Burton offers good property prices compared to the national average. However, rental yields in the area leave much to be desired, sitting below the national average of 5.2%. While the town centre offers competitive yields and may be worth a punt as a buy-to-let investor, you may want to conduct research into other areas of the UK.
For those looking in the Midlands area, it may be worth looking at more major cities. For example, flats for sale in Birmingham can offer decent rental yields and are in high demand.
Places in the North West like Liverpool and Manchester have comparative property prices to Burton. In fact, Liverpool’s average price is £180,268 and commands rental yields that exceed 7% in some areas. Buy-to-let Manchester properties can also be acquired for less than the national average. Learn more about how to make money from real estate with our property investment guide.
In addition, Liverpool has a superior student presence thanks to four top universities in the city, providing another avenue for property investors to explore.
On the other hand, Burton has a limited demographic – it is mostly popular with families and those working in the town centre or nearby.
Larger cities, like Liverpool and Manchester, attract more businesses and have greater employment opportunities, boosting the residential market in the process. Both are gaining reputations as cities where investors can find some of the best buy-to-lets.