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Blackpool heads the list of UK seaside town hotspots for investors

Due to holiday rentals and seasonal work, many seaside towns are buy to let hotspots with 17 of the top 50 areas found on the coast.

At £75,943 ($A112,400) Blackpool topped the seaside town list with a yield of 7.81% and a £494 ($A730) average montly rent.

The rest of the top ten is made up of southern seaside areas, including holiday destinations such as Brighton, Bournemouth and Eastbourne.

While property prices tend to be higher in these areas, rents are also above average, meaning yields are strong for investors.

Top 10 Seaside Buy To Let Hotspots by Rental Yield

Location

Average Property Price

average rent (Monthly)

Rental Yield (gross)

  • 1. Blackpool

£75,943

£494

7.81%

  • 2. Bournemouth

£170,493

£825

5.81%

  • 3. Brighton and Hove

£229,622

£1,049

5.48%

  • 4. Torbay

£139,168

£598

5.16%

  • 5. Southend-on-Sea

£152,171

£650

5.13%

  • 6. Shepway

£181,399

£695

4.60%

  • 7. Eastbourne

£177,408

£675

4.57%

  • 8. Isles of Scilly

£180,227

£654

4.35%

  • 9. Hastings

£177,408

£550

3.72%

  • 10. Thanet

£181,399

£524

3.47%

 

HSBC

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