Property Investment Q&A #5: How to Spot an Up and Coming Property Hotspot?

 

One of the keys to successful property investment is finding the best area before everyone else. So what should you be looking for to get the lowest prices, highest yields and – hopefully – strongest increase in value?

Cafes & Bars

Are there a lot of independent cafes and bars popping up in an area you’re looking at for your next investment? This is often seen as a sign that people living nearby have disposable income. These eateries will draw new people to the area, and will additionally increase the footfall, desirability and aesthetic appeal of the neighbourhood. Seeing big chain names, such as Starbucks or Costa can signify that the area has already “emerged” and you may have already missed your chance.

https://www.buyassociation.co.uk/2017/01/30/property-investment-qa-4-i-invest-area-i-dont-know/

Building work

If the sky is littered with cranes and all you can see are building sites, people are investing money in exactly that area for sure. It is always a good idea to note down the name of the developers and projects to then be able to do your own research – how big is the project? Who is their target market? Does tis agree with what I’m looking for?

Transport Links

If an area already has good transport links to major towns or cities, it will act as a magnet to young, working professionals who are looking for more affordable cost of living. Alternatively, if there are plans to improve links in the area, this could be a spot for the near future.

https://www.buyassociation.co.uk/2017/02/02/uk-property-hotspots-spotlight-preston/

Young Professionals

Young professionals are usually attracted to up and coming areas due to their more reasonable house prices, good transport links and growing social scene. Once you’ve spotted a significant increase in this demographic, you should sit up and take note as it is likely the neighbourhood is trending.

Even if you’ve found somewhere that ticks every single box, finding a new property hotspot always involves an element of luck and great timing, so don’t be disheartened if you don’t find the perfect fit straight away.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

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Property Investment Q&A #5: How to Spot an Up and Coming Property Hotspot?

Property Investment Q&A #5: How to Spot an Up and Coming Property Hotspot?

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