Coleraine vs Telford for Property Investment
Coleraine leads on gross yield at 6.2%, while Coleraine has the lower entry price at £145,000. Here is how the two markets compare on yield, price, deposit and tenant demand.
Coleraine vs Telford at a glance
| Metric | Coleraine | Telford |
|---|---|---|
| Average gross yield | 6.2% | 6.2% |
| Average property price | £145,000 | £215,000 |
| Implied monthly rent | £749 | £1,111 |
| 25% deposit | £36,250 | £53,750 |
| Stamp duty (additional property) | £7,250 | £10,750 |
| Population | 25,000 | 175,000 |
| Region | Northern Ireland | West Midlands |
| Investor rating | Good | Good |
Coleraine
Stock is dominated by Victorian and inter-war terraces, with two- and three-bed houses making up most of what comes to market. Tenant demand is underpinned by a large student population, seasonal and holiday-let demand, supported by a population of around 25,000. On the average £145,000 purchase, a 6.2% gross yield implies roughly £749 per calendar month in rent, a useful sanity check when you are reviewing a listing. University town with coastal tourism.
- WorkableStandard buy-to-let
- Strong fitHMO / rent by the room
- Strong fitFirst-time landlord
Telford
Typical stock is a mix of terraces, ex-council semis and a growing number of apartment conversions closer to the centre. Tenant demand is underpinned by local employment in services, healthcare and logistics, supported by a population of around 175,000. On the average £215,000 purchase, a 6.2% gross yield implies roughly £1,111 per calendar month in rent, a useful sanity check when you are reviewing a listing. New town with modern housing stock and employment zones.
- WorkableStandard buy-to-let
- WorkableHMO / rent by the room
- Strong fitFirst-time landlord
Which is the better investment?
If monthly cash flow is your priority, Coleraine is the stronger option on paper at 6.2% gross. If you want the lower capital commitment, Coleraine needs around £36,250 as a 25% deposit. Averages only take you so far, though, so run the actual listing through PropertyROI before you offer.
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