Chester vs Exeter for Property Investment
Chester leads on gross yield at 4.8%, while Chester has the lower entry price at £325,000. Here is how the two markets compare on yield, price, deposit and tenant demand.
Chester vs Exeter at a glance
| Metric | Chester | Exeter |
|---|---|---|
| Average gross yield | 4.8% | 4.8% |
| Average property price | £325,000 | £325,000 |
| Implied monthly rent | £1,300 | £1,300 |
| 25% deposit | £81,250 | £81,250 |
| Stamp duty (additional property) | £20,000 | £20,000 |
| Population | 130,000 | 130,000 |
| Region | North West | South West |
| Investor rating | Average | Good |
Chester
Expect a spread of semi-detached family homes, period conversions and new-build apartment schemes, with terraces concentrated in the older inner areas. Tenant demand is underpinned by local employment in services, healthcare and logistics, supported by a population of around 130,000. On the average £325,000 purchase, a 4.8% gross yield implies roughly £1,300 per calendar month in rent, a useful sanity check when you are reviewing a listing. Historic city with premium properties and stable returns.
- Consider carefullyStandard buy-to-let
- WorkableHMO / rent by the room
- WorkableFirst-time landlord
Exeter
Expect a spread of semi-detached family homes, period conversions and new-build apartment schemes, with terraces concentrated in the older inner areas. Tenant demand is underpinned by a large student population, local employment in services, healthcare and logistics, supported by a population of around 130,000. On the average £325,000 purchase, a 4.8% gross yield implies roughly £1,300 per calendar month in rent, a useful sanity check when you are reviewing a listing. Cathedral city with growing university and employment.
- Consider carefullyStandard buy-to-let
- Strong fitHMO / rent by the room
- WorkableFirst-time landlord
Which is the better investment?
If monthly cash flow is your priority, Chester is the stronger option on paper at 4.8% gross. If you want the lower capital commitment, Chester needs around £81,250 as a 25% deposit. Averages only take you so far, though, so run the actual listing through PropertyROI before you offer.
Analyse a Property Now