With uncertainty surrounding Covid-19 and fears of being stranded abroad weighing high in the mind of travellers, demand for UK holidays is booming. According to data from American Express, Britons are expected to spend an average of £353 each in the summer months on UK holidays.
Recent estimates suggest that the UK's National Parks could see in excess of 100 million visitors this year and for buy-to-let investors, this provides an opportunity to build property portfolios in highly sought-after locations.
From the stunning mountain ranges of Snowdonia and Brecon Beacons in Wales to the wilds of Exmoor and Dartmoor in the southwest of England and the unspoilt, undulating views of the Cairngorms and Loch Lomond in Scotland - these protected landscapes also offer a great escape from the urban life.
Buy-to-let mortgage brokers Norton Finance have created a formula combining property prices, average monthly rental, gross rental yield and Google search data to reveal the best National Parks for buy-to-let investment.
1. Stunning Snowdonia
Research shows that Snowdonia National Park in northwest Wales is the best place to invest in a buy-to-let property. Featuring Wales’s highest peak, Mount Snowdon, a historic mountain railway, and stunning scenery, approximately 165,000 people search for the park on Google every month.
With the average property costing just £203,320 and with a potential gross yearly rental yield of 20.46%, Snowdonia is the best National Park in the UK to invest in a buy-to-let property.
2. Picturesque Lake District
The Lake District in Cumbria, home to glacial lakes, rugged mountains and literary connections has the highest average monthly search volume (368,000) and came in second for those looking to build a property portfolio.
3. Beautiful Brecon Beacons
The Brecon Beacons National Park, where Pen Y Fan is situated, was positioned third and is one of three Welsh National Parks top five areas to invest in, making Wales a profitable choice for investors.
4. Breathtaking Pembrokeshire
For buy-to-let investors looking to get their foot in the door, the Pembrokeshire Coast offers the highest yield (35.36%) on rental property. Whilst monthly search volumes are lower (5,400), this area of natural beauty is still popular with holidaymakers and has been positioned as the fourth-best investment.
5. Delightful Peak District
Rounding up our top 5 is Peak District, with a staggering 246000 monthly search volume. Running down the spine of the UK from Derbyshire to Yorkshire, Peak District contains some of the most beautiful areas to live in the UK and the most stunning Landscapes.
With the average gross yields indicating the annual return on property, a rental property in the Peak District would provide a profit of 16.89%.
With summer foreign travel remaining off the menu for most and holidaymakers staying in Britain, buying holiday homes on these locations can help investors cash in on the staycation boom.
