Buy to Let City Tracker Number 1: Oxford

Oxford

Roger Churaman, Aldermore Relationship Manager for the Home Counties:

As the relationship manager for our Home Counties region I was pleased, but not surprised, that Oxford won the top spot in our new Buy to Let City Tracker1.

This tracker looks at 25 cities across the UK to understand the best places for landlords to invest in, and with 28% of the population in private rented accommodation, Oxford is an attractive city for landlords. 

The two universities’ high demand for rental accommodation coupled with limited stock has created the perfect storm for investors looking to Oxford for buy to let opportunities. Add to this the 3 hospitals based in Oxford and another on the outskirts in Banbury, Oxford has created a rental market for professionals working within the Oxford University Hospitals NHS Teaching Trust. Buy to let continues to thrive as investors can rely on an established tenancy market and continued improving yields.

I asked Darren Meehan, Director of Bright Money Independent Mortgage Brokers what he thought..

“Oxford has always had a strong demand for rental properties, due to Oxford Brookes University, The University of Oxford and the many hospitals. The level of professional renters is attractive due to the low voids for owners, long tenancies that professionals take, and the properties tend to be well looked after.

“With the large volumes of new housing stock being built all over Oxfordshire, such as Didcot, there are a lot of new opportunities for investors. These new-builds outside the City Centre are more affordable to investors and they also target the commuters, so Oxfordshire really does have something for all budgets.”

 

 

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1 Aldermore’s Buy-to-Let City Tracker was designed by Opinium and comprises of five core indicators: average rent per room per month, short-term yield for a new buy-to-let purchase, average property price rise over the last 10 years, proportion of vacant properties in the city and size of the private rental market. The index uses a series of secondary data sources including the ONS, Census and other official housing statistics. To read more visit https://www.aldermore.co.uk/about-us/newsroom/2019/12/oxford-tops-the-list-for-buy-to-let-investment-as-hidden-gems-revealed-across-the-uk/

 

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