house flipping

Flipping property: where are the UK’s current hotspots for speculators?

Buying at a low price and selling high is a staple investment strategy, but while London once led the way for property speculation, it’s now being significantly surpassed by the north.

New statistics have emerged showing that the trends of property speculators and “flippers” – who purchase properties and sell them on at a higher price, sometimes after renovation to up the value – have seen a major shift in recent times as the country’s housing market has rebalanced regionally.

London’s property market has experienced huge growth over the past couple of decades, which has made it the perfect place for property investors to make good money from capital appreciation. However, with the slump seen in the capital’s house prices over the last couple of years, those looking for the perfect “flipping” destination have been seeking better markets elsewhere.

Moving north to grow profits

According to Hamptons International, which looked at data from the Land Registry showing properties that were bought and then quickly sold again, Burnley in Lancashire had the highest rate at 6% of all homes sold over the past year. This was followed by Middlesbrough, Redcar and Cleveland and County Durham – all in the north, which is where 11 of the 14 top flipping locations were found.

This is a reverse of the situation seen three years earlier when the likes of Kensington and Chelsea was one of the top places for flipping property, according to the statistics.

Affordability pressures affect the market

While the number of people using this investment strategy may have decreased in recent years across the UK as a whole, as house price growth has slowed slightly and issues such as Brexit uncertainty and the stamp duty surcharge for second homes have come into play, it is still possible to turn a profit through flipping – particularly in northern towns and cities.

Aneisha Beveridge, research analyst at Hamptons, commented: “Some northern areas are more resilient. Lower property prices mean that some of the homes bought by flippers fall under the £125,000 stamp duty threshold.

“Price growth in the north will continue to outpace prices in the south, as these are the areas worst affected by affordability pressures.”

To read more about flipping property, read our article here.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:


Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment


Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:


+44 (0) 333 123 0320

Open from 9am-6pm GMT


+852 6699 9008

Open from 9am-6pm HKT