Essex town offers the best return on property investment - Palmers Solicitors

Essex town offers the best return on property investment

Essex town offers the best return on property investment

A new study has revealed that the Essex town of Colchester may offer the best returns for property investors.

According to research by LendInvest, the historic market town is the best location for property investment.

On average, rental yields in Colchester offer returns of 3.71 per cent, capital appreciation of 9.98 per cent, rent rises of 3.41 per cent and sale volume growth of 2.79 per cent.

Colchester was followed by:

  • Northampton
  • Leicester
  • Luton
  • Birmingham
  • Manchester
  • Ipswich
  • Brighton
  • Rochester
  • Norwich

According to the study, the Midlands and the South West have performed particularly strongly in terms of house price growth, with Truro and Birmingham recording the most significant growth.

Allison Thompson, Lettings Managing Director at property specialist Leaders, says: “The benefits of buying to let are considerable; the major challenge for most investors is picking the right property in the right location to ensure the maximum return.

“Colchester offers a combination of excellent rents, high capital growth and a busy market. It is the perfect place for landlords to expand their portfolios.

“Every investor is different, with some focused on short-term capital growth benefits and many others preferring to prioritise rental returns and overall yields.

“Taking all factors into consideration and striking the right balance is the key to making a shrewd investment and professional support will guide you in the right direction.”

While London and the South East continue to offer good returns, if your clients are looking to expand their network of properties and would like specialist legal advice on enlarging their portfolio in the most tax efficient manner, please contact us.