According to Paragon, average rental incomes are now £11,066 with typical rental yield being 6% and a standard landlord’s property valued at £183,555 each.

Mainstream rental income rose from £10,718 in September to £11,066 in October, which is the highest increase to date. Over the past year, rents have increased by 10.2% on average, with rents highest in southern parts of the country; Greater London at £20,084, the South West at £12,609 and the South East at £11,065.

Yields are steady at 6%, which is the same level as one, three and 12 months ago. Yields are higher in the northern parts of the country; 6.7% in Yorkshire and the North West, Wales and the East Midlands at 6.5% and the North and West Midlands at 6.4%.

Typically property value is £183,555, which is 1.1% up on three months ago. Over the past year, property prices have risen by 9.5%, with property values highest in Greater London (£370,776) and lowest in the North and North West (£117,988 and £125,328 respectively).

Total annual returns on a property purchased 12 months ago are at 15.5%, up from 14.2% in September, taking into account capital gain plus rental income. Total returns are highest in East Anglia (31.4%), Greater London (29.3%) and the East Midlands (24%).