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Manchester tops buy-to-let league table

Friday 15 December 2017

Manchester leads a league table of buy-to-let investment locations in England and Wales, according to the latest lending index.

Landlords can gain the highest yields in Manchester at 5.55 per cent and the city also comes top in terms of rental growth at 5.76 per cent, with capital gains growth at a solid 8.34 per cent, says specialist lender LendInvest.

The quarterly index ranks all 105 postcodes in England and Wales based on a combination of rental yields, capital gains, rent growth and transaction volumes.

Colchester is in second place with 3.78 per cent, and it also comes top for capital gains at 11.96 per cent, with rent growth of 5.76 per cent. 

In third place is Luton with yields of 4.0 per cent, capital gains of 9.16 per cent and rent growth of 5.26 per cent.

In terms of capital gains, Colchester is followed by Southall at 11.09 per cent, Hemel Hempstead at 10.27 per cent, Slough at 10.19 per cent, Harrow at 9.89 per cent and Ipswich at 9.44 per cent. 

While the majority are in the South of England Hull is in tenth place with 8.46 per cent.

While Manchester has the highest rental growth, Leicester follows at 5.3 per cent, Luton is up 5.26 per cent, Rochester up 5.12 per cent, Cardiff up 5 per cent, Brighton up 4.61 per cent, Swansea up 4.47 per cent, Birmingham up 4.29 per cent, Newcastle up 4.18 per cent and Truro up 4.13 per cent.

Ian Boden, sales director at LendInvest, says the figures indicate that the North and the Midlands are becoming good options for landlords.

The index report shows that Manchester has overtaken Luton to gain the top spot, Leicester is in the top 10 for the first time and Hull has climbed 93 places to sixth since December 2016. Birmingham and Nottingham have also made considerable gains in the index.

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