A Merseyside district has topped the list of UK's most lucrative areas for landlords.
Bootle is now the most profitable area of the country for those investing in buy-to-let properties, research reveals. The Merseyside district offers the best return on investments, with landlords obtaining an annual yield of 8.3% on their initial purchase, data from Home.co.uk has found.
The property website says this is higher than similar properties anywhere else in the country, after it analysed the purchase price and rental income of two bedroom homes in every single town where there are over 100 available to rent. The typical asking price for a two bedroom house in Bootle is just £65,000 but the average monthly rent is £451 - and this yields the best return over a year.
The home.co.uk top ten list showed that areas considered less affluent may be the best for investors. Just behind Bootle in the table is Plumstead in South London followed by Scottish locations Dundee and East Kilbride.