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Landlords can find some of the best buy-to-let investment returns in offbeat towns and cities, according to real-time data from investors.
Rent and house price information from 59 British cities, posted by investors, is analysed by the website Numbeo and presented as a ranking.
The top British place for buy-to-let investment is the Hertfordshire town of Watford. The town, with a population of around 100,000, is close to London and Heathrow Airport and has excellent road and rail transport links.
Terraced homes are priced around £449,000, while semi-detached houses average £572,918 and flats £286,532.
Watford offers the top gross yield of 8.9 per cent outside the town centre - well ahead of the other top six investment destinations, which posted yields in the range of 7.2 to 7.5 percent.
The table lists the 38 cities with a gross yield of 5.0 per cent or more:
| Rank | City | Price To Income Ratio | Gross Rental Yield City Centre (%) | Gross Rental Yield Outside Centre (%) | Price To Rent Ratio City Centre | Price To Rent Ratio Outside City Centre |
|---|---|---|---|---|---|---|
| 1 | Watford | 9.60 | 4.30 | 8.90 | 23.10 | 11.20 |
| 2 | Belfast | 5.90 | 6.00 | 7.50 | 16.70 | 13.30 |
| 3 | Preston | 4.20 | 6.70 | 7.50 | 15.00 | 13.40 |
| 4 | Swindon | 4.80 | 9.20 | 7.40 | 10.80 | 13.60 |
| 5 | Chester | 3.60 | 9.00 | 7.40 | 11.20 | 13.50 |
| 6 | Glasgow | 5.30 | 7.70 | 7.20 | 13.00 | 14.00 |
| 7 | Sheffield | 6.50 | 3.90 | 6.90 | 25.50 | 14.60 |
| 8 | Coventry | 6.10 | 6.00 | 6.70 | 16.80 | 14.80 |
| 9 | Cardiff | 7.10 | 5.30 | 6.50 | 18.80 | 15.30 |
| 10 | Liverpool | 5.00 | 7.10 | 6.40 | 14.10 | 15.60 |
| 11 | Canterbury | 7.90 | 5.80 | 6.20 | 17.30 | 16.20 |
| 12 | Peterborough | 6.30 | 5.90 | 6.00 | 16.90 | 16.50 |
| 13 | Portsmouth | 6.00 | 6.30 | 6.00 | 15.90 | 16.70 |
| 14 | Swansea | 5.20 | 5.40 | 6.00 | 18.60 | 16.60 |
| 15 | Manchester | 6.90 | 7.90 | 5.90 | 12.70 | 17.10 |
| 16 | Middlesbrough | 4.70 | 6.30 | 5.90 | 15.80 | 16.80 |
| 17 | Leeds | 5.90 | 7.50 | 5.80 | 13.30 | 17.30 |
| 18 | Sunderland | 4.50 | 4.20 | 5.80 | 23.90 | 17.10 |
| 19 | Bristol | 9.10 | 5.70 | 5.70 | 17.50 | 17.70 |
| 20 | Cambridge | 9.10 | 4.60 | 5.70 | 22.00 | 17.50 |
| 21 | Bournemouth | 8.80 | 4.50 | 5.70 | 22.30 | 17.40 |
| 22 | Colchester | 7.10 | 4.60 | 5.70 | 21.80 | 17.70 |
| 23 | Plymouth | 6.60 | 5.20 | 5.70 | 19.20 | 17.60 |
| 24 | Norwich | 6.70 | 5.60 | 5.60 | 17.80 | 17.80 |
| 25 | Northampton | 5.10 | 5.50 | 5.60 | 18.10 | 17.80 |
| 26 | York | 6.60 | 5.70 | 5.50 | 17.50 | 18.10 |
| 27 | Aberdeen | 4.10 | 8.40 | 5.50 | 11.80 | 18.20 |
| 28 | Edinburgh | 7.80 | 5.20 | 5.40 | 19.10 | 18.50 |
| 29 | Birmingham | 6.60 | 5.30 | 5.40 | 18.80 | 18.60 |
| 30 | Reading | 8.30 | 5.70 | 5.30 | 17.40 | 18.80 |
| 31 | Kingston upon Hull | 5.20 | 3.90 | 5.30 | 25.70 | 18.90 |
| 32 | Newport | 6.20 | 6.60 | 5.20 | 15.10 | 19.20 |
| 33 | Bradford | 4.70 | 4.40 | 5.20 | 22.50 | 19.30 |
| 34 | Woking | 9.70 | 4.50 | 5.10 | 22.40 | 19.50 |
| 35 | Leicester | 7.50 | 4.20 | 5.10 | 23.80 | 19.60 |
| 36 | Oxford | 9.70 | 5.50 | 5.00 | 18.20 | 19.80 |
| 37 | Derby | 5.90 | 3.20 | 5.00 | 31.60 | 19.90 |
| 38 | Carlisle | 5.40 | 6.20 | 5.00 | 16.10 | 19.90 |