Buy-to-let landlords see return on investment in 18 months

By PHIL CREIGHTON news@rdg.today

BUY-TO-LET landlords looking to buy a property will see a return on their investment within three years according to a new study.

Bonusetu.com analysed current market data from Zoopla, Rightmove, and Propertypal to reveal the best place to buy a onebedroom property.

This was done by comparing the average price of a one-bedroom property in all 76 UK cities (as listed on the gov.uk website) and the Isle of Man to the average monthly rental income.

If you bought a property in Reading, the average return on investment (ROI) period is 1.43 years – the fourth best in the country, while in Wokingham, it would be closer to 2.65 years.

And bought places would see a rental yield higher than the Bank of England’s interest rate of 4%.

In Reading, the average rental for a one-bed flat is £1,845, and average property price is £211,875. A 15% deposit would be £31,781.25.

The rental yield is 10.45%, and it