Wish You Were Here? Discover Why Southend on Sea Is Making Waves with Investors
Southend-on-Sea Ranked Fourth in ‘Best to Invest’ List
Attention investors! Are you looking for the next up-and-coming area to invest in property?
Southend-on-Sea in Essex was recently named the fourth best location in the country for buy-to-let investors looking to make a profit. During recent years, the town has fast gained a reputation beyond the amusement arcades, fish and chips and hair raising rides, and has achieved some of the biggest house price rises in the country. As a result, this coastal town has become the ideal choice for both investors and home buyers alike.
In fourth place, the town comes in behind only Luton, Cambridge and London, thanks to what the Sunday Times subscribes to the seaside town ‘shaking off its faded resort image’.
Over the past year, increasing numbers of new-build developments have popped up throughout the town – including the conversion of Heath and Carby House and the recent Highbanks development in Southchurch Avenue – resulting in the area becoming more popular than ever with investors interested in the buy to let and rental sector. This has only been helped by a sharp increase in local rent prices, with last year’s rates going up by some 6.6 percent. Great news for those interested in finding their next buy-to-let venture!
So Why Invest in the Southend Area?
A seaside town with an airport and direct transport links to London, Southend, with its mixture of independent businesses, trendy shops and cafes is proving an exciting and affordable choice for commuters and young families looking to escape expensive inner city living. Whilst still enjoying the easy travel and lifestyle perks of living in a thriving, modern town.
The arrival of the University of Essex in the heart of the town centre has also been a big contributing factor to Southend-on-Sea’s increasing demand for central rental properties, as has the expansion of London Southend Airport. Better still, with further redevelopments and substantial investment in the pipeline, it would seem that this seaside town looks set to continue making a splash with investors and homebuyers for some time to come.
The Search Stops Here
Whether you’re looking to invest in your next buy-to-let or are looking for a doer-upper to flip for a profit, the key to a smart investment is location, location, location! Local transport links, nearby amenities, schools and reputation…these are all aspects to consider if you want a property with a high rental yield. Not forgetting plenty of potential for a future resale.
So, what are you waiting for?
If you’re looking to find that perfect investment opportunity, could Southend-on-Sea have what you’re looking for?