x
By using this website, you agree to our use of cookies to enhance your experience.
STAY CONNECTED!
    
newsletter-button

TODAY'S OTHER NEWS

Buy-to-let hotspots revealed

Colchester has been named the best place for buy-to-let investors in today’s market, based on a combination of capital value growth, transaction volumes, rental yield and rental price growth.

Colchester topped the latest buy-to-let index rankings firm LendInvest which covers 105 postcode areas in England and Wales with a yield of 3.71%, capital gain of 9.98%, rental price growth of 3.41% and sale volume growth of 2.79%.

Ranked in second place is Northampton, followed by Leicester, Luton, Birmingham, Manchester, Ipswich, Brighton, Rochester and Norwich.

At the other end of the scale, Crewe, Ilford, much of capital and London commuter towns, such as Dartford, Romford and St Albans, performed poorly.

Ian Boden, sales director at LendInvest, said: “We don’t subscribe to the idea of a mass house price growth slowdown throughout the country. Instead we wanted the Index to show us where the slowdown is hitting hardest, and where the opportunities continue to abound for UK landlords and property investors alike.

“Predictions for the overall growth of the housing market remain positive for the year ahead but this quarter’s Index indicates that house price growth slowdown is impacting on different regions to different degrees. There are reasons to be cheerful in many places around the country. Looking at the South West and the Midlands in particular, we can see modest slowdown occurring that’ll keep market activity buoyant.”

Given the existing climate, Boden expects to see investors take longer-term positions in property as they look to yields and rental price growth as valuable metrics in the short-term to determine the profitability of an asset.

“The best way for investors to take advantage of the volatility in the rental market is to seek out buy-to-let opportunities,” he added.

The Top 10 buy-to-let postcodes

 

Yield

Capital gains

Rental price growth

Transaction volume growth

Colchester

3.71%

9.98%

3.41%

2.79%

Northampton

4.12%

10.02%

2.38%

1.53%

Leicester

3.90%

7.74%

4.35%

2.63%

Luton

3.97%

8.60%

3.72%

1.65%

Birmingham

4.60%

6.70%

3.91%

3.30%

Manchester

5.42%

6.28%

3.71%

2.33%

Ipswich

3.51%

8.09%

3.11%

3.51%

Brighton

3.72%

5.32%

4.99%

2.81%

Rochester

3.92%

7.18%

3.24%

1.77%

Norwich

3.70%

7.75%

2.70%

1.88%

The Bottom 10 buy-to-let postcodes

 

Yield

Capital gains

Rental price growth

Transaction volume growth

East Central London

2.90%

-3.76%

-1.1%

-1.73%

Durham

4.39%

-2.07%

-3.0%

1.48%

Halifax

4.06%

-1.82%

-0.5%

4.41%

Kingston upon Thames

2.99%

2.32%

-2.3%

1.38%

Cleveland

4.26%

-0.53%

-0.5%

2.84%

Watford

3.23%

3.20%

-1.9%

1.14%

West London

2.68%

3.38%

-0.9%

-0.49%

South West London

2.93%

3.13%

-1.3%

-0.78%

Ilford

3.59%

2.97%

-1.9%

3.39%

Crewe

3.69%

1.93%

0.1%

0.87%

Areas most affected by price growth slowdown

 

Region

Change in rate of growth in the past six months

Dartford

South East

Down 66%

St Albans

South East

Down 63%

Romford

London

Down 62%

Reading

South East

Down 53%

East London

London

Down 48%

Slough

South East

Down 48%

Milton Keynes

South East

Down 47%

Chelmsford

East of England

Down 46%

Bath

South West

Down 46%

Southend-on-Sea

South East

Down 43%

Areas least affected by price growth slowdown

 

Region

Change in rate of growth in the past six months

Truro

South West

Up 73%

Birmingham

West Midlands

Up 35%

Bournemouth

South West

Up 31%

Northampton

East Midlands

Up 4%

Exeter

South West

Up 2%

Lincoln

East Midlands

Up 2%

Leicester

East Midlands

Down 2%

Coventry

West Midlands

Down 9%

Taunton

South West

Down 9%

Gloucester

South West

Down 14%

icon

Please login to comment

Zero Deposit Zero Deposit Zero Deposit
sign up