Stoke-on-Trent is a city on the rise, and as you may already know, this is something we've been saying for quite some time. But, now it's official.
Just last year a study revealed that the Potteries has stacks of potential when it comes to property investment, and according to recent research from Property Partner, Stoke-on-Trent is the UK's number ONE buy-to-let location.
The North-South divide is indeed closing up with notable areas in the south-east, including St Alban's, Oxford, Cambridge and Central London, falling among the worst performing regarding annual rental yield.
So, we're proud to say, based on a combination of house prices, local salaries and rental returns, Stoke-on-Trent is the place to be, offering a commendable 5.67% annual return on investment, compared to the heart of the Big Smoke which currently offers a comparatively meagre 3.15%.
Based on reported calculations...
An investor would need a deposit of around £29,397 to secure the average buy-to-let property in Stoke-on-Trent on a loan-to-value of 75 percent, and the average property price in the town comes in at £117,586. As stated, the annual rental yield is 5.67 percent.
What's interesting is that not a million miles behind Stoke-on-Trent, northern towns and cities including Leeds, Middlesbrough, Newcastle, Stockton-on-Tees, Gateshead, Rotherham and Rochdale have all climbed into the top ten. The results suggest that now more than ever, the focus has been taken away from in and around London, and distributed more evenly across the country.
When you consider the fact that Stoke-on-Trent is reaping the benefits of new local developments, creative initiatives, infrastructure improvements and has an excellent choice of schools, hospitals and a thriving job market, the results make sense. Now more than ever, people want to live and work here, and many of them are looking for decent properties to rent.
That’s where you come in: invest in Stoke-on-Trent today, and you’ll reap great rewards tomorrow - it’s that simple.