Best areas to invest in property in UK

Looking to invest or buy property in the UK for maximum ROI and rental yield benefits?

Find the top buy-to-let and rent-to-let property investment opportunities in the UK. 

Best areas to invest in the UK

1. Manchester:

In 2024, Manchester will be a top property investment hotspot, with projected house price growth of 24.3% by 2026 and rental yields of 6-7%, driven by strong demand and infrastructure improvements.

• Housing: Mix of period terraces, modern apartments, and suburban houses; mid-range prices with some high-end areas
• Amenities: Thriving city centre, cultural venues, universities, extensive shopping districts
• Transport: Excellent rail connections, expanding tram network, Manchester Airport
• Notable: Fast-growing economy, large student population, major regeneration projects like MediaCityUK driving demand

👉 Explore Our Properties In Manchester

2. Sheffield

Sheffield is a top property investment hotspot in 2024, featuring strong rental yields, a growing student population, and projected value increases of 20% over five years, making it ideal for buy-to-let investors.

• Housing: Mix of Victorian terraces, modern city apartments, and suburban family homes; generally affordable compared to other major UK cities
• Amenities: Peace Gardens, Winter Garden, Meadowhall Shopping Centre, universities, Peak District National Park nearby
• Transport: Good rail connections, Supertram network, easy access to M1 motorway
• Notable: Large student population, growing digital and creative sectors, ongoing city centre regeneration

3. Birmingham

Birmingham offers strong rental yields (5.17%) and projected price growth (19.2% by 2027), making it a prime property investment destination in 2024, especially for buy-to-let investors seeking high returns.

• Housing: Mix of city centre apartments, suburban houses, and period properties; relatively affordable compared to London
• Amenities: Bullring shopping centre, cultural quarter, universities, extensive canal network
• Transport: New Street station hub, expanding tram system, good motorway connections
• Notable: HS2 rail link development, growing tech sector, large student population driving rental market

👉 Explore Our Properties In Birmingham

4. Nottingham

In 2024, Nottingham presents strong buy-to-let opportunities with affordable property prices, high rental demand, and emerging hotspots like Hockley and Lenton, making it an attractive investment destination.

• Housing: Victorian terraces, modern apartments, suburban houses; affordable to mid-range prices
• Amenities: Two universities, Nottingham Castle, Sherwood Forest nearby, vibrant city centre
• Transport: Award-winning public transport system, good rail connections, East Midlands Airport nearby
• Notable: Strong student rental market, ongoing city centre regeneration, potential for good yields

👉 Explore Our Properties In Nottingham

5. Liverpool

In 2024, Liverpool offers strong property investment potential with ongoing regeneration, affordable prices, and rental yields of around 7%, making it an attractive market for capital appreciation and steady returns.

• Housing: Mix of Georgian townhouses, Victorian terraces, and modern waterfront apartments; generally affordable
• Amenities: UNESCO World Heritage waterfront, museums, universities, Liverpool ONE shopping centre
• Transport: Good rail connections, John Lennon Airport, ferries to Ireland and the Isle of Man
• Notable: Ongoing regeneration projects, strong student rental market, potential for good rental yields in certain areas

👉 Explore Our Properties In Liverpool

What is the average rental yield in the UK? 

The average rental yield in the UK is currently reported to be approximately 5.60% based on recent data. This figure is derived from the average buy-to-let property price of £261,897 and an average rental income of £1,226 per month. Higher yields can usually be found in Northern cities like Manchester, Liverpool, and Sheffield.

Contact Pluxa Property to explore all property investment opportunities in the UK

Pluxa Property, the leading property investment firm in the UK, can help you explore high-return opportunities in the UK market. 

With over 10 years of expertise, we offer a wide range of services, including:

• Rent to serviced accommodations
• BRRR investments
• Buy to serviced accommodations in UK

Our team of experts can assist you in finding the right property, negotiating the best terms, and implementing effective management strategies to maximize your returns.

👉 Contact Pluxa Property today to start your property investment journey in UK.

FAQs

Is the UK a good place to invest in?

Yes, the UK remains the best place for investment, due to its record of 69% of global investors expressing intentions to invest in the country in 2024. This confidence is bolstered by the UK’s strong performance in foreign direct investment (FDI), with 1,555 projects landing in the 2023-2024 financial year, creating over 71,000 new jobs.

What is the average monthly private rent in the UK?

As of June 2024, the average monthly private rent in the UK is approximately £1,308., reflecting a 5.2% increase from the previous year. This upward trend in rental prices is attributed to high demand and limited supply in the housing market. These figures highlight the ongoing challenges renters face in securing affordable housing across the UK, particularly in the context of rising living costs. This data comes from the HomeLet Rental Index.

Is the UK a good place for rent to let?

Yes, the UK presents a favourable environment for rent-to-let investments, driven by rising rental prices and a persistent imbalance between supply and demand. As of June 2024, the average rent for new lets in the UK is approximately £1,226, reflecting a 6.6% increase over the past year, indicating strong demand amid limited supply.

What is the estimated payback period for rent to rent in the UK?  

The estimated payback period for Rent to Rent in the UK is between 4 -14 months, according to Pluxa Property. This timeframe is based on typical market conditions and investment strategies in the area.

How much initial investment do you need to invest in the UK for rent to rent?

Investing in a rent-to-rent deal in the UK through Pluxa Property requires an estimated initial investment ranging between £15,880 – £30000. This could generate an estimated monthly profit in the range of £1,400 – £2000 leading to a total profit of in the range of £40,753 to £70000 and an impressive ROI ranging between 220 – 600%.