The latest buy-to-let hotspots analysis by Private Finance has found that both cities had average rental yields of 6.2%.
They were followed by Cardiff – which had an average rental yield of 6% – and Southampton (5.9%).
Rental yields in the top 10 BTL hotspots have increased on average by 0.9 percentage points since May 2017.
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Shaun Church, director at Private Finance, said: “Finding the right buy-to-let location is a careful balancing act.”
Shaun explained: “Too large an initial investment makes it difficult to achieve a healthy yield, but landlords must also be confident that property values will appreciate at a higher rate than mortgage borrowing to achieve a long-term profit.
“Strong rental demand is also key to prevent lengthy void periods that can damage affordability.
“While there has been some movement in the top 10 buy-to-let hotspots, larger cities and university towns tend to offer the greatest opportunity for investors as they offer the highest rental demand.”