It’s easy to see why this small town has grabbed attention as a buy-to-let destination in recent years, but how does Grimsby compare to other UK regions?
For investors in search of high rental yields, looking North is a wise choice, especially compared to London buy-to-let, where the property is expensive, and it’s hard to find suitable yields.
Grimsby has a high average rental yield, which certainly makes it attractive to property investors, but Zoopla ranks other areas higher. This includes the nearby Hull with 7.03%, and major cities such as Liverpool with an average gross yield of 7.21%. Investors may feel more confident investing in an established city where rental demand is more guaranteed, and there’s likely to be stronger capital growth.
According to Savills, capital value growth is predicted to be just as high in the North West and North East of England as it is in Yorkshire and The Humber, potentially hitting 20.2% by 2028.
Further Reading: Explore North West property with our guide to buy-to-let in Bolton!