How to Find Areas with Potential Upcoming Property Price Appreciation
Well, I have to admit I missed it in Salford when I was starting investing in the UK. I was buying terraced houses in the 60 to 70k. I had thought that 70k was EXPENSIVE. The brother of my JV partner told me to BUY EVERYTHING. He would get excited over every deal. He wanted to buy everything. In retrospect he was right. Prices in Salford now are 120-140k for a simple terraced house. Yes, I made very nice money along with my JV partner but we could have made so much more simply by holding. We would have had price appreciation along with 10-12k in rents on a govt backed social housing program. There are no voids, no management and maintenace virtually covered.
Fast forward to today, I am buying in the NE of England. Prices are comparitively inexpense and there is a great deal of govt money going into the areas. I have been buying in Stockton on Tees, Middlesborough and Hartlepool. These are prices prior to 2008 bubble. I have already seen prices shift dramatically in these areas since the Covid crisis start of last year. What is best is that I do not have to manage the tenants. They are fully managed by the service providers. On top of that I do not have to worry about getting paid. I am being paid like a Swiss clock by the govt backed service providers.
After all my years in property, this is the best sort of investment I have ever been involved with. The only negative is banks do not like the long 5 and 10 year leases.
Any questions?
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