The Top 5 Locations in the UK for Property Investment

Posted by Propetly on 17th December 2020 -

2020 may not have gone to plan for investors, but as the world begins to think about and prepare for a post-pandemic future, it's a good time to look at what locations may be well placed to take the best advantage of the predicted bounce-back.

When it comes to UK properties for sale, finding investment properties in up and coming markets can give you a real advantage.

At present, the UK property market remains resilient and attractive to real estate investors. The UK average house price currently stands at £245,000, a new high, with rental yields remaining buoyant, particularly across cities.

Let's take a look at some of the UK locations which currently have potential for growth. Could one of these cities become the best place to invest in property in the UK in the short term?

Liverpool

Often in the shadow of its north-west neighbour, Liverpool is a vibrant city with a rich cultural history. It's undergone a rapid period of regeneration over recent years, with more planned. As a result, it's becoming an increasingly desirable place to live. Could the Mersey city be your next prime location?

The current citywide average house price is £184,134, representing a rise of 9.41% over the past 12 months, but still well below the national average.

Currently on Propetly.com: Liverpool HMO Renovation, L9

Sheffield

During the first two decades of the 21st century, Leeds was the Yorkshire city in the property spotlight. Going unnoticed down the M1, Sheffield has been quietly coming up on the rails. With cheaper property than its Yorkshire rival, areas of the city have always been in demand. Edged by the Peak District, and with faster rail links to the capital promised, now might be a good time to invest. A vibrant student population keeps the rental market busy. Look in the nearby travel to work region for bargains.

The average house price in Sheffield is currently £211,334, a rise of 4.52% over the last 12 months.

Currently on Propetly.com: Barnsley HMO renovation, S70

Glasgow

With property prices much affordable than the steadily overheating Edinburgh market, Glasgow is one of the UK's great cities. It's not difficult to see why, with a rich cultural life, a large student population and media organisations based in the city. Full of parks and great architecture, Glasgow could be a great place to invest in property.

 

Average house prices in Glasgow are higher than the Scottish average, but cheaper than the UK wide number at £193,302 with a rise of 4.97% over the past 12 months. 

Currently on Propetly.com: Glasgow property, G20

Nottingham

Nottingham has had its share of ups and downs over the years. Once a great Midlands manufacturing city, it entered a period of decline at the end of the last century. Since then, it's been on the way back and is now something of a regional success story.

Average house prices in Nottingham currently stand at £226,877, having seen a rise of 8.26% over the past 12 months. 

Plymouth

With a stunning coastal setting, Plymouth is a city which feels its time has come. Considerably cheaper than Bristol, Bournemouth and Brighton, it's come into the spotlight over recent years as a place to buy investment property. With a growing student population, massive regeneration taking place and relatively cheap property, investing in Plymouth may be a smart move.

Average house prices across the Devon city are £220,772, having seen a 2.38% rise over the past 12 months.