Property Investment in the Northeast UK

Investing in property in the UK has long been seen as a profitable way to generate income and build wealth. While London and the southeast have traditionally been popular investment destinations, the northeast of England is emerging as an attractive location for property investors.

In this blog post, we'll explore why people are investing in property in Newcastle, Sunderland, and County Durham, and how companies like Property Guru can help investors source, refurbish, and let properties in the northeast of England.

Section 1: Affordable Property Prices

One of the main reasons people are investing in property in the northeast of England is the relatively low cost of property compared to other parts of the UK. According to Zoopla, the average house price in Newcastle upon Tyne is £208,631, while in Sunderland it is £148,402, and in County Durham, it is £164,178. These prices are significantly lower than the UK average, making the northeast an affordable location for property investment.

Low property prices also mean that investors can achieve higher rental yields, as rental prices remain relatively stable while property prices remain affordable. In addition, affordable property prices also mean that investors can diversify their property portfolios by purchasing multiple properties in the northeast of England, which can help to spread risk and increase potential returns.

Property Guru offer a Portfolio Builder Service to investors looking to build wealth and cash flow from multiple properties.

Section 2: Growing Demand for Rental Properties

Another reason why people are investing in property in the northeast of England is the growing demand for rental properties in the region. This is due to a number of factors, including an increase in population, a rise in the number of students attending universities in the area, and an influx of professionals looking for affordable housing outside of London and the southeast.

Newcastle, Sunderland, and County Durham are home to several universities, including Newcastle University, Northumbria University, Durham University, and Sunderland University. With a large student population, there is always high demand for affordable student accommodation, which makes investing in buy-to-let properties a lucrative option for property investors.

In addition, the northeast of England has also seen an increase in professionals moving to the area due to the lower cost of living and improved transport links. With a growing number of people looking to rent in the area, the demand for rental properties is expected to remain high in the coming years, making it a great time to invest in property in the northeast of England.

Section 3: High Rental Yields

Investing in property in the northeast of England can also provide investors with high rental yields. According to Zoopla, the average rental yield for a property in Newcastle upon Tyne is 5.3%, while in Sunderland it is 5.7%, and in County Durham, it is 5.2%. These rental yields are higher than the UK average of 3.3%, making the northeast of England an attractive location for property investors looking for high returns on their investment.

The northeast of England offers some of the most affordable property prices in the UK, making it an attractive location for property investors. According to the UK House Price Index, the average house price in the northeast of England is £142,269, compared to the UK average of £250,772.

It's important to note that the rental yield will vary depending on the type of property, location, and other factors. For example, properties located in high-demand areas, such as near universities or in city centres, may command higher sale prices and lower rental yields.

Overall, the northeast of England offers investors a combination of affordable property prices and high rental yields, making it an attractive location for property investment. With the help of companies like Property Guru, investors can identify the best investment opportunities in the region and maximise their returns.

In addition, Property Guru can help investors to identify high-yielding properties in the northeast of England, as well as provide advice on how to maximise rental income and achieve the best returns on investment.

Section 4: How Property Guru Can Help

Property Guru is a property investment company that specialises in helping investors to source, refurbish, and let properties in the northeast of England. With a team of experienced property professionals, Property Guru can provide the support and advice needed to make informed investment decisions and achieve success in the property market.

Property Guru's services include:

Property Sourcing: Property Guru can help investors to source high-quality investment properties in Newcastle, Sunderland, and County Durham. With a deep understanding of the local property market, Property Guru can identify properties with good potential for capital growth and high rental yields.

Project Management: With great connections that Property Guru have built up over the years, they are able to provide quotes for anything from property refreshes to full refurbishments. The Property Guru team do all the legwork by arranging the necessary contractors and keep the works on track and on budget to minimise downtime of your investment property.

Lettings: With an experienced team of landlords and property managers, the Property Guru team have your portfolio covered. Round the clock property management and regular inspections to keep your portfolio in good condition and ensure it is compliant.

Section 5: The Future of Property Investment in the Northeast of England

The future of property investment in the northeast of England looks promising. The region is set to benefit from significant investment in infrastructure. In addition, the northeast of England has a thriving economy, with a focus on sectors such as technology, manufacturing, and healthcare. This has led to a growth in the number of professionals and businesses moving to the area, which is likely to lead to continued demand for rental properties in the region.

Conclusion

Investing in property in the northeast of England is becoming an increasingly popular choice for investors looking for affordable property prices, high rental yields, and growing demand for rental properties. With the help of companies like Property Guru, investors can make informed decisions about property investment in the region and achieve success in the property market.

Whether you're a first-time property investor or an experienced landlord, Property Guru can provide the support and guidance you need to build a profitable property portfolio in the northeast of England. So why not take the first step towards property investment success and get in touch with Property Guru today?