Despite London house prices falling by 1.7% in the year to October, many new buyers are still finding themselves completely priced out of living in the capital. Somewhat inevitably, this is causing them to look at other areas within a commutable distance.
However, the East Midlands offers much more than an easy route into London; boasting a selection of thriving, lively cities and picturesque, green-swathed villages. A region famous for producing blue-veined cheese and the nation’s favourite crisps, properties in the East Midlands are quickly rising in value and becoming very worthy investments indeed.
So, why exactly should you consider relocating?
Beautiful Rural Villages and Thriving Urban Cities
The beauty of the East Midlands lies in the fact it has a little something for everyone. Bustling cities such as Nottingham, Derby and Leicester are always alive with the buzz of activity; while charming little towns and villages bask in the beauty of the Peak District and Chiltern Hills.
In fact, some of these smaller towns rank among the best places to live in the UK, with the likes of Fiskerton-cum-Morton and Market Harborough listed highly on The Sunday Times Best Places to Live 2018. Buxton and Lincoln also rank highly on that list, while a recent Halifax survey ranked Rutland as the second-best place to live in the UK.
Whether you enjoy the buzz of city centre living, crave the tranquillity of the great outdoors or want to live in a quaint market town (such as Burton Latimer), you’ll be impressed by the sheer diversity the East Midlands has to offer.
Fantastic Activities and Experiences
The East Midlands is bursting with things to do and places to explore, so you’ll never have to worry about getting bored on the weekends. You can venture into Nottingham Castle, relax by Rutland Water or enjoy an afternoon at Wollaton Hall; sample the selection of bars, restaurants, pubs and clubs in the city centres; have an experience to treasure at the Donington Park Circuit; or check out the infamous Download Festival.
However you like to spend your weekends, the East Midlands certainly isn’t short of fun activities and memorable experiences for you to enjoy.
Handy Commuter Routes
Due to its central location, the East Midlands offers fantastic transport links and simple routes to the likes of London, Manchester, Leeds and other major cities. Nottingham is particularly famous for its connection with the rest of the country, providing easy access to the M1 alongside plenty of handy rail options, while Derby and Leicester are also both great options for commuters.
House Price Growth
According to data from the Office for National Statistics (ONS), house prices in the East Midlands are now the fastest-growing in the UK. Rising by 6.5% in the year to August, the East Midlands is way ahead of the national average (3.2%), while experts are predicting a further rise of up to 19.3% over the next 5 years.
The average property price in the East Midlands is now just under £195,000, presenting you with not only a prime location in central England, but also an absolutely unmissable investment opportunity. If you’re thinking of moving to the area, then make sure to have a look at our available property developments!