NORTH ENGLAND IS THE BEST PLACE TO INVEST
The North of England offers the most affordable home for investors
An overwhelming number of homes for sale in the north are currently being listed below the average UK house price, with popular towns proving to be some of the most reasonably-priced in terms of property values.
Birkenhead, Middlesbrough and Kingston-Upon-Hull were named amongst some of the more affordable towns in the UK, according to new research. All three towns saw more than 90% of all properties currently listed for sale as below the average UK house price of £217,502.
The data also recorded the UK’s least affordable properties – all of which were located in the south of the England. The research saw Bath, Brighton and Tunbridge Wells all named as some of the more costly areas for property, where less than 10% of the housing stock available is currently being listed as below the national average house price.
As largely affordable areas, northern towns are also currently among the most prosperous when it comes to buy to let investment. Wirral Council announced at this year’s MIPIM conference that they were planning to fund a £1bn regeneration project for Birkenhead to transform the town centre and its waterfront. Hull has also proven popular with buy to let investors in recent months as the town has been named the UK’s City of Culture for 2017, further boosting its housing market.
What does Sequre have to say?
Graham Davidson, Managing Director of Sequre Property Investment, comments on the current market conditions for the north and south:
“These new findings confirm what we have been seeing for several years now. With London now completely unaffordable to the masses, buyers and tenants were forced to venture further outside the capital to the likes of Bath and Brighton, in the hope of improving their quality of life. This has had a significant effect on these southern towns and the result has been a huge increase in house prices and lower rental yields, which is simply not appealing to investors.”
“The north offers more to investors looking for a well-rounded property investment – one that can provide good rental yields and the potential for capital growth. Despite a continuing growth in house prices, northern cities still remain largely affordable, which is the key balance in today’s property investment market. Towns such as Hull and Birkenhead are ideal for investors looking to get onto the buy to let ladder as they’re relatively low risk and offer high returns over a long period, giving them a great advantage and their first step to begin building a portfolio.”
If you’re looking north for your next buy to let investment, contact Sequre today. Our team can provide expert advice on the property market and many of our stock is available at a discounted price. All properties are exclusive to Sequre, which means they won’t be available anywhere else on the market, so if you’d like to find out more about our services and save money on your next buy to let purchase, contact us on 0800 011 2277.