Regeneration
Several regeneration projects are ongoing or on the cards in Harrogate and surrounding areas.
Looking at regeneration projects is one way an investor can gauge the potential demand for an area in the near future. Doing this means investors can get involved when property prices are lower, capitalising on increased property value and enhanced rental income later on as demand rises and the area undergoes revitalisation.
The Transforming Cities Fund, for example, is a programme aimed at communities across Harrogate, Wakefield, and York to enhance bus and rail stations, cycling and walking infrastructure, and introduce new Park and Ride facilities.
Plans for Harrogate Town Centre include improvements to rail and bus station access for people travelling on foot, as well as new cycling and walking routes, which will improve access across and within the town centre and the north of Harrogate, as well as better connecting people to healthcare, employment and new housing developments.
Initiatives such as these are expected to improve infrastructure and contribute to Harrogate’s overall attractiveness and livability, potentially increasing property demand and investment opportunities for buy-to-let investors in the coming years.
Transport Links
As previously mentioned, Harrogate boasts excellent transportation links throughout North Yorkshire, with easy access to the A1(M) and Leeds just a 35-minute drive away.
Furthermore, you can reach the Yorkshire coast in just over an hour, and the Yorkshire Dales – specifically Nidderdale – are practically on the doorstep.
Harrogate Train Station provides direct services to London in just over 2 hours, while Northern services offer quick connections, with journeys from Leeds to Harrogate taking 32 minutes, from York to Harrogate taking 34 minutes, and from Knaresborough to Harrogate taking only 9 minutes.
Therefore, the area provides an appealing living environment for those seeking green spaces without significantly compromising the conveniences of urban life.
