At Just Lets, we know Peterborough is a good option for landlords. We are delighted to see a recent study by law firm Coulters suggest similar.
In the full list, Peterborough was listed as the 45th best town or city in the UK for ROI for landlords. This is by itself is notable given the population of the town, but it should be noted that Peterborough’s ranking in England is even better.
This is because there were 12 towns and cities from Scotland or Wales ranked above Peterborough. When you remove these locations from the rankings, Peterborough is just outside the top 30 for landlord ROI across England.
Peterborough has a lot to offer
Okay, you might be thinking that this means there are many options to consider before Peterborough, but when you take all the factors into consideration, there is a lot to like about investing in the Peterborough buy-to-let market.
In this study, the average sales price of property in Peterborough is listed as £220,654. This is an affordable price for many investors, and compares well with the national average. It is also a more affordable price than many of the destinations listed above Peterborough, including; Manchester, Leeds, York, Southampton, Norwich, Portsmouth, Northampton, Leicester, Bristol and Nottingham, amongst others.
Therefore, if you are on a budget and you are looking to buy property without overstretching yourself, Peterborough might be a more appealing option than many of the higher ranked options in this list.
There are even some towns and cities where the study suggests landlords will make a loss. While there is a lot that landlords can do to enjoy a better return on their investment, when you are up against things from the start, it can be difficult.
We know the Peterborough rental market
At Just Lets, we are pleased to say we have helped many landlords in and around Peterborough achieve the best possible return for their investment. We know the local area, we know what tenants are looking for, and we are pleased to help landlords connect with tenants in an effective manner.
If you would like to discuss the findings of this study, or you would like to learn more about the Peterborough letting market, we are more than happy to help you. Please get in touch, and we will be happy to arrange an appointment for you. As we move forward, the demand for rental property is as high as ever, if not even greater, and we are here to assist you if this is something you are interested in.
If you are a landlord in or around Peterborough, and you need assistance in managing your rental property, we can help. We know these are challenging times for landlords, but there is a demand for rental property. When you need guidance in the local market, contact Just Lets Peterborough today, and we will be happy to help you.
You can find Just Lets Peterborough at 142 Oundle Road, Peterborough, Cambridgeshire, PE2 9PJ. Feel free to email us at peterborough@justlets.com or call us today on 01733 346255.
