Harlow and Reading have the best rental yields among commuter towns to London, analysis from lettings management platform Howsy has found.
Annual rental yields stand at 4.6% in Harlow and 4.5% in Reading, while there are also strong yields in Luton (4.2%) and Crawley (4.2%).
Yields are still strong within London however. Tower Hamlets offers an average rental yield of 4.7%, while there’s a yield of 4.5% in Newham and 4.4% in Barking & Dagenham and Lambeth.
Calum Brannan, founder and chief executive of Howsy, said: “The commuter belt has always been popular amongst tenants searching for rental affordability within touching distance of the capital, but with many now facing more time working from home this trend looks set to intensify.
“However, landlords won’t be leaving London for the commuter hills just yet as this demand is yet to have a notable lift on rental prices and, as a result, yields.
“Of course, there are already some areas returning a yield above that of the London average, but for the time being at least, the capital remains a stronger market overall when it comes to investing in a rental property.”
This post has originally been featured in Property Wire.