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Sunderland top spot for investors

Property investors are being urged to look to Sunderland for buy-to-let opportunities after it was highlighted as the best place in the UK for rental income.

National property website Rightmove published the survey which highlighted that Sunderland landlords are enjoying the highest rental yields in the country.

Ajay Jagota, managing director of Hylton Road-based KIS Lettings, said: “This is fantastic news for Sunderland’s residential property market and should help to start to get the market moving again.

“Investors should always do their research before taking on a property to let. A crucial factor to consider is the expected rental yield - the income after the mortgage, management fee and all other costs have been paid.

“Wearside’s been highlighted as the best value for money area when it comes to rental income so landlords can be quite sure that they will profit from an investment here.”

The Rightmove survey found that in January 2012 Sunderland was the top spot in the UK for rental yield, followed by Liverpool and Romford, while nearby Newcastle came sixth.

Ajay is confident the new statistics will prove beneficial for Sunderland and will attract investors to the city.

He added: “Anyone potentially considering letting a property in Sunderland should find the report encouraging and the news will also attract savvy investors from outside of the area too. Those wishing to invest are being extra cautious in the current economic climate and are more likely to look further afield for the best buys.”

KIS, which opened in Sunderland in 2010, provides a lettings management service for more than 300 landlords. The company provides an online portal for landlords to check the status of their property at anytime and from anywhere.

The lettings management agency charges an unrivalled five percent management fee and also has branches in South Shields and North Shields.

This was posted in Bdaily's Members' News section by Ajay Jagota .