16: Hot UK Investment Areas - PropertyInvesting.Net's views
09-28-2004
PropertyInvesting.net
I thought I would cut to the chase and give you my opinion on the areas I believe in a 3-5 year time frame will have the highest capital value increase in the UK. If the rental yields stack up in these locations (Victorian, pre-war or post-war flats and houses) I would consider purchasing – you might want to hold back for a few months to make sure the market is stable before entering (early December is normally the best time to make low offers, with motivated sellers). Of course each you need to do thorough research on each specific area before making a purchase, and decide what type of property in which specific street/area is best - here goes:
London area
Stratford village (close to station)
Deptford / New Cross / Peckham
Bow
Limehouse (periphery)
Canning Town
North Woolwich
Woolwich
Kings Cross
White City/Shepherds Bush
Bayswater
Bloomsbury
Thamesmead
Gravesend-Kent
Northfleet/Bean-Kent
Folkestone/Hythe-Kent
Dover-Kent (within 7 minute drive of Folkestone International)
South England
Plymouth (close to harbour/sea, low priced)
Hastings
Newquay
Ilfracombe
Weymouth (preferably central with sea/harbour views)
Southampton (low priced)
Portsmouth (low priced, close to harbour/sea)
Margate (low priced central flats with good sea views)
Wales
Barry (coastal, views)
Newport (central/docks)
North
Bradford BD5(BD7/BD1) - very close to University and city centre
Liverpool (just south of L1 near Duke Street)
Blackpool (close to proposed casino, sea front - sea views preferred)
Midlands
Kettering - close to station to London
Any property that can be bought in a quiet location, with sea or town views is likely to command a higher premium as time moves on - as the babyboomers retire. Secure two double bedroom flats with views and parking, in central locations, are ideal for such a market. Make sure you pruchase in areas where positive changes are firmly planned, and you will reduce your risks.
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