hosts 50% of the Stockton Middlesborough initiative
which is a 20 year investment program aimed at regenerating
the Tees Valley. This program aims to radically
change the way of life within the area over the
next decade. The education facilities in the area
are to undertake a massive overhaul in the coming
years, making it more attractive for families with
Stoke-On-Trent is between the cities of Manchester
and Birmingham and to the East of the Peak District
National Park. It benefits from the M6 transport
route giving Stoke-On-Trent residents easy and quick
access to two major cities. Stoke-On-Trent is well
known for its pottery production and attracts around
5 million visitors per year from around the world.
The tourist industry is the largest contributor
to the local economy. Being voted as the most cost-effective
place to set up a new UK business Stoke-on-Trent
has seen a growth in the number of small businesses
who are fuelling economic growth in the area. The
economic prosperity and the ideally situated Staffordshire
University means that there is a healthy rental
market for investors to capitalise on.
Situated on the M6, Preston is less than 20 minutes
from Blackpool and less than an hour away from Manchester
and Liverpool. These transport links encourage the
industrious heart of the city.
Preston has a strong economy and high employment
rate due partly to the location of BAE Systems and
a number of Breweries. The town also hosts a variety
of large businesses, making it a prosperous place
to live. The
University of Central Lancashire is also situated
in Preston, giving it a lively student rental market.
The 33,000 students form the sixth largest university
in the country. Preston was granted City Status
in 2002, making it the newest city in Britain. As
a result of this, Preston is currently on the threshold
of a £1.8 billion investment project, which
been designed to transform it into one of the major
commercial centres of the Northwest. Preston's rich
historical background and picturesque location on
the banks of the Ribble have confirmed the city
as a thriving tourist centre, which attracts hundreds
of thousands of visitors every year. With its new-found
status and investment plans, Preston is expected
to experience a huge upsurge in business, employment
and tourism, which will have enormous positive effects
on the local economy. For the investor, the time
7. Darlington, County Durham
Historically famous for being the location of the
world's first-ever passenger rail journey, Darlington
became one of the first major transport regions
in Britain. Its accessible location close to the
river Tees links to nearby cities such as Middlesborough
and Newcastle, and close proximity to Durham Tees
Valley airport reinforce Darlington's identity as
being a thriving commercial town. The excellent
local amenities, including theatre, cinema, stylish
bars, and restaurants attract the high proportion
of young, educated people residing in this area.
With a wealth of manufacturing industries already
established, and growing service sector opportunities,
there is also much on offer in terms of employment.
Increasing business opportunities, a sound tourist
industry, cheaply priced properties, and a large
renting population all indicate good signs for the
Grimsby is a coastal town on the North-East coast
of Lincolnshire. Managed by the district council,
Grimsby and its surrounding conurbation make up
the most populated area of the county which surely
has a positive impact on the property market. Sources
indicate that Grimsby is anticipating a £13million
spend on local regeneration, which can invariably
force appreciation, and hopefully attract more residents
to the area through its strong transport links.
also benefits from a strong commercial presence,
predominately shops and nightclubs, despite its
roots being agricultural and industrial, and is
home to the popular division two football team Grimsby
5. Blackpool, Lancashire
Being a top tourist attraction, Blackpool is a great
place for investment. Blackpool is continually striving
to improve its position within today's tourist industry.
The town's representatives are still heavily lobbying
parliament to award a casino plan to Blackpool.
In March 2007 Blackpool Council signed up to a three
month deal to work exclusively with the developers
of Storm City, a £500m scheme to build a proposed
multi-themed indoor entertainment complex on a 30
acre site between Rigby Road and Central Drive.
Storm City would house
A 12,000 seated Arena
Four World Class hotels
Five themed entertainment areas
Blackpool's own version of the London Eye.
second scheme, which is primarily aimed at the local
population, but will also benefit those holidaymakers
travelling to the town by rail, named Talbot Gateway
would be a £285m Civic Quarter, for which
International project management specialist AMEC
has been chosen to transform what is at present
a rundown area around Blackpool North railway station
into a what Blackpool Council hope will be a world
class gateway with new office and retail space as
well as a public square, dubbed the Talbot Plaza.
development would be 'wrapped' around Blackpool
North railway station so that rail passengers arrive
at street level into the new plaza with views down
to the seafront, making their arrival at Blackpool
a much more pleasant experience that at present.
The regeneration company behind much of the town’s
current and future development, ReBlackpool are
working with Blackpool Council and AMEC to sort
out the planning application.
4. Burnley, Lancashire
Back in1999, Burnley successfully won the Single
Regeneration Budget and were awarded £20 million
to be spent on regeneration schemes across the town.
A programme was introduced to improve education
for all ages, health and well-being, local environment
(housing and neighbourhoods), better paid jobs and
to strengthen the economy overall. The programme
began in 2000 and is due to end at the end of March
2009. Burnley is looking to also regenerate a second
shopping centre ‘The Oval' (housing 32 units)
and is scheduled for completion in 2010 -naturally
drawing further interest to the area. As
the council focuses on improving the education infrastructure
within the area, Burnley is the perfect place for
buy to let investors. During university term time
there is a thriving student community looking for
rental accommodation and in addition to this, Burnley
is known for its busy industry meaning a large rental
population looking for suitable property.
3. Bognor Regis, West Sussex
Bognor Regis is undergoing a considerable and fast-moving
programme of regeneration. £100 million is
being invested in various projects to deliver new
and first class education, arts and office facilities
in addition to greater, more affordable housing,
transport infrastructure and public open space.
The "Master Plan" began in 2004 and is
designed so that the town is divided into themed
areas such as the Retail Quarter, Leisure Heart,
Cafe Quarter etc, boosting the local economy. One
of the projects already in motion is the development
site at Hothamton, due for completion in November
2009. This site, planned to be the ‘Healthy
Living' centre, will host 126 residential units,
a library, and council offices in addition to a
new health centre and citizens advice bureau. The
town has consistently made it into the top three
in the sunshine league and beaches boasting the
European Blue Flag and a thriving tourist industry.
This makes it a perfect place for buy to let investors
looking to purchase holiday lets in addition to
buy to let properties for an expanding work force.
2. Sutton-In-Ashfield, Nottinghamshire
In May 2006 Arup, Innes Engaldn and Outerspace were
commissioned by Ashfield Council to prepare a masterplan
for Sutton-In-Ashfield town centre. The council
has improved areas for transport, public realm,
architecture and design and further improvements
are still yet to be made. Recently the council have
proposed that a further 799 dwellings of apartment
blocks, town houses, semi-detached houses, detached
houses and bungalows be built. With this pending
application ready to be approved, the area's infrastructure
will soon grow offering landlords the chance to
enjoy great yields and long term capital appreciation.
Sutton-In-Ashfield is a great opportunity for investment
as property prices are still low.
1. Blyth, Northumberland
Over the past five years a total investment of £15million
has transformed the Quayside now providing a Community
Enterprise Centre, quality office and workshop developments.
In addition, Blyth's regeneration project includes
the phase of new road and environmental works which
overall create to a better community. Regeneration
plans worth more than £20 million being spent
on different aspects of raising the area, in effect
creating especially excellent yields. Employment
prospects will also be on the rise as new office
developments pop up and will therefore mean more
general working opportunities, likely to increase
the demand for lettable property.Property
prices are very cheap starting from only £30,000!
This is a hot place to invest if you are looking
to build a cash flow positive property portfolio.
Source: Ajay Ahuja