Rutland is among the most popular places for 'flipping' property.

Research says despite Coronavirus buying and selling homes within a year is at its highest level since 2008.

So far this year 2.5% of homes sold have been flipped within 12 months, a figure which is likely to equate to around 23,000 transactions by the end of the year.

Rutland is third in the table behind the highest-placed Burnley and runner-up Durham. Burnley was top with investors buying cheap terraces for under £40,000, renovating them and then putting them back on the market.

A report by Hamptons estate agency says 5.8 per cent of homes sold in England and wales were bought and sold within 12 months, making an average of £45,269 profit or 24 per cent to the homeowner.

This was higher than the England and Wales average profit of £40,995.

Hamptons said in 2019, flippers in England and Wales spent a total of £4.4bn buying homes, collectively bringing in £5.1bn after selling them last year.

In recent times flipping has increasingly been concentrated across Northern England. So far in 2020, six of the top 10 places are located in the North East or North West of England.

It has been two years since anywhere in Southern England made it into the top 10, a reflection of the weakness of the market and the amount of stamp duty payable.

Aneisha Beveridge, Head of Research at Hamptons International, said: "Flipping generally involves buying, renovating and selling a home over a short period of time, in most cases for a profit. Flippers play an important role in the housing market by improving housing stock and taking on projects other buyers often won't touch.

"Since the market weakened following the financial crash of 2007, the number of flipped houses