Is Southampton in the Telegraph's top 10 buy 2 let hot spots?

The Daily Telegraph Top 10 BTL Hotspots has been released, showing "The best UK towns & cities for landlord investment" based on Annual Yield calculations. The top 10 are listed below and I am pleased to say Southampton is placed at 6^th in the UK

Location	% of housing stock privately rented	Average house price	Average annual rent	Rental yield
Manchester	26.85%	£108,870	£8,628	7.98%
Kingston upon Hull	19.02%	£69,135	£5,400	7.81%
Blackpool	24.16%	£79,654	£5,856	7.35%
Forest Heath	21.80%	£171,322	£12,432	7.26%
Coventry	19.02%	£116,946	£8,424	7.20%
Southampton	23.42%	£151,415	£10,800	7.13%
Nottingham	21.64%	£89,312	£6,288	7.04%
Liverpool	21.75%	£90,426	£5,928	6.56%
Cardiff	20.32%	£150,892	£9,624	6.38%
Portsmouth	22.28%	£155,696	£9,900	6.36%

However the above table should be taken with a pinch of salt as averages can be misleading and include all types of lettings including DSS, student, family and professional in a whole host of property types. Here in Southampton we achieve sub 6% on prime flats and houses, between 6% and 7% on good secondary and over 8% on student and ex-council stock. Clearly your level of capital growth will vary with each asset class, so it is not all about yield!

You also need to ensure you buy the right type of property in the right area and don’t overpay, it can take years to get it back. We know the Southampton market really well and if you are tempted to invest here please do drop in for a chat or call me on 023 8001 8222 or email brianlinehan@belvoirlettings.com

Click here for the Telegraph’s full article,  http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/11633681/Buy-to-let-hotspots-for-2015-revealed.html?WT.mc_id=e_DM22265&WT.tsrc=email&etype=Edi_Pfi_New&utm_source=email&utm_medium=Edi_Pfi_New_2015_06_03&utm_campaign=DM22265