Twenty Twenty Data - Delving into Data 47: Best areas to invest

A recent article identified Birmingham, Edinburgh, Liverpool, Leicester, Manchester and Newcastle as the best areas to invest in property. In this edition of Delving into Data, we are going to take a closer look at the aforementioned areas to find out the property prices and the possible return on investment through rental.

For Sale Properties

• The average asking price for a property on the market in Birmingham is £267,253 and a property is on the market for an average of 130 days.
• The average asking price for a property on the market in Edinburgh is £255,219 and a property is on the market for an average of 102 days.
• The average asking price for a property on the market in Liverpool is £188,403 and a property is on the market for an average of 187 days.
• The average asking price for a property on the market in Leicester is £271,867 and a property is on the market for an average of 136 days.
• The average asking price for a property on the market in Manchester is £219,526 and a property is on the market for an average of 139 days.
• The average asking price for a property on the market in Newcastle Upon Tyne is £179,666 and a property is on the market for an average of 207 days.

Newcastle Upon Tyne has the lowest asking price compared with the other five areas, and it also has the longest time on market, meaning potentially more room for bargaining for investors. The lowest average time on market is Edinburgh and in terms of the asking price compared to the other five areas, Edinburgh is in the middle of the group prise-wise.

Rental Market Properties

• Rental market properties in Birmingham are on the market for an average asking price of £858 pcm (per calendar month) and the properties there are on the market for an average of 101 days.
• Rental market properties in Edinburgh are on the market for an average asking price of £1,183 pcm and the properties there are on the market for an average of 106 days.
• Rental market properties in Liverpool are on the market for an average asking price of £640 pcm and the properties there are on the market for an average of 124 days.
• Rental market properties in Leicester are on the market for an average asking price of £725 pcm and the properties there are on the market for an average of 103 days.
• Rental market properties in Manchester are on the market for an average asking price of £968 pcm and the properties there are on the market for an average of 114 days.
• Rental market properties in Newcastle Upon Tyne are on the market for an average asking price of £ 699 pcm and the properties there are on the market for an average of 171 days.

The rental prices reflect a similar pattern to the sale prices, with Edinburgh being the most expensive and Newcastle Upon Tyne and Liverpool being the cheapest areas. Manchester however has the third lowest asking prices for sale properties, and the second highest average rental prices, suggesting a potentially lucrative investment opportunity.

To read more of our Delving Into Data property insight posts, click here.

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