-
Census 2021 Data -
Homes & Property -
Law and Order -
Jobs & Economy -
Learning & Schools -
Essential Services -
Travel & Transport -
Local Amenities -
Leisure & Recreation -
Environment
Yield
Leek, Staffordshire
ST13 7NH Staffordshire Moorlands District
This section gives the estimated property yield for the postcode based on our own unique algorithms, comparing it to the national average. We analyse gigabytes of data to explore why yields might be higher, lower, or in line with expectations. From local market trends to demand and property types, the data paints a clear picture of investment potential in ST13 7NH.
Estimated yield for property investors
2.7%
Yield
The estimated yield for the ST13 7NH postcode area is 2.7%, which is lower than the national average yield of 3.8%.
Summary
The ST13 7NH area has a lower yield, but its high safety score makes it a stable, if not lucrative, investment option - in the long term. Investors seeking long-term stability rather than high returns might find this area appealing.
Property yields in ST13 7NH are lower than average, which might reflect a more mature or stable market where opportunities for high returns are limited.
However, the high safety score adds value to the area, potentially attracting long-term tenants or buyers who prioritixe security, making it a stable investment option.
The less urban nature of ST13 7NH suggests a more suburban or rural setting, which could mean lower rental demand but potentially higher property values if the area is considered desirable for homebuyers.
The high ownership rate in this less urban area could indicate a strong preference for long-term residency, which might limit rental opportunities but could ensure more stable property values.
Factors affecting yield in ST13 7NH
Understanding property yield involves considering various factors like affordability, income, and crime rates. These elements influence rental demand, property values, and ultimately, the return on investment.
Property Yield (%)
The yield represents the income from a property as a fraction of its value. It's an important consideration for investors, with higher yields often resulting from favourable rental income and local market conditions around ST13 7NH.
Property Affordability
Affordability measures the relationship between property costs and local incomes. Less affordable areas might see rent increases that boost yields, but the reduced buyer interest could impact long-term property values.
Rental Affordability
This indicates how much of household income is spent on rent. If rents in ST13 7NH are too high compared to income, it might limit tenant demand, reducing yield. Conversely, balanced rental affordability can attract long-term tenants, stabilising yield.
Household Income
Greater household income often allows residents to pay higher rents, enhancing yield potential. But in affluent regions, the higher property prices could reduce the yield percentage, despite solid rental returns.
Urban Location
Urban areas often have higher yields due to demand from renters, particularly in cities with a young, mobile workforce. However, higher property prices in urban areas can balance out rental income, potentially lowering yield percentages.
Employment Score
High employment is often a sign of economic trouble, which can lower rental demand and increase vacancy rates, reducing yield. Low unemployment generally suggests a stable economy, encouraging higher rental demand and improving yields.
Outright Ownership
A community with a high level of outright property ownership is often more stable, with less need for rentals, which could reduce yields. In contrast, areas with fewer outright owners might see increased rental demand, potentially enhancing yields.
Crime & Safety Levels
Crime rates play a crucial role in determining yields; high crime can deter renters and reduce property values, leading to lower yields. Low crime rates, however, attract more renters and buyers, boosting property values and enhancing yields.
Best Performing Yields
The following postcodes within the ST13 location current have the highest performing yields:
Methodology
Our property yield estimates are derived from a custom algorithm built by PostcodeArea that combines data from the Census 2021 and other reliable third-party sources.
This algorithm evaluates several key factors - including affordability, rental affordability, household income, urbanisation, unemployment rates, property ownership levels, and safety. We do this by assigning weighted scores to each factor. These factors are chosen for their relevance to property investment, with the yield percentage itself carrying the most weight due to its direct impact on potential returns.
The algorithm also incorporates conditional logic to assess how different combinations of these factors might influence property yield. For example, a neighbourhood with high rental affordability and strong income levels might indicate robust rental demand, leading to higher yields.
Conversely, areas with high unemployment and low income could see reduced rental demand, potentially lowering yields.
By considering these interactions, the algorithm provides a more nuanced estimate than simple averages or single-factor analyses.
It's important to note that these yield figures are general estimates intended as a guide rather than precise calculations. While the algorithm offers valuable insights based on historical and statistical data, it may not fully capture the unique aspects of each neighbourhood or current market conditions.
Investors should use this information as a starting point for further analysis and consider it alongside other factors such as market trends and personal financial goals.
