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Buy To Let Best Returns Table By Postcode
27/02/2010 Buy-to-let investors looking for the best returns should look outside trendy hotspots, with many less fashionable areas delivering far better returns, a study shows… A report into the Top 100 towns for buy-to-let yields, compiled by property listing website FindaProperty.com for This is Money, shows that Blackpool is the postcode delivering the best returns in the UK. The Holy Grail for property investors is a combination of low average property prices compared to rental returns and the report shows that locations not typically considered property hotspots make up a sizeable chunk of the top 25 postcodes. Investors in property in Blackpool are looking at an average home asking price of £161,722 and monthly rent of £720, according to FindaProperty.com, delivering a gross yield of 5.34%. This represents a far more accessible investment than the next best postcode, which covers Kingston on Thames, where the average house price is £420,469. While the top 20 is peppered with more fashionable locations, including Kingston, east London, Manchester, Central London and Twickenham, it is the more run of the mill locations that stand out. Blackpool is joined by Kirkcaldy, Romford, Sunderland, Wigan, Blackburn, Bolton, Luton and Cleveland, all of which offer yields above 4%, but a far lower cost of purchasing a property. FindaProperty.com calculated the gross yield by taking a property’s rent over 12 months as a percentage of its purchase price. Noticeably, while all the postcodes delivered far greater yields than the return on the average savings account of around 1.5%, none managed to breach the 6% mark that attracted investors in the early days of the buy-to-let boom. Once mortgage costs, letting fees, maintenance costs and tax are factored in, returns on the buy-to-let investments would be much lower. Nigel Lewis, of FindaProperty.com, said: “This shows that the best places for high gross yield are those with lower housing costs, a changing population and in particular if they have one or more universities.’ ‘London is strong because it’s under population pressure and has multiple universities and therefore even satellite areas such as Twickenham do well. ‘The other places where gross yields tend to be high are where there is a large inbound ethnic population getting on its economic feet and rental demand is high but house prices usually lower than the average.’ TOP 100 BUY-TO-LET POSTCODES Area Postcode Ave price Monthly rent Yield % Source: FindaProperty.com, February 2010 1 BLACKPOOL FY £161,722 £720 5.34 2 KINGSTON UPON THAMES KT £420,469 £1,843 5.26 3 KIRKCALDY KY £198,118 £856 5.19 4 LONDON (East) E £275,844 £1,147 4.99 5 MANCHESTER M £141,435 £575 4.87 6 DURHAM DH £128,730 £521 4.86 7 ROMFORD RM £230,792 £909 4.72 8 UXBRIDGE UB £266,486 £1,029 4.63 9 LONDON (south East) SE £275,267 £1,060 4.62 10 SUNDERLAND SR £131,336 £498 4.55 11 WIGAN WN £123,052 £463 4.52 12 BLACKBURN BB £123,326 £463 4.5 13 LIVERPOOL L £161,325 £598 4.45 14 GLASGOW G £154,084 £563 4.38 15 LONDON (central) WC £726,415 £2,612 4.32 16 BOLTON BL £142,150 £508 4.29 17 LUTON LU £182,388 £650 4.27 18 CARDIFF CF £158,736 £564 4.26 19 TWICKENHAM TW £328,924 £1,162 4.24 20 CLEVELAND TS £155,013 £547 4.23 21 SHEFFIELD S £141,691 £499 4.22 22 WARRINGTON WA £194,709 £682 4.21 23 MEDWAY ME £210,421 £737 4.2 24 DONCASTER DN £150,021 £523 4.18 25 DARTFORD DA £234,077 £810 4.15 26 SOUTHEND ON SEA SS £220,562 £763 4.15 27 GUILDFORD GU £374,124 £1,287 4.13 28 NEWCASTLE UPON TYNE NE £185,928 £636 4.1 29 MOTHERWELL ML £155,170 £530 4.1 30 CHESTER CH £196,250 £665 4.07 31 HULL HU £151,975 £510 4.02 32 CROYDON CR £271,135 £908 4.02 33 BIRMINGHAM B £180,558 £604 4.02 34 FALKIRK FK £185,138 £617 4 35 SUTTON SM £279,164 £927 3.98 36 WOLVERHAMPTON WV £153,470 £507 3.96 37 PRESTON PR £173,044 £566 3.93 38 WALSALL WS £162,956 £531 3.91 39 LONDON EC £581,944 £1,886 3.89 40 LEICESTER LE £202,522 £656 3.88 41 NOTTINGHAM NG £171,205 £554 3.88 42 OLDHAM OL £147,390 £471 3.84 43 LONDON SW £763,873 £2,415 3.79 44 WAKEFIELD WF £151,705 £479 3.79 45 ILFORD IG £316,562 £997 3.78 46 HARROW HA £358,059 £1,120 3.75 47 ABERDEEN AB £296,788 £928 3.75 48 DUNDEE DD £236,304 £735 3.73 49 CANTERBURY CT £210,284 £652 3.72 50 MILTON KEYNES MK £243,106 £754 3.72 51 NORTHAMPTON NN £195,595 £603 3.7 52 BRIGHTON BN £270,454 £834 3.7 53 BRISTOL BS £238,133 £732 3.69 54 COVENTRY CV £215,250 £661 3.68 55 BRADFORD BD £159,527 £489 3.68 56 PORTSMOUTH PO £243,599 £744 3.66 57 HALIFAX HX £159,201 £482 3.63 58 CAMBRIDGE CB £299,459 £903 3.62 59 CREWE CW £217,792 £655 3.61 60 CARLISLE CA £175,168 £526 3.61 61 READING RG £329,551 £990 3.61 62 ENFIELD EN £339,492 £1,010 3.57 63 STOKE ON TRENT ST £181,652 £539 3.56 64 STEVENAGE SG £286,730 £851 3.56 65 STOCKPORT SK £195,535 £579 3.55 66 WATFORD WD £362,059 £1,070 3.55 67 LEEDS LS £198,555 £585 3.54 68 DARLINGTON DL £181,717 £535 3.53 69 SWINDON SN £255,832 £743 3.49 70 KILMARNOCK KA £163,562 £475 3.48 71 DERBY DE £179,080 £517 3.46 72 COLCHESTER CO £228,779 £655 3.44 73 BROMLEY BR £349,775 £1,001 3.43 74 PETERBOROUGH PE £205,970 £589 3.43 75 CHELMSFORD CM £305,268 £873 3.43 76 LONDON NW £566,176 £1,616 3.43 77 BATH BA £241,395 £686 3.41 78 SOUTHAMPTON SO £315,063 £895 3.41 79 SALISBURY SP £294,765 £835 3.4 80 TONBRIDGE TN £318,006 £898 3.39 81 OXFORD OX £339,426 £951 3.36 82 NEWPORT NP £189,680 £529 3.34 83 NORWICH NR £237,902 £661 3.33 84 GLOUCESTER GL £272,069 £753 3.32 85 HUDDERSFIELD HD £175,771 £486 3.32 86 SLOUGH £ £453,701 £1,254 3.32 87 INVERNESS IV £233,018 £643 3.31 88 LANCASTER LA £238,246 £655 3.3 89 LINCOLN LN £191,717 £524 3.28 90 REDHILL RH £354,207 £962 3.26 91 HEMEL HEMPSTEAD HP £372,837 £1,009 3.25 92 BOURNEMOUTH BH £304,095 £817 3.22 93 DORCHESTER DT £268,855 £721 3.22 94 LLANDUDNO LL £232,060 £622 3.21 95 PERTH PH £302,464 £792 3.14 96 LONDON N £493,492 £1,276 3.1 97 DUDLEY DY £228,510 £587 3.08 98 LONDON W £996,894 £2,531 3.05 99 SWANSEA SA £214,500 £533 2.98 100 EXETER EX £278,522 £691 2.98 Read more: http://www.thisismon…6#ixzz0gmD8nSLj Continue reading
Etisalat’s downtime to affect Internet speeds in UAE
Etisalat’s downtime to affect Internet speeds in UAE Staff Reporter / 27 August 2013 Internet users on etisalat’s eLife plan will face a slight drop in internet speeds, with the telecom provider issuing a statement citing ‘routine maintenance’ work as the reason. A spokesperson from etisalat said: “A few etisalat eLife Internet customers may notice a slight change in internet performance due to routine and necessary maintenance work on etisalat’s international Internet links. Etisalat subscribers have been informed about this routine maintenance. We apologise for any inconvenience caused and also would want to reiterate that our teams are working around the clock to complete the work ahead of time.” The etisalat Facebook page was also filled with queries as people enquired about the downtime. A post from etisalat said: “Our engineering team carries out maintenance works as and when required to ensure our network is in good condition and in turn deliver best experience to you as a customer on the Internet.” The maintenance work is expected to be complete by August 29, but could be completed earlier. — news@khaleejtimes.com Continue reading
US ready for action on Syria
US ready for action on Syria Allan Jacob / 27 August 2013 The United States on Monday said its forces in the region were ready for any military action on Syria if ordered by President Obama as UN chemical weapons experts got to work in the stricken country, interviewing and taking blood samples from victims of an alleged gas attack last week. “I can confirm that the US Navy has assets in the region prepared to support any decision by the president,” said Commander Bill Speaks from the Office of the Secretary of Defense Chuck Hagel, in response to questions by Khaleej Times . Khaleej Times can also confirm that the Harry S. Truman Carrier Strike Group arrived in the region last week after transiting through the Suez Canal. US 5th Fleet spokesperson Lt. Marissa Myatt said it was a routine deployment and the Group would replace another nuclear-powered carrier, the USS Nimitz . What is significant is that it will be the first time in a year when two carriers operate in the region. UN chemical weapons experts visit a hospital where wounded people affected by an apparent gas attack are being treated, in the southwestern Damascus suburb of Mouadamiya on Monday. -Reuters ‘‘We’ve trained hard and we’re ready to operate alongside our coalition partners to conduct maritime security operations to ensure stability and build trust and confidence throughout the region,” said Rear Adm. Kevin Sweeney, commander of the Group. The USS Harry S. Truman Strike Group is accompanied by guided-missile cruisers USS San Jacinto and USS Gettysburg ; guided-missile destroyers USS Bulkeley and USS Mason ; a strike fighter squadron; an airborne early earning squadron; an electronic attack squadron; a helicopter sea combat squadron and a helicopter maritime strike squadron. This development comes in the wake of talks between military leaders from the United States, Europe and the Middle East in Jordan for what could be a council of war should they decide to punish Syria for the worst reported chemical weapons attack in 25 years, agencies reported. Last week, hundreds of people died in Damascus suburbs in what appears to have been the worst chemical weapons attack since Saddam Hussein gassed thousands of Kurds to death in 1988. Meanwhile, UN investigators crossed the frontline from the centre of the capital, which remains under Assad’s control, to inspect the Mouadamiya suburb, one of at least four neighbourhoods hit by poison gas last Wednesday before dawn, Reuters reported. The UN said one vehicle in its convoy was crippled by shooting by “unidentified snipers”, but mentioned no injuries. They continued on after turning back for a replacement car. “I am with the team now,” a doctor who uses the name Abu Karam told Reuters by telephone from Mouadamiya. “We are in the Rawda mosque and they are meeting with the wounded. Our medics and the inspectors are talking to the patients and taking samples from the victims now.” Wassim Al Ahmad, an opposition activist, said members of the Free Syrian Army umbrella rebel organisation and the opposition’s Mouadamiya Local Council were accompanying the inspectors on their tour of the suburb. “The inspectors are now examining victims being treated at a makeshift hospital in Mouadamiya and are taking blood samples from them,” Ahmad said. Video filmed at the site showed inspectors in black and blue body armour and blue UN helmets walking through a street as curious onlookers came up to watch. They shook hands with men who appeared to be rebels wearing camouflage vests, and were accompanied by doctors and local residents. The group descended into the basement of a building where they were told injured survivors were being treated below ground to protect them from more shelling. Another video showed an inspector interviewing a patient and taking notes. Activists say at least 80 people were killed in Mouadamiya when the district was hit with poison gas. Hundreds of people were also killed in three other rebel-held districts – Irbin, Ain Tarma and Jobar. An opposition activist said a large crowd of people gathered to air their grievances to the UN team. There was also a plan for the experts to take samples from corpses. (With inputs from agencies) allan@khaleejtimes.com Continue reading
