Colchester has been christened as the top buy-to-let area across England and Wales, according to the latest research
The LendInvest buy-to-let index ranked 105 postcode areas based on a combination of capital value growth, transaction volumes, rental yield and rental price growth.
Stockport, Manchester, Birmingham and Canterbury completed the rest of the top five in the quarterly report.
East central London and Llandrindod Wells, Powys, came out as the two worst-performing areas in the index.
“As we edge towards the new year, and subsequently the date we are due to leave the EU, all investors’ eyes are on the performance of the UK property market,” said Ian Boden, sales director at LendInvest (pictured above).
“This is a time where our data is our best ally in making the right choices for long-term investment.
“This quarter has returned some interesting results.
“Smaller towns in both the North and Midlands are making swift gains up the table to rival the typical hotspots in each region.”
Ian continued by adding that Stockport had moved above Manchester this quarter, while Harrogate was in hot pursuit of its larger neighbour Leeds.
“Looking towards the centre of the UK, Midlands cities Wolverhampton and Peterborough have smashed into the top 10, joining successful regional capital Birmingham.
“The growing opportunity for BTL investors in these regions reflects a knock-on effect of investment in these key cities.”
