Knowing where to invest in property can be a tricky balance to get right. Are you looking for a family home that will gain in value by the time you downsize? Or are you looking to buy low and sell high? With London becoming increasingly unaffordable, here’s our pick of the UK’s best investment hotspots for the savvy investor.
It seems that David Brent was right all along. With nearly 5,000 businesses already in the area including big hitters like Ferrari, Unilever, Honda and O2, Slough is a magnet for young professionals leaving London.
With the promise of fast commuting links to Canary Wharf and Heathrow and £1 billion in regeneration investment, prices in Slough are already on the up and are expected to go much higher when Crossrail starts service in 2019.
Ranked 21st on the ‘Emerging Trends in Real Estate Europe’ investments prospects list – just one place below Northern powerhouse Manchester – Birmingham remains a great place in which to invest. HSBC and HRMC have both moved into the city and others are set to follow as they’re increasingly priced out of London.
But Birmingham also shines as a place to bring up a family with leafy suburbs, good schools, world-class shopping and a thriving arts scene. House prices average £183,399, with yields of 5.02% making Birmingham a very attractive option.
As of June 2018, it was still possible to buy sound properties in the Bootle and Netherton areas of Liverpool in the £55,000-£65,000 bracket. There’s also a thriving shared ownership market, four universities and a student retention rate of 60%. Liverpool boasts the fastest growing economy in the UK.
Large-scale regeneration schemes like the £5 billion Liverpool Waters scheme and a booming business and cultural sector make Liverpool the ideal place to start building a low-cost property portfolio. And, with prices set to rise 17% over the next five years, Liverpool is giving Manchester a run for its money.
If you’re looking to invest in a family home near leafy parks and well-performing schools, yet within easy commuting distance of central London, look to the Circle Line. According to the Office of National Statistics, Redbridge is the highest scoring London borough for resident satisfaction and with Crossrail underway, it will only increase in attractiveness to investors.
Though the average property price is currently £484,766 for a terraced property, prices will only continue to rise. Rental prices currently start at £1,287pcm – just above the national average – and are set to increase when Crossrail comes fully online.
Whether you’re interested in buying low in a Northern property hotspot or you’re looking for a family home that’s a smart investment, we can help. Blackmore Homes have prestige residential developments across the UK to help you make the most of your property investments, so contact us today for more information.