No party gains a majority in the LendInvest Buy-to-Let Index Top 10

Christian Faes

LendInvest, the UK’s online marketplace for property lending and investing, has released its latest quarterly Buy-to-Let Index report with a special feature marking the general election.

The LendInvest BTL Index ranks each postcode area around England and Wales based on a combination of four critical metrics: capital value growth, transaction volumes, rental yield and rental price growth.

Key findings for June 2017
  • Luton in North West London reclaims top spot

  • Previous table-topper Romford drops to tenth due to a 2.13% decrease in capital gains and falling rental yields

  • Manchester breaks into the Top 10 following impressive rental price growth

  • Top 10 is evenly split between Conservative and Labour voting postcodes

  • Clear correlation in high capital gains towns voting Conservative and areas with high rental yields voting Labour

Christian Faes, pictured, Co-Founder and CEO of LendInvest, said:

“Against a backdrop of all the political upheaval the country has endured in the last quarter, it isn’t surprising to see some significant changes in the performance of postcodes against one another. We’ve seen last quarter’s top performing postcode, Romford, fall nine places; while Manchester – unofficial home of the Northern Powerhouse – ascended to the Top 10 for the first time.

“These shifts, however, are more isolated than systemic and the fact that there has not been a greater shakeup in the Top 10 buy-to-let postcodes signals the durability and resilience of the UK property market.”

The Top 10 buy-to-let postcodes

Yield

Capital gains

Rental price growth

Transaction volume growth

Luton

4.54%

12.83%

7.37%

-10.40%

Stevenage

4.05%

11.64%

7.47%

-9.40%

Rochester

4.55%

12.34%

5.45%

-9.40%

Colchester

4.29%

14.14%

4.14%

-11.16%

Dartford

4.37%

13.61%

3.92%

-10.94%

Peterborough

4.71%

9.04%

6.98%

-10.67%

Southend-on-Sea

4.30%

12.37%

3.89%

-10.26%

Manchester

6.11%

7.58%

7.53%

-12.41%

Canterbury

4.36%

9.34%

6.62%

-11.49%

Romford

4.81%

14.42%

1.28%

-11.67%

The Bottom 10 buy-to-let postcodes

Yield

Capital gains

Rental price growth

Transaction volume growth

Sunderland

5.79%

0.75%

-0.5%

-8.65%

Lancaster

4.28%

2.10%

-0.3%

-10.27%

Darlington

4.19%

0.47%

-0.2%

-8.29%

Preston

4.35%

0.26%

-0.4%

-9.75%

Llandudno

4.56%

0.88%

-0.9%

-9.07%

Plymouth

4.12%

3.14%

-2.6%

-10.21%

Western Central London

3.75%

3.18%

-3.4%

-20.36%

North West London

3.70%

3.84%

-3.9%

-16.01%

West London

2.94%

1.74%

-3.0%

-18.95%

Galashiels

3.98%

1.60%

-6.2%

-12.54%

The Top 10 postcodes that voted Conservative

Yield

Capital gains

Rental price growth

Transaction volume growth

Stevenage

4.05%

11.64%

7.5%

-9.40%

Rochester

4.55%

12.34%

5.4%

-9.40%

Colchester

4.29%

14.14%

4.1%

-11.16%

Dartford

4.37%

13.61%

3.9%

-10.94%

Southend-on-Sea

4.30%

12.37%

3.9%

-10.26%

Romford

4.81%

14.42%

1.3%

-11.67%

Chelmsford

3.96%

12.44%

3.3%

-10.25%

Northampton

4.68%

9.64%

4.8%

-11.23%

Swindon

4.10%

9.46%

5.0%

-10.49%

St Albans

3.56%

11.30%

3.9%

-12.48%

The Top 10 postcodes that voted Labour

Yield

Capital gains

Rental price growth

Transaction volume growth

Luton

4.54%

12.83%

7.4%

-10.40%

Peterborough

4.71%

9.04%

7.0%

-10.67%

Manchester

6.11%

7.58%

7.5%

-12.41%

Canterbury

4.36%

9.34%

6.6%

-11.49%

Bristol

4.45%

10.34%

4.8%

-10.82%

Coventry

4.95%

8.49%

5.6%

-10.49%

Ipswich

4.02%

11.77%

3.2%

-10.86%

Newport

4.79%

5.52%

6.8%

-8.83%

Ilford

4.37%

13.94%

0.9%

-14.63%

Leeds

4.77%

5.97%

6.4%

-9.59%

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