areas to look out for

theGrinch

can anyone suggest areas that a) offer good current value for money b) likely to out perform the market as a whole.

I suggest Lincoln - new uni town and Gravesend (improved train links to London)

others welcomed.

beastoid_2

Liverpool and surrounding areas should be on the up with the European capital of culture coming up in 2008.

gallygirl

theGrinch wrote:

can anyone suggest areas that a) offer good current value for money b) likely to out perform the market as a whole.

I suggest Lincoln - new uni town and Gravesend (improved train links to London)

others welcomed.

:mad: Don't mention Gravesend to me..... we considered buying BTL there 3 yrs ago but didn't - bit scared as we don't live anywhere near....... AAAARRGGGHHH house prices have gone through the roof!!!!!!!!!!!!!!!!!

Lesson learnt - follow your gut instinct, not your scaredy cat instinct!:rolleyes:

Unfortunately no gut instinct at the mo - Nottingham recommended in press, lots of new builds around canal area, but but off by crime reports.

Natelle_2

theGrinch wrote:

can anyone suggest areas that a) offer good current value for money b) likely to out perform the market as a whole.

I suggest Lincoln - new uni town and Gravesend (improved train links to London)

others welcomed.

I wouldn't get too excited about Lincoln in respect of either point (a) or (b).

Two or three years ago you would have been right, but not now. Yes it has the university, and in the past there was a shortage of student accommodation, with the resulting potential for property investment and profit taking through all sectors of the housing stock. However I believe now that with the current levels and planned future building of specialised student accommodation there is the potential for an over supply situation. Students will want to be in the new specifically designed properties, will move out of the converted older terraced houses, which the BTL owners will have to sell to maintain profit margins. This will hold the property market for the older properties in check and this will of course have an effect on the rest of the market in the area. BTL owners could of course change the type of tenants to professional employed persons, but the rentals available do not give a good enough return on investment at this time. Property prices have risen at a greater rate than wages.

As a resident of the area and a BTL landlord, I'm certainly not looking for exciting times from Lincoln property investments for a while.

theGrinch

yes a friend of minemoved from hendon to gravesend in 2003 - I would even pull her leg about it, but looked a wise move now.