Buy to Let

House prices: Invest in property for sale in these UK towns now, experts say | Property | Life & Style

House prices in student towns are soaring, thanks to more and more students heading to university. 

Buy-to-let opportunities in the area could help Britons make some useful extra income.

Research by Halifax has shown that academic areas have seen prices of property for sale rise by an average of £38,666 in only three years.

This is a 22.5 over cent rise over the that time period, which translates into £1,000 a month.

Towns that are home to a large student population, such as Guildford, are seeing a huge surge in prices.

In some cases house prices have risen from £172,179 to £210,845 in the three years – the time it takes to finish a degree.

In Guidlford property prices grew from £105,362 to an incredible £511,673, a growth of more than £400,000.

Next up is  Winchester, where the average house price is £458,228. 

Where should you invest in property?






Managing Director of Halifax Community Bank, Russell Galley, said: “While it is well documented that the student housing market can be lucrative for private landlords receiving monthly rental incomes, this research also indicates the potential earnings from bricks and mortar alone.

“Over the last three years, parents who bought a property for their child to live in while undertaking their studies, could have seen an average gain of 22 per cent on the value of the property. They may also have benefitted from rental income from housemates or flat-sharers.”

Another town you ought to invest in has been revealed as Manchester.

Manchester is ripe for investment, according to housing company Properties of the World.

The property experts claim that the Northern town in the next Silicon Valley, and tech investment is pushing property prices up.

According to the research Salford is one of the UK towns where you could see a great return on your investment.

Experts have previously mapped where in the UK you should be investing, and Salford is one of the towns on the list.

Liverpool was also on the list, but that was it for the Northern towns.

In the south it was recommended that house buyers invest in Croydon, Wood Green and Basingstoke.

Tim Mycock, Development Director at Reditum Capital said: “If you are investing in property, changes occurring in that area can be a big indication of what sort of return you can expect.

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