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If you are looking for your next UK investment property, where should you look? A good place to start is by looking at past returns and forecast growths. This will give you an idea of property trends – past and present.
As an example, Kent Reliance’s latest Buy To Let Britain report shows that landlords in London achieved average annual returns of 18.2% in the 12 months to March this year.
Of course, while it is understandable that the capital would attract the highest returns for landlords, there are other regions that are enjoying high returns too. For example, over the same period of time:
The East of England 15.2%
The South East 14.7%
The North West 12.5%
You can check out property forecasts by region by visiting Savills’ 5 year forecast values and Knight Franks’ UK residential market forecast.
For past values, check out the Nationwide’s House Price Index.
That way you can drill down to the regions or areas you think are on the up and speak to local estate agents as well as do your own research.
So, what are the upcoming property hotspots worth looking at for investment? While no one can say for sure where the most capital gains / returns can be made, the following places regularly come up in various newspaper’s property hotspot sections as ones to watch.
Hart in Hampshire is just next door to Surrey, but typically offers better value for money, good state schools and beautiful countryside. With easy access to London (trains to Waterloo take just 40 minutes), a bustling high street, and large properties on generous plots, what is not to like?
Named three years in a row as the most desirable place to live in the UK, residents of Hart also have the longest life expectancy in the country - 82.9 years for men, compared with the UK average of 79.
Average house price: £410,076, house price growth 2005-15: 46pc
Known as the nicest place to live in London, this area is benefitting from the double whammy of a recovering financial sector in the City and improved infrastructure due to the nearby Olympics facilities.
Right in the heart of East London, and just a hop from Canary Wharf and the City, there is a real community feel. It is vibrant, with a strong history, good restaurants and beautiful sights, like the Thames or the Limehouse Basin. With two Dockland Light railways, the A13, and plenty of walking and cycling paths, getting to and from Limehouse is easy.
You can snap up a two bedroom houseboat on the Basin Marina for £175,000 or spend £850,000 on a four bedroom home.
Homes near Docklands Light Railway stations let and sell quickest and at the best prices.
In this town in South Yorkshire, you can buy a two bedroom apartment from just £30,000 or £1.9m for a detached house.
An old coal-mining town reinventing itself, more than 9,000 jobs have been created there with almost £500 million of investment in the past decade. A 12,000-seat football stadium and new railway station are also under construction.
Local letting agents say flats in the Old Market and Keppel Wharf areas are most popular with renters.
Gravesend may be most known for being the place where Pocahontas died, but that is set to change if investment in the area is to go ahead. There are plans to build a £2 billion Paramount theme park in Kent between Dartford and Gravesend, which will help the area become a property investment hotspot, attracting jobs.
Gravesend is a pretty old town of higgledy streets and 18th-century market halls tumbling down to the Thames. Property prices start fairly cheap (considering their proximity to London and Paris via HS1 from Ebbsfleet), studio flats start at around £105,000 going up to £850,000 for an 8 bedroom detached house less than half a mile from the station.
Ranked about the 150th biggest city in Europe, past property price performance is great for Norwich, with house prices increasing by 6% in the last year. Future property prices are also forecast to be good, with forecasts for the East of England region overall expecting a growth of 22.3% (which will outperform London and the South East as a whole).
Norwich is a popular destination for a city break with cobbled streets, its cathedral and lots of historical buildings.
It is also one of the top ten shopping destinations in the UK, with a mix of chain and independent stores as well as one of the largest outdoor markets in England at Norwich Market.
You can snap up a seven bedroom detached home for £1.75m, or a one bedroom flat from £65,000.
FJP Investment is a team of investment specialists sourcing a wide range of investment opportunities both in the UK and overseas. Products include the recently launched 2 year property investment bond
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