Buy-to-let mortgage broker, Norton Finance, have created a formula combining property prices, average monthly rental, gross rental yield and Google search data to reveal the best National Parks for buy-to-let investment.
Research shows that Snowdonia National Park in northwest Wales is the best place to invest in a buy-to-let property. Featuring Wales’s highest peak, Mount Snowdon, a historic mountain railway, and stunning scenery, approximately 165,000 people search for the park on Google every month. With the average property costing just £203,320 and with a potential gross yearly rental yield of 20.46%, Snowdonia is the best National Park in the UK to invest in a buy-to-let property.
The Lake District in Cumbria, home to glacial lakes, rugged mountains and literary connections has the highest average monthly search volume (368,000) and came in second for those looking to build a property portfolio. Additionally, the Brecon Beacons National Park, where Pen Y Fan is situated, was positioned third and is one of three Welsh National Parks top five areas to invest in, making Wales a shrewd choice for investors.
For buy-to-let investors looking to get their foot in the door, the Pembrokeshire Coast offers the highest yield (35.36%) on rental property. Whilst monthly search volumes are lower (5,400), this area of natural beauty is still popular with holidaymakers, and it has been positioned as fourth-best investment. With the average gross yields indicating the annual return on property, a rental property in the Yorkshire Dales would provide the poorest profit (12.39%) despite strong search interest (40500).
