Top ten seaside areas for landlords revealed

The latest research from LendInvest, has looked specifically at coastal towns to find which areas offered the top average rental yields to landlords.

Related topics:  Landlords
Warren Lewis
22nd June 2016
bucket and spade
"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"

According to the data, Hull, UK City of Culture for 2017, is the top seaside postal area for landlords in England and Wales.

Property investors who buy within the Hull postcode area can enjoy rental yields of up to 10.7% in seaside resorts like Withernsea.

The next best postal area for landlords is Blackpool. Landlords who invest in property in the town itself can enjoy rental yields of 8.2%, while tenants can make the most of being just a matter of minutes from the Pleasure Beach and donkey rides.

Llandudno in North Wales takes third spot with buyers in Colwyn Bay - birthplace of former James Bond Timothy Dalton - pocketing very healthy rental yields of 6.1%.

Postcode area

Top earning seaside town/village

Average rental yield

Hull

Withernsea

10.7%

Blackpool

Blackpool

8.2%

Llandudno

Colwyn Bay

6.1%

Cardiff

Barry

6%

Norwich

Caister-on-Sea

5.7%

Carlisle

Egremont

5.7%

Lancaster

Morecambe

5.5%

York

Scarborough

5.5%

Canterbury

Ramsgate

5.2%

Brighton

Portslade

5.2%

 

Christian Faes, Co-Founder and CEO of LendInvest, said: “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.

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. It’s not enough to rely on the allure of ice cream and sea air!”

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