The best buy to let yields can be found in the North East of England according to new research. 

The region as a whole is currently home to an average house price of £144,032 and an average rent value of £566 per month, the rental yield is 4.7 per cent, well above the national average of 3.9 per cent according to Stripe Homes.

Second region on the list is Yorkshire & Humber, where the average house price is £179,408 and the average rent is £631 per month, delivering a good yield of 4.2 per cent.

The third-most profitable buy to let region is the North West with an average yield of 4.2 per cent, followed by London where high house prices are matched by high rent values to create a yield of just under 4.0 per cent.

Rounding off the top five is the West Midlands, where an average house price of £216,973 meets an average rent value of £697 per month to create a yield of 3.9 per cent.

Stripe also narrows down to individual towns and cities, which shows Newcastle-upon-Tyne at the top. With an average house price of £177,821 and average monthly rent of £844, the city offers an average yield of 5.7 per cent.

Blackpool is close behind with an average house price of £116,939 and an average rent of £540 per month creating a yield of 5.5 per cent.

Stoke-on-Trent also boasts yields of 5.5 per cent, while Burnley in Lancashire and Knowsley in Merseyside both offer yields of 5.4 per cent.