Colchester has been named as the best place for buy to let property investment based on capital value growth, transaction volumes, rental yield and rental price growth.

It tops the latest buy to let index rankings which cover 105 postcode areas in England and Wales by property finance firm LendInvest which aims to give landlords the information they need to make investment choices.

Colchester comes out with a yield of 3.71%, capital gain of 9.98%, rental price growth of 3.41% and sale volume growth of 2.79%.

In second place is Northampton, followed by Leicester, Luton, Birmingham, Manchester, Ipswich, Brighton, Rochester and Norwich making up the top 10.

At the bottom is Crewe with a yield of 3.69%, capital gains of 1.93%, rental price growth of 1.1% and sales volume growth of 0.87%. Second bottom is Ilford, then South West London, West London, Watford, Cleveland, Kingston Upon Thames, Halifax, Durham and East Central London.

The research also looks at how the same postcode areas are faring amid a nationwide slowdown in house price growth. House price growth is a crucial factor for landlords and property investors to take into account when looking at how a potential investment property will perform as a long term asset.

It found that the Midlands has been largely unaffected by the house price growth slowdown, as has the South West of England Truro recording a 73% upswing in house price growth, bucking the national trend.

Read the rest of the story at propertywire.com