The latest Buy-to-let Index Quarterly Report produced by LendInvest has once again ranked Luton as the UK’s number one location for buy-to-let property.
The report, which was released in July 2018, compared the performance of UK postcodes and calculated a score based on yield, capital gains, rental price growth and transaction volumes.
According to the report, Luton’s property market was the best performer in terms of capital gains, with a 7.29% increase recorded between Q2 2017 and Q2 2018.
In this latest report, Luton has reclaimed the number one spot for the third time since December 2016, making it a prime location for buy-to-let investors looking for growth potential.
Buy-to-let yields by postcode
Property in Luton offers some of the highest rental yields in the UK.
Located just 22 minutes by train from central London, Luton has emerged as a popular choice for investors and renters alike. Excellent transport links and reasonable property prices has helped push Luton back to the number one location for buy-to-let investment.
In terms of buy-to-let yields by postcode, rental price growth increased by an impressive 3.7% between Q2 2017 – Q2 2018 in the London commuter belt town.
In a stark contrast, London featured heavily in the list of the bottom 10 buy-to-let postcodes for rental yields, with rental price growth in East Central London witnessing a 0.2% drop, a decline of 0.96% was recorded in South West London and a 0.87% reduction was noted ion West Central London.
With the cost of renting on a decline in the Capital, Luton has emerged as one of the best buy-to-let areas outside of London.
Best UK location for buy-to-let returns
With over 1.5 billion worth of private investment, the creation of 18,500 news jobs and a population which is growing faster than the national average, Luton has proven to be one of the best performing UK buy-to-let hotspots in 2018.
This latest index marks the fifth time that Luton has been ranked in the top five locations for buy-to-let returns, helping to reinforce the Bedfordshire’s town position as a great location for property investors.
If you are looking for a buy-to-let opportunity in Luton, Imperial Square offers investors strong capital growth potential and the option to secure reliable rental yields.
To secure your early investor discount, contact Experience Invest today to find out more information about this lucrative investment opportunity in Luton.