Revealed: favoured buy to let locations with tenants in situ

A league table has been drawn up to show which large cities in the UK have the highest demand for investment properties with tenants in situ.

Lettings management platform Howsy says the most in-demand locations are Glasgow, Leeds and Bristol.

Separately, Cardiff, Oxford and Leeds are home to the highest chance of buying a buy to let complete with tenant, as measured by properties on the market and listed on Zoopla.

Across all 23 cities assessed by the platform, just 0.8 per cent of properties currently listed for sale come with a tenant in situ. 

“Purchasing a buy to let with a tenant in situ is the modern day equivalent of the golden fleece for UK landlords” explains the platform’s chief executive Calum Brannan.

Table shows the percentage of total stock in each city for sale with a tenant in situ Location Stock Level (%) Cardiff 3.7% Oxford 3.1% Leeds 2.9% Newport 2.3% Portsmouth 2.1% Cambridge 1.8% Swansea 1.7% Southampton 1.6% Glasgow 1.2% Nottingham 1.2% Liverpool 1.2% Bournemouth 1.1% Sheffield 1.0% Leicester 1.0% Manchester 0.8% Birmingham 0.8% Bristol 0.7% Belfast 0.5% Plymouth 0.5% Aberdeen 0.4% Newcastle 0.4% London 0.3% Edinburgh 0.2% All 0.8% Table shows the percentage of stock with a tenant in situ in each city already under offer or sold subject to contract Location Buyer Demand (%) Glasgow 62% Leeds 55% Bristol 55% Nottingham 51% Edinburgh 50% Cambridge 47% Southampton 40% Cardiff 38% Portsmouth 37% Birmingham 33% Newport 32% Manchester 31% Newcastle 30% Liverpool 24% Plymouth 21% Oxford 21% Sheffield 20% Bournemouth 17% London 15% Leicester 11% Swansea 11% Aberdeen 0% Belfast 0%