The finding come from an interactive tool launched by GoCompare, that allows users to compare two different cities showing the best option for buy-to-let.
The tool compares cities across data points, including average property price and rental yields, population under 35, number of properties available, number of letting or maintenance agencies, number of new housing developments, properties currently available for rent and rental price growth.
Average Property Price
By towns, Stoke-on-Trent is the least expensive area to buy property with an average property price of £106k.
Oxford is one of the most expensive cities to buy a property with a price of £411k.
And London is in first position with the highest price, at an average of £484k, therefore renting a property out in the capital is an option that needs to be consider really carefully, according to GoCompare.
Rental Price Growth
Manchester takes the leading position on the ranking with growth of 5.76%.
The second position on the ranking with 5.30% growth is Leicester.
Cardiff is in the third position with a growth of 5%.
Average Yield
Manchester holds the top position. The average yield there is 5.55%, putting property owners in the city in a great position.
Sunderland takes the second position for yield with 5.37%.
Liverpool is a hotspot for owners, occupying the third place with an average yield of 5.05%.
