Top 5 Places to Purchase a Property in the UK
Though many tourists, and even native residents of the UK, associate the most expensive properties with the capital city, London, there are actually many regions within the United Kingdom where you can make savvy investments that’ll make you a healthy return. Alternatively, there are many areas that would provide an incredible place for you to reside in; you just need to know where to look. Now, we appreciate that it may be quite difficult as well as time consuming to discover amazing hot-spots, so allow us to do it for you. Below are the top 5 places to purchase a property within the UK, without the typical major cities.
Berkshire is a beautiful county, and within it is lovely Maidenhead. Although Maidenhead has been an amazing region for many years and now boasts of excellent cultures, such as dance, art, music and drama. However, now the property market is starting to thrive, as the new Crossrail route, which opens in 2019, has driven the prices up by 8 to 10 percent in the last year. The new route will enable residents to travel into the bustling centre of London within an hour, and this is what is attracting swarms of people to the area. Darren Hunt, who is the senior branch manager of Carson & Co estate agents, stated, “Already we are seeing investors attracted by the new rail route. When the new route opens in 2019, residents will be able to get to Bond Street in 41 minutes and Liverpool Street in 48 minutes.”
Bosham, West Essex
Bosham, in West Essex, is a stunning little village on one of the small inlets of Chichester Harbour. Despite it being a relatively remote village, it is an excellent hub for sailing and also welcomes a multitude of sailors each year, as well as photographers, cyclists and avid walkers. The reason why this village has become such an attraction to property buyers is because of the exclusivity of the region. Possessing a house on the waters of Bosham, in a quiet, friendly and picturesque area is considered a luxury.
Silverstone is most famously known for its formula 1 racing circuit, which attracts thousands of people to the region throughout each year, and is the one of the leading factors of why it is such a popular city to buy a property in. But, there also other features which make it an amazing region; as it is situated right in the heart of the England, Silverstone is just 90 minutes from the capital of London and just an hour away from the second city of Birmingham. In addition, it has been reported that the company MEPC has obtained a 999 year lease on the Silverstone Industrial Estate, where they’ve promised to ‘create a global destination for engineering, innovation and business development’.
Famed for its maritime history and its European Green Capital status; Bristol is an attractive region deep within the hills of South West England. Many writers, film directors, artists, actors, scientists, musicians and architects have visited Bristol to gain some true inspiration, and based on its pastimes, acres of parkland and distinct character, you can see why. But, these days, many people are sourcing properties within the area for those reasons plus many more. For example, the electrification project of the rail line between London and Bristol will cut commute time down by 20 minutes or so, which is proving to be hugely attractive for potential property buyers. James Toogood, who is head of the Bristol branch of Knight Frank, said, “This will provide a significant boost to the market and send prices up by between five and ten percent above market trends”. This means that there is money to be made within this gorgeous city.
Yes, Cambridge is most commonly known for attracting the brightest brains, as it houses the prestigious University of Cambridge and the Cambridge Science Park. Now, whilst the University of Cambridge already attracts thousands of people, particularly students, to the city every single year, the Cambridge Science Park is going to follow in its footsteps. A new £26 million railway station is going to be built at the park which accommodates over 100 companies. Furthermore, property website Rightmove reported that houses in Cambridge spend the least amount of time on the market out of any location within the UK; 27 days is the average compared the national average of 65 days, and in the past year, prices have increased by 20%. Thus, along with its vibrant culture, vast history and great restaurants, make Cambridge the number one place to purchase a property in the UK.