An online estate agency specialising in the sale of tenanted buy to let units has produced a league table of regional yields - with big differences between areas.
The Midlands come out on top with average net yields of 6.6 per cent in the survey by YieldIt.
Yorkshire, the North East, Wales and the North West follow with each region commanding average net yields of 5.5 per cent and higher.
The South East and East of England lagged behind with averages of 4.4 per cent and 4.1 per cent respectively. London pulls down the average of the South East with net yields of just 3.7 per cent.
“It's clear that high property prices in the south and London have had a negative impact on net yields and as such investors are looking further afield. As renters continue to abandon the capital in favour of our regional cities we are seeing landlords follow – a trend that shows no sign of abating any time soon” claims YieldIt’s head of sales, Ryan Hughes.