It is predicted that UK property prices will rise by as much as 4% in 2021 and if you are looking to invest money this year property is a great choice. If you need help deciding which locations are hot for property investment right now, ERE Property has some tips for you.
With house prices forecast to keep climbing this year (Rightmove says by as much as 4%), we have been looking at some of the best places for buy-to-let investment opportunities.
Manchester, Birmingham and Sheffield all feature strongly.
Manchester is billed as being set to become ‘the new London’, the Birmingham property market is showing strong value, demand and house price growth, and Sheffield is blossoming thanks to major investment in its retail district and other amenities.
Manchester
The Manchester property market looks set to boom in 2021, with investment opportunities set to pop up across the city centre. Manchester has seen major transformation over recent years, and this has seen a significant increase in property prices. A recent study showed that Manchester homes have seen the highest price increase over 20 years; prices have gone up by 143% over 20 years; from £73,910 to £179,537.
With prices predicted to continue rising, Manchester’s appeal is building momentum as a top place to invest in buy-to-let property. There has been tremendous employment growth in the city, attracting many young professionals and the Great North Rail project is expected to come into effect by 2022.
New Manchester opportunity; Don’t miss out!
ERE Property has a new Manchester property investment opportunity coming soon.
It offers:
1 beds from £140k
2 beds from £195k
3 beds from £234k
3 bed duplex’s from £314k including penthouse with panoramic views of the city
Other things to shout about!
5-minute walk from Spinningfields and Salford Quays
Short distance to Manchester city centre
In the middle of a huge regeneration scheme
Fantastic facilities including a private gym and communal gardens
3% interest of funds per annum
Free furniture pack
Short let available
Stamp duty paid for first 50 reservations
Birmingham
Birmingham is the UK’s second city and with average rents rising by 30% over the last 10 years and an expected rise of 15.9% over the next four years, it’s a great city to invest in for a buy-to-let property investor.
There is so much going on in Birmingham that is in the city’s favour, including the Midlands Metro extension, the HS2 and the 2022 Commonwealth Games. The city’s population is expected to reach 1.24 million by 2030.
The average house price in the city is £202,162, the average rental yield 5.4% and price growth in five years at 14.2%.
Sheffield
One of the best-performing property markets through lockdown is Sheffield; according to Zoopla figures, sales were 20% higher at the close of 2020 than at the start of the year.
Sheffield has really come into its own over recent years. This has been due to a massive investment; £480 million has been invested in developing its retail area and there have been many other improvements to amenities. As a consequence, desirability for the central areas of Sheffield has increased and rental yields are up to 7% in some postcodes in the city.
The average house price in the city is £209,405, the average rental yield 5% and price growth in five years at 11.41%.
ERE Property will be launching new property investment opportunities throughout 2021; keep an eye on our website, blog and social media for full details, or email us at [email protected] or call us on +44 (0) 113 380 8930.
