Property investment specialists at online consultancy LendInvest have analysed coastal towns across England and Wales for their buy to let potential - and have found a perhaps-unlikely winner in terms of the highest yield.
The firm says buy to let investors in the Hull postcode area can enjoy rental yields of up to 10.7 per cent in seaside resorts such as Withernsea.
Blackpool is next up with rental yields of 8.2 per cent while Llandudno in North Wales came third with buyers in Colwyn Bay typically achieving rental returns of around 6.1 per cent.
“When you think about investing in property in a seaside town, many will immediately think of places like Brighton and Eastbourne. But as our research makes clear, investing in the right Northern seaside towns, for example, could prove a lot more lucrative” insists Christian Faes, co-founder and chief executive of LendInvest.
“Seaside towns often enjoy strong demand from renters, whether that’s for year-long tenancies or for a couple of weeks over the holiday months. However, it’s crucial that would-be property investors do their research on the area to gauge just how much demand there is, and what sort of competition they face” he adds.