Best Places To Buy UK Property: Looking to invest in property but not sure where to start? In a recent video, I reveal my top 10 locations across the UK where you should consider buying property right now. Whether you're a first-time investor or looking to expand your portfolio, knowing the best places to invest can make all the difference in your success. You can find the video at the top of this page or on my YouTube channel!
In this article, I will summarise the best places to buy UK property. If you want the full details, however, please watch the full video until the end.
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Best Places To Buy UK Property: 10. Birmingham
I'm starting with number 10, which is Birmingham. I'm a little bit biased because Birmingham was my very first investment patch, where I built up a lot of my HMOs. But I think Birmingham's excellent because the demand for tenants is super high.
I bought my first house in 2009 for £100,000, and it's now worth just shy of £300,000. Even today, you can still get pretty decent yields around the outskirts of Birmingham city centre, so Birmingham is number 10.
Best Places To Buy UK Property: 9. Newcastle
You can buy properties cheaper in Newcastle and rent them out for not much less than in Birmingham. There is some Article 4 in Newcastle, but on the outskirts, you can do really good things with HMOs and BTLs.
According to the Office for National Statistics, the average house price in Newcastle right now is just £194,000.
Best Places To Buy UK Property: 8. Hertfordshire
The average price for a house in Hertfordshire is over half a million pounds, according to Zoopla and Rightmove. However, there are a lot of properties that are run down, and you can significantly increase their price. So if you're looking to do a house flip or service accommodation, Hertfordshire is a strong option.
Best Places To Buy UK Property: 7. Peak District
The Peak District is a beautiful area surrounded by hills, mountains, scenery, and lots of sheep. If you play your cards right, the holiday let market in the Peak District is booming.
There are opportunities to buy rundown barns and farms, renovate them, and turn them into luxury holiday lets. This can yield superb profits and returns, but it helps if you know the local council and have a good team in the area.
Best Places To Buy UK Property: 6. Brighton
The way to do Brighton is to crack the serviced accommodation market. People will pay £150 a night for a studio flat, which equates to £4,500 a month. The average house price in Brighton is £420,000, which is pretty expensive, but the average rent is £2,500 a month for a three-bed semi-detached property, according to Zoopla.
Best Places To Buy UK Property: 5. Manchester
The average house price in Manchester right now, according to the Office for National Statistics, is £243,000. Rents have gone up by 12% in the last 12 months. Manchester itself is a bit of a tough market to get into because so many people want to invest there.
However, in surrounding areas like Wigan and Bolton, houses are really cheap. In my opinion, Manchester is almost like the new London, but you can still buy houses below the average prices in the country.
Best Places To Buy UK Property: 4. Grimsby
Everyone says capital appreciation in London or the South is fantastic, but in the North, it's all about the yields—not true. If you look at London, the average property sells for £700,000, an increase of just 1% over the last 12 months. That's not good capital appreciation.
In Grimsby, house prices have gone up by 13.5% over the last 12 months. The average house price in Grimsby right now is £160,000, which is very cheap, but is consistently rising. The average yield in Grimsby, according to Zoopla, is 7.1%.
Best Places To Buy UK Property: 3. Swansea
The average property value in Swansea is currently £195,000, but according to Zoopla, the average property in Swansea city centre actually sold for just £47,000. The average rent for a two-bed flat is £887 per month. There are some amazing deals to be had, particularly with auction or pre-auction properties.
Best Places To Buy UK Property: 2. Derby
You can buy houses reasonably cheaply in Derby. I have a friend named Nathan Lamb who bought a house for £85,000 in Derby, and it's now worth £150,000 after a £15,000 refurb. Derby is a great area for not just buying low, but also for renting high. This is because you can rent properties by the room in Derby without planning permission restrictions. If the property is less than five people, you don't need a license.
The average room in Derby, according to Rentberry, rents for £634 per month, meaning a four-bedroom property could bring in about £2,500 per month. Derby is bringing in Article 4 very soon, so now is the time to invest before restrictions tighten.
Best Places To Buy UK Property: 1. Liverpool
The average house price in Liverpool is £76,000, which is considerably cheaper than the UK average. Serviced accommodation is brilliant in Liverpool, and you can do rent-to-rent, serviced accommodation, flips, and BRR strategies.
For example, I helped Krept from Krept & Konan buy a house in Liverpool for £43,000. After a £30,000 refurb, the value increased significantly, allowing him to refinance and pull back the money he'd invested. He now rents it out as a three-bed HMO.
The average room price in Liverpool city is £373 per month. However, it's important to note that Liverpool has Article 4 in the city centre, and there are some parts where crime is high, so know the area before investing.
From The Best Places To Buy UK Property, To How To Invest!
Now you know the best places to buy UK property, it's time to get educated on how to invest! If you want to know how to make money in any market, join me at my next £1 training event!
On the course, you will learn how to:
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Become a property investor using other people’s money so that you can get started straight away
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Utilise the 5 different types of raised finance so that you know exactly what to offer and when
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Find the perfect properties for the BRRR strategy
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Recycle your money so that you can ‘rinse and repeat’
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Build a power team you can trust, so that you can save time and money
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And much more!
Tickets are only £1, and you can get yours here. If you are ready to take action, I hope to see you very soon!
