One-bedroom apartments offer yields of 6.8%, according to Countrywide.
- One-bedroom apartments are the best type of property to invest in
- They provided yields of 6.8% in April, says Countrywide
- This is higher than the average rental yield of 6.2% during the month
One-bedroom apartments offer the best investment opportunities, buy-to-let (BTL) research has recently revealed.
Select Property’s UK Buy-to-Let Report used figures from Countrywide, which showed one-bedroom properties offered the best yields in its Monthly Lettings Index April 2013.
Results found one-bedroom units provided yields of 6.8%, which was higher than two-bedroom properties (6.4%), three-bedroom ones (6.2%) and four or more bedroom places (5.6%). The average rental yield was 6.2% in April, according to Countrywide.
Head of Lettings at WA Ellis Lucy Morton added that, as well as offering high yields, properties with few bedrooms are very popular.
“One or two-bedroom flats are still a safe bet and will typically let within one week,” she said.
Savills also supported these findings, revealing the cost of renting a one-bedroom property rose in the year to March 2013, despite rental values for five-bedroom units dropping by 1.6% during the 12 months.
The BTL report also contains information regarding the current BTL market, the overall property sector in the UK and opportunities for investors over the next year.
Click here to download our UK Buy-to-Let Report.