House prices in Manchester and Liverpool have fallen compared with the same period last year , according to the LendInvest buy-to-let index.
The market-leading data showed the decline for the North West region in the first quarter of 2015 from the same period in 2014.
In contrast, four of the 10 highest rental yielding postcodes are to be found in Birmingham, followed close behind by 3 of the 10 in Glasgow with Ipswich and Liverpool also making it into the top 10.
The LendInvest Buy-To-Let Index is published quarterly, and uses recent asking price sales and data to provide a snapshot of the UK property market, and then overlays the current rental prices to obtain an accurate yield for UK BTL property.
The index also revealed that the average rental yield for a 1 bed property across the UK is 5.9% compared to 5.3% for a 2 bed, 4.7% for a 3 bed and 4.0% for a 4 bed.
While according to Price Paid data from Land Registry capital gains are 2.6% per year across the UK from the year 2010 to 2014.
In London, the UK’s cauldron of house price surges, the index showed that postcodes WC1, WC2 and N5 have the highest returns on investment yielding up to 25% year on year. The highest house price increase has been seen in Hackney over the period 1995-2014 experiencing up to an eight fold increase, closely followed by Kensington and Chelsea with a seven fold increase.
The LendInvest Buy-To-Let Index is freely accessible on LendInvest’s website, and provides various interactive graphs and charts, providing a powerful new tool for BTL investors.
The data for the LendInvest Buy-To-Let Index uses data from Zoopla, one of the largest and most comprehensive property data providers and historical data from Land Registry, making the LendInvest Buy-to-Let Index the most extensive publicly available assessment of the UK BTL property market.