Choosing a promising area when it comes to investment in property can change everything. By promising, it doesn’t automatically mean the cheapest areas or those with the fastest rising prices. Promising means that people actually want to live there and that there is some chance of a bright future.
Investing into property is a great idea, because property is such a great investment. At Orbis Protect they offer property protection, which is something you really need to get if you are investing into any property. Moreover, investment in property means buying something and making money out of it either through rent or renovation – either way, at the end of the day you need someone to want to live in that location, in your house, to make you money.
London
You also have to be realistic; of course cities like London are among the fastest growing but for investment purposes you’ll need a lot of capital behind you to get involved with a SW postcode, espcially if you’re looking at property for sale in Battersea (or anywhere else in the capital). It’s best to ask a professional for advice when looking to invest a large sum of money into property and you want someone with plenty of experience. Jason Harris at First Urban has a lot of knowledge when it comes to investments in property – his is the sort of service that can help you to crack the property market.
Northampton
So with London to one side, where is the best place to invest your hard earned cash? Well, perhaps surprisingly, Northampton is high up on the list for 2017, ranking fourth after the big London boroughs. Northampton’s prime position is what gives it a leg-up in terms of property. Located halfway between London and Birmingham and with a great train line; Northampton is a hub of opportunity. It is also a university town, so housing can be rented out to students all-year-round.
The website Northamptonshire Growth Hub has been set up to provide local businesses free support and guidance so that they can essentially grow and achieve their ambitions. According to its data, 6,000 new businesses are created in Northamptonshire each year and so far they have managed to help 2,000 of these to get themselves successfully established. With such an enormous influx of business, and now a new support network, that may encourage entrepreneurs to move to Northampton and they’re going to need houses to live in.
So what will you be looking to spend in Northampton? The most recent figures released from Rightmove show that the majority of sales in Northampton during the last year that were terraced properties sold for an average price of £170,273. Semi-detached properties sold for an average of £199,670 and detached properties fetched upwards of £315,344. The overall average price of sold houses in Northampton was £206,734. This isn’t low but is far from the highs of the London market.
The figures also showed that overall sold prices in Northampton over the last year were up a solid 5% on the previous year and 22% up on the 2007 level of £169,178. So, take some advice from an expert but Northampton is a pretty safe bet for 2017!