Our seaside town beat major cities such as London to take the top spot with landlords reportedly making average monthly profits of £570.
The findings weighed rental fees against a comprehensive range of landlord costs including licence fees and maintenance.
The published list saw Brighton take the top spot, behind Bangor, Portsmouth and Leeds.
So why is Brighton – and neighbouring Hove – so popular?
Part of the appeal is obvious – a fashionable seaside location, quick and easy rail links to London, good schools, and large student population.
The pandemic has also played its part, with a mass exodus of people choosing to leave London and the UK’s big cities to seek out a better quality of life and opportunities to “work from home”.
As a result property prices are buoyant, with flats selling for an average £290,055 and terraced properties going for £492,415, according to latest figures published by Rightmove.
https://www.rightmove.co.uk/house-prices/brighton.html
Overall, sale prices in Brighton were 9% up on the previous year and 12% up on the 2018 peak of £400,885.
Despite this “good news”, always remember that being a landlord can provide you with a lucrative income if planned correctly – but it’s not just about getting a tenant.
Many of us jump into it without really understanding what’s involved.
To find out more – and to get a realistic idea of market rents – please give me a call. I’m always more than happy to chat things through.
For more info about the CIA findings, please click on the link below:
The Cost of Being a Landlord in 2021 – CIA Landlord Insurance (cia-landlords.co.uk)
