Sunderland in the North East of England is now the top buy-to-let location for rental yields, with landlords making returns of 5.3%, research from Rentround has found.
In second place is Liverpool (5.22%), followed by Blackpool (4.58%).
Parts of London also have strong yields. For example, East Ham has rental yields at 4.81%, followed by Stratford (4.0%) and Poplar, near Canary Wharf (4.0%).
Catherine Shinerock, head of marketing and customer support for Advanced Rent Option (ARO), said: “Despite the lockdowns, BTL investors are still experiencing healthy yields, with Sunderland and Liverpool offering some of the best yields in the UK and excellent occupancy rates.
“Liverpool is experiencing a booming BTL market, with demand for high-end, quality rental accommodation outstripping supply. The city has one of the largest universities in the UK and an increasing student population, combined with rising graduate job opportunities.”