Property Investment Hotspots in South England & Wales

Posted by Mark Lloyd, Property Mastery Academy on 7 August 2017 | Comments

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Towards the end of last year, we looked at the Top 5 UK Property Investment Locations for 2017.

Now we’re breaking that down by region and looking at the places that are still considered hot and new areas that are ripe for property investment.

Property Hotspot - Cardiff

Last year, we reported that finance and business services employment growth of 4.4% in Cardiff had surpassed the rest of the UK. Cardiff was already generating exceptional rental yields due to its relatively low property prices and this upturn in economic conditions looked set to lead to a steady rise in demand for rental properties.

This is still the case, and there are plenty of cheap houses that can be refurbished, ready for rental.

Interestingly, the commercial property sector in Cardiff has been targeted by overseas investors. Research from international real estate advisory firm Savills reveals that 45% (£134m) of the total £298m in investment deals in the city last year involved overseas investors.

Property Hotspot - Wood Green

Thanks to Crossrail 2 and regeneration plans, Wood Green crops up in many predictions as the place to buy property as a long-term investment. Haringey Council has announced proposals worth £3.5 billion to revitalise the town centre including redeveloping 25 sites and introducing more restaurants and cafes to the area and creating 4,000 new jobs.

Prices in Wood Green are lower than those in surrounding areas of Haringey including nearby Muswell Hill and Crouch End. The average house price in Wood Green has risen by 26% from 2014 to £460,033 due to increased demand for property in the area. That demand is set to grow as regeneration work progresses.

Property Hotspot - Hornchurch

Another location that will be served by Crossrail is the suburban commuter town of Hornchurch. Transport links in the town are already good, and the advent of Crossrail will give commuters fast and easy access to central London.

Hornchurch’s tube station was also rated in the top ten of ‘most in demand tube stops’ for buyers.

Property Hotspot - Ilford

With the construction of Crossrail, commuters will be able to travel to the West End within 24 minutes from Ilford. This district of east London is already served by overground trains into Liverpool Street.

With fast commuter links and new restaurants and cafes being opened up, it’s not surprising that Ilford is catching the eye of property investors. Rightmove reported that house prices in the area increased by 28% between 2014 and 2016 to an overall average of £381,925.

Property Hotspot - Luton

Heavy investment is also happening in towns outside London such as Luton. Asset and investment management company, Cheyne Capital, has recently announced a deal with Luton Council to fund 400 new rental homes.

With its own airport, Luton is always going to be popular, and as it’s home to a number of significant employers including Vauxhall and Amazon, there will be no shortage of professional tenants.

Property Hotspot - Basingstoke

Many professionals who are being priced out of London, are now looking to towns and cities in the commuter belt and Basingstoke, the largest town in Hampshire, is considered a more affordable alternative to Reading.

Just 45 minutes from London, Basingstoke also enjoys its own flourishing employment sector with companies such as Sony and AA based in the town.

More hotspots across the UK

In the coming weeks, we will be looking at which areas in the Midlands, North England and Scotland are likely to offer the best deals for property investors keen to bolster their portfolios.

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