When looking to build, or renovate property for the buy-to-let market, location is everything. Choosing an up and coming location can mean that property can still be snapped up at a reasonable price and hold the promise of future gains for investors.
Property Investment Q&A #1: To Furnish or Not to Furnish?
Warrington, although it may not stand in the first instance, is everything the property industry is looking for in the search of new property hotspots. Whether you’re talking to developers or investors, the way – as well as where – property is being done is changing.
Developers and investors have earmarked Warrington as one of the most promising locations in the North West for several reasons. Here are our Top Three:
Just a 20-minute train journey from both Manchester and Liverpool and regular 1hr 40 direct train to Liverpool. Property prices benefit from being within the exclusive county of Cheshire and Manchester airport is a short drive away.
Investment and Regeneration:
The centre of town has already benefited from investment and has attracted big name restaurants and cafes which are located around the quirky covered market area. More funding has been pledged for the new Bridge Street development of the edge of town, circa £107 million will go towards the regeneration of Bridge street (On edge of town centre) and the creation of “Time Square” which will include a large Cineworld Cinema, several restaurants, a new market hall, new council offices and a large 1300 space multi-storey car park and a new civic square.
Warrington is home to the Birchwood business park, which is home to 165 companies, blue chip to start up, with around 6000 employees. Approximately 3500 jobs in the town are associated with the growing nuclear energy sector and there are an estimated 700,000 people in senior positions living within a 30-minute commute of Warrington. Interestingly 17 HQ offices out of the North West’s top 100 companies are in Warrington – this is on a par with Liverpool.
Why invest in Britain’s HMO property sector? Three good reasons.
Of course, there are plenty more reasons why Warrington is a great place to invest. And some developers, like the Heaton Group, have already recognised the area’s benefits and invested in two developments. Both of them are selling quickly and the Heaton Group are planning to continue their investment in the area in the near future.