An attractive town like Leamington Spa is bound to attract investors searching for in-demand properties. However, other towns and cities seem to have more potential as property investment locations.
Property in Royal Leamington Spa is much more expensive than the UK average, and cheaper property with similar levels of high demand can be found elsewhere.
In particular, the North of England region is a hotspot for affordable property. For example, Manchester is considered one of the most significant cities in the North, with very high demand. However, the average property price is still below the UK average, standing at £249,633 in January 2024. Liverpool is much cheaper again, with an average of £176,371.
Northern cities also outperform Leamington when it comes to rental yields. According to Zoopla, Liverpool is one of the best cities in the UK for buy-to-let investment. Using their data, Zoopla calculated that Liverpool’s average gross rental yield is 7.44%. Any yield above 7% is considered an excellent yield for the UK.