastle upon Tyne sees an average rental yield of 6.64%, there is nothing to the separate the Merseyside rivals, who share the L4 outcode, and thus the same 6.54% yield.
Defending champions Manchester City are next with their M11 outcode, then SO14 in Southampton, WV1 in Wolverhampton and NR1, Norwich.
Manchester United’s M16 ground in Old Trafford rounds out the top half of the table.
The Gunners’ home of N7 in Holloway is next, followed by Leicester’s LE2 outcode and BN1, Brighton. Selhurst’s SE25 outcode – where Crystal Palace play their home matches – follows, ahead of WD18 in Watford and another London area, N17, Tottenham.
Burnley’s BB10 outcode sits just above the relegation zone, where SW6 in Chelsea sees a less promising average rental yield of 3.61%.
West Ham’s move to the London Stadium proves disappointing in terms of rental yields, with E20 in Stratford seeing an average yield of 3.31%.
In last place is Bournemouth, whose BH7 outcode sees just 2.91% yield on an average monthly rental cost of £871 and house prices of £358,966.
Woollard added: “It’s also worth noting that every London area with a Premier League connection sits in the bottom half of the table and West Ham and Chelsea, in particular, would face ‘relegation’.
“That’s not to say that these London declines result from the presence of Premier League stadia by any means, but landlords may want to steer clear of the capital when there are properties further north that provide a better return on their investments.”