When we think of sought-after living areas in the UK, our minds will often hone in on the big cities such as London, Manchester and Edinburgh which are all renowned for their ever-growing property prices.
But in a country filled with the bucolic countryside, historical agriculture and thriving high streets, the UK is jam-packed with countless desirable residential hotspots – it’s just knowing where to find them.
With fierce competition, it can be hard for investors to find desirable properties in the most in-demand areas. Fortunately, Velocity Bridging is here to help you scour an up and coming property in 2021:
Niche jobs can be hard to find in small, regional areas, which is why you will find so many people commuting to jobs in bigger cities on a daily basis. This, along with the public’s growing trend to cut down on their carbon footprint by using public transport instead of driving, has affected what people look for when purchasing a house to live in or rent out to others.
Communities with easily accessible public transport links to city centres are therefore becoming the most favoured areas for property purchases.
Locality to nearby sought-after areas
It’s not always possible to purchase property in the most sought-after areas, especially in places like London, where the demand is extremely high. Therefore, it’s worth browsing the next best thing – the neighbouring area or village!
When the demand for an area grows, so do its surrounding communities as the popularity spills over to nearby areas.
It’s no secret that parent’s like to give their children the best start in life, which often includes sending them to the most reputable schools in their locality.
Not only can schools raise an area’s house prices, but they can also positively boost trade and business opportunity in that area – all of which is likely to increase the desirability of a neighbourhood.
That’s why, when looking to purchase a property for its profitability you should browse areas that have high-rated schools nearby.
Nearby cities or tourist attractions
Many people will choose to live in a bustling area, which has a variety of shops, restaurants and entertainment venues readily available – all of which are most commonly found in city centres or places with tourist attractions and landmarks.
So when searching for a property with potential you should look near to a lively and vibrant city or place which is renowned for its ample footfall, thriving shops and social scene.
All of the factors listed in this guide can help you find your perfect property investment and you can ease the process even further by using Velocity Bridging for your auction purchase as we can provide a market-leading bridging loan offering up to 90% of the purchase price, with a two-week turnaround!
Are you a property investor? Discuss your bridging loan options with Velocity Bridging on 01704 339588 or email@example.com so you can get a tailor-made loan directly for your purposes.