Portico, London estate agent, have created an interactive rental yield map , which enables landlords to get an indication of potential rental income at the click of a mouse.
Their clever map works by analysing thousands of properties’ details on a daily basis.
Click here to see their interactive rental yield map
Rental yields fall as property prices rise
A few years ago it was possible to achieve + 6 per cent yields on many rental properties. Unfortunately for landlords, house prices have risen at an incredible rate in recent years, causing rental yields to drop significantly. Today rental yields of less than 4 per cent are commonplace, so landlords need to be smarter than ever about where they are investing.
Yields can vary substantially on street level
Portico’s rental yield map analyses the granular data within each borough, showing that small differences between postcodes and even between opposing ends of a street can make a big difference to the rental yield.
These local rental hotspots are areas which are more attractive to renters than they are to potential purchasers. Portico have discovered that ex-local authority properties near transport links typically fall into this category.
Portico have 11 branches across London: Acton , Battersea, Bloomsbury, Camden, Clapham, Dulwich, Fulham, Hammersmith, Highbury, Islington and West Hampstead.
