The latest research by a specialist insurance company has found that Salford has become the best profitable buy-to-let city for landlords as the stamp duty holiday has helped UK house prices rise to an all time high.

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The study by the company found that Salford’s average house price stands at £173,311 and the city has an average monthly rent of £1,052 per month, making it the top city for BTL investment.

The company analysed average house prices, rental cost and stamp duty savings in every UK city for the lowest house prices and highest rental yields to calculate the profitability.

Manchester comes in at second with average house prices of £193,681 and an average monthly rent of £1,141 per month, the other three cities in the Top 5 are Leeds, Portsmouth and Belfast.

The city with the wooden spoon for the worst BTL investment is High Wycombe in Buckinghamshire, with the average house prices of £430,891 and an average monthly rent of £945.

Cambridge also had low profit margins with its average house prices of £448,432 and average monthly rent of £1,080, other cities that had low profitably margins are Reading, Worcester and Watford.

The study found that in London the top borough for profitability is Havering with average house prices of £395,832 and average monthly rents of £1,895. However Kensington and Chelsea has the lowest profitability margin in the city with average house prices of £2 million and an average monthly rent of £4,003.