|
Winners & losers
January 2005
At the start of 2005, rental incomes are rising, helped by robust levels
of tenant demand. This is in part attributable to a slower owner-occupier market and the ongoing impact of affordability constraints
on first time buyers. This is now clearly feeding through into higher yields, which have followed a generally upward trend
since last September.”
Total Annual Return (rents plus capital
appreciation)
 |
Property Value January 2004
|
Property Value Appreciation
to Jan 2005
|
Rental Income (January 2004 -2005)
|
Total Gross Return
|
Return on Initial Investment
|
| Yorkshire |
£77,923
|
£45,552
|
£6,294
|
£51,846
|
66.53%
|
| North |
£61,344
|
£29,232
|
£5,497
|
£34,728
|
56.61%
|
| Wales |
£97,010
|
£44,152
|
£7,552
|
£51,704
|
53.30%
|
| North West |
£84,126
|
£30,283
|
£7,345
|
£37,628
|
44.73%
|
| East Anglia |
£101,272
|
£29,288
|
£7,677
|
£36,965
|
36.50%
|
| Greater London |
£211,651
|
£52,535
|
£13,558
|
£66,094
|
31.23%
|
| South West |
£145,388
|
£31,327
|
£11,643
|
£42,970
|
29.56%
|
| South East |
£151,401
|
£24,576
|
£10,025
|
£34,600
|
22.85%
|
| East Midlands |
£111,611
|
£12,660
|
£8,483
|
£21,142
|
18.94%
|
| West Midlands |
£110,865
|
£553
|
£8,238
|
£8,791
|
7.93%
|
| National |
£124,128
|
£30,544
|
£8,989
|
£39,533
|
31.85%
|
Average total annual returns achieved by landlords rose in January,
from 31.3% last month to 31.8%. This comprises a total of £39,533, made up of £30,544 in capital appreciation plus £8,989
in rental income, on a property worth £124,128 at purchase. This improvement comes on the back of higher returns in a number
of regions, particularly in Yorkshire (up from 44.6% to 66.5%), Greater London (up from 22.1% to 31.2%) and the North (up
from 51.3% to 56.6%). Smaller rises were seen in the South West, East Anglia and the North West.
Winners and Losers by Region
|
Region
|
January 2005
|
December 2004
|
November 2004 |
TOP YIELDS
(property values) |
Yorkshire
|
7.57%
(£123,475)
|
7.50%
(£116,738)
|
7.46%
(£117,220)
|
|
South West
|
7.35%
(£176,715)
|
7.59%
(£178,446)
|
7.99%
(£183,751)
|
BOTTOM YIELDS
(property values) |
Greater London
|
6.14%
(£264,186)
|
5.98%
(£259,962)
|
5.83%
(£255,815)
|
|
East Anglia
|
6.42%
(£130,559)
|
6.38%
(£141,296)
|
6.43%
(£133,007)
|
----------------------------------------------------------------------------------------------
Winners & Losers
December 2004
The average total return is over 31%, while in some regions it is significantly
higher: 57% in Wales, 51% in the North and 44% in Yorkshire and the East Midlands.”
Total Annual Return (rents plus capital appreciation)
|
Property Value December 2003
|
Property Value Appreciation
to Dec 2004
|
Rental Income (December 2003- 2004)
|
Total Gross Return
|
Return on Initial Investment
|
| Wales |
£88,928
|
£42,857
|
£7,515
|
£50,371
|
56.64%
|
| North |
£57,087
|
£24,110
|
£5,196
|
£29,306
|
51.34%
|
| Yorkshire |
£85,462
|
£31,276
|
£6,812
|
£38,088
|
44.57%
|
| East Midlands |
£98,376
|
£36,065
|
£7,576
|
£43,641
|
44.36%
|
| North West |
£82,150
|
£26,512
|
£7,197
|
£33,709
|
41.03%
|
| East Anglia |
£112,320
|
£28,976
|
£7,565
|
£36,541
|
32.53%
|
| South East |
£141,405
|
£31,732
|
£9,675
|
£41,407
|
29.28%
|
| South West |
£154,831
|
£23,614
|
£13,075
|
£36,689
|
23.70%
|
| Greater London |
£225,079
|
£34,883
|
£14,826
|
£49,709
|
22.09%
|
| West Midlands |
£108,175
|
£13,119
|
£7,698
|
£20,817
|
19.24%
|
| National |
£123,372
|
£29,462
|
£9,098
|
£38,560
|
31.26%
|
Winners and Losers by Region
|
Region
|
December 2004
|
November 2004
|
October 2004
|
TOP YIELDS
(property values) |
South West
|
7.59%
(£178,446)
|
7.99%
(£183,751)
|
7.47%
(£190,522)
|
|
Yorkshire
|
7.50%
(£116,738)
|
7.46%
(£117,220)
|
7.32%
(£108,335)
|
BOTTOM YIELDS
(property values) |
Greater London
|
5.98%
(£259,962)
|
5.83%
(£255,815)
|
5.79%
(£250,871)
|
|
East Anglia
|
6.38%
(£141,296)
|
6.43%
(£133,007)
|
6.79%
(£136,117)
|
----------------------------------------------------------------------------------------------
Winners & Losers
November 2004
This month, the highest overall return on investment occurred in Wales, where
landlords have generated a return of 56.8% on a typical property bought 12 months ago. Yorkshire overtook the East Midlands
to move into second place with overall returns of 45%, whilst the West Midlands also produced returns in excess of 40%. The
North West also showed a significant increase from 39.0% in October up to 42.0% in November.
Total Annual Return (rents plus capital appreciation)
|
Property Value November 2003
|
Property Value Appreciation
to Nov 2004
|
Rental Income November 2004
|
Total Gross Return
|
Return on Initial Investment
|
| Wales |
£81,032
|
£39,335
|
£6,714
|
£46,049
|
56.83%
|
| Yorkshire |
£85,597
|
£31,623
|
£6,944
|
£38,567
|
45.06%
|
| East Midlands |
£104,697
|
£36,521
|
£7,901
|
£44,423
|
42.43%
|
| North West |
£84,621
|
£27,901
|
£7,624
|
£35,524
|
41.98%
|
| West Midlands |
£102,763
|
£35,514
|
£7,553
|
£43,067
|
41.91%
|
| North |
£57,988
|
£18,781
|
£5,182
|
£23,963
|
41.32%
|
| South East |
£144,268
|
£27,369
|
£10,405
|
£37,774
|
26.18%
|
| South West |
£158,950
|
£24,801
|
£12,884
|
£37,685
|
23.71%
|
| Greater London |
£231,740
|
£24,075
|
£15,625
|
£39,700
|
17.13%
|
| East Anglia |
£120,326
|
£12,681
|
£7,608
|
£20,289
|
16.86%
|
| National |
£125,619
|
£27,672
|
£9,412
|
£37,084
|
29.52%
|
Despite a 7.03% increase in property values, the South East also saw a strong
increase in yields, rising from 6.33% to 6.46% as rents grew from £10,154 to £11,094 this month. Yields increased across a
total of 6 regions in November, with the biggest increases seen in those regions experiencing the highest increases in rental
incomes.
Winners and Losers by Region
|
Region
|
November 2004
|
October 2004
|
September 2004
|
TOP YIELDS
(property values) |
South West
|
7.99%
(£183,751)
|
7.47%
(£190,522)
|
6.92%
(£191,203)
|
|
Yorkshire
|
7.46%
(£117,220)
|
7.32%
(£108,335)
|
7.28%
(£108,092)
|
BOTTOM YIELDS
(property values) |
East Anglia
|
6.43%
(£133,007)
|
6.79%
(£136,117)
|
6.53%
(£127,872)
|
|
Greater London
|
5.83%
(£255,815)
|
5.79%
(£250,871)
|
5.99%
(£238,002
|
---------------------------------------------------------------------------------------------
Winners & Losers
October 2004
The improvement in the average comes on the back of significantly
higher returns in a number of regions, including the East Midlands (up from 35.8% to 53.2%), Wales (up from 43.3% to 52.3%),
Yorkshire (up from 24.8% to 34.2%), the North (up from 37.9% to 39.8%) and East Anglia (up from 16.5% to 17.4%).
The
return comprises a total of £31,207 (up from £29,607 last month), made up of £21,535 (£20,086 last month) in capital appreciation
plus £9,672 (£9,521 last month) in rental income, on a property worth £127,329 (£125,246) at purchase.
Total
Annual Return (rents plus capital appreciation)
|
Property Value October 2003
|
Property Value Appreciation
to Oct 2004
|
Rental Income October 2004
|
Total Gross Return
|
Return on Initial Investment
|
| East Midlands |
£106,319
|
£48,846
|
£7,766
|
£56,612
|
53.25%
|
| Wales |
£77,487
|
£33,630
|
£6,900
|
£40,531
|
52.31%
|
| West Midlands |
£106,164
|
£34,443
|
£8,178
|
£42,621
|
40.15%
|
| North |
£55,502
|
£16,864
|
£5,244
|
£22,108
|
39.83%
|
| North West |
£82,137
|
£24,446
|
£7,558
|
£32,004
|
38.96%
|
| Yorkshire |
£86,102
|
£22,233
|
£7,205
|
£29,438
|
34.19%
|
| South West |
£153,395
|
£37,127
|
£12,300
|
£49,427
|
32.22%
|
| East Anglia |
£122,650
|
£13,467
|
£7,874
|
£21,342
|
17.40%
|
| South East |
£146,840
|
£13,522
|
£10,587
|
£24,109
|
16.42%
|
| Greater London |
£245,610
|
£5,261
|
£17,185
|
£22,446
|
9.14%
|
| National |
£127,329
|
£21,535
|
£9,672
|
£31,207
|
24.51%
|
Winners and Losers by Region
|
Region
|
September 2004
|
August 2004
|
July 2004
|
TOP YIELDS
(property values) |
South West
|
7.47%
(£190,522)
|
6.92%
(£191,203)
|
6.85%
(181,035)
|
|
North
|
7.44%
£72,367
|
7.25%
£72,013
|
7.84%
£73,951
|
BOTTOM YIELDS
(property values) |
South East
|
6.33%
(£160,361)
|
6.28%
(£157,862)
|
6.28%
(£156,309)
|
|
Greater London
|
5.79%
(£250,871)
|
5.99%
(£238,002)
|
6.29%
(£226,732)
|
------------------------------------------------------------------------------
Winners & Losers
September 2004
This month, the highest overall return on investment occurred in the
West Midlands, where landlords have generated a return of 55.2% (on a typical
property bought 12 months ago) - a total of £51,913, comprising £44,063 in capital appreciation plus £7,850 in rental income,
on a property worth £93,976 at purchase. Wales also produced returns in excess of 40%.
Total Annual Return (rents plus capital appreciation)
|
Property Value September 2003
|
Property Value Appreciation
to Sept 2004
|
Rental Income August 2004
|
Total Gross Return
|
Return on Initial Investment
|
| West Midlands |
£93,976
|
£44,063
|
£7,850
|
£51,913
|
55.24%
|
| Wales |
£85,483
|
£29,529
|
£7,521
|
£37,050
|
43.34%
|
| North West |
£80,351
|
£23,899
|
£7,650
|
£31,549
|
39.26%
|
| North |
£56,140
|
£15,874
|
£5,377
|
£21,251
|
37.85%
|
| East Midlands |
£111,026
|
£31,627
|
£8,167
|
£39,794
|
35.84%
|
| South West |
£153,388
|
£37,814
|
£11,552
|
£49,366
|
32.18%
|
| Yorkshire |
£92,860
|
£15,232
|
£7,827
|
£23,058
|
24.83%
|
| East Anglia |
£117,407
|
£10,465
|
£8,877
|
£19,342
|
16.47%
|
| South East |
£144,361
|
£13,501
|
£10,281
|
£23,782
|
16.47%
|
| Greater London |
£230,196
|
£7,805
|
£15,623
|
£23,429
|
10.18%
|
| National |
£125,246
|
£20,086
|
£9,521
|
£29,607
|
23.64%
|
Winners and Losers by Region
|
Region
|
September 2004
|
August 2004
|
July 2004
|
TOP YIELDS
(property values) |
East Midlands
|
7.41%
(£142,653)
|
7.20%
(£135,066)
|
6.89%
(£132,644)
|
|
Yorkshire
|
7.28%
(£108,092)
|
7.31%
(£107,440)
|
7.41%
(£103,651)
|
BOTTOM YIELDS
(property values) |
South East
|
6.28%
(£157,862)
|
6.28%
(£156,309)
|
6.50%
(£164,455)
|
|
Greater London
|
5.99%
(£238,002)
|
6.29%
(£226,732)
|
6.43%
(£225,370)
|
|
