The UKs hidden buy to let gems

30th April 2021

By Anna Bibby

Major cities outside of London like Manchester, Birmingham and Leeds have always been popular locations for investors but like the capital, these markets have become increasingly saturated over the years and become increasingly more expensive as a result (although not quite to the same extent as London). This has paved the way for smaller cities and commuter towns to shine as investor hotspots. Not only do these locations offer investors more for their money, they also to tend to have tonnes of potential for future growth and investment. Tenants are also seeing the benefit of smaller cities as they offer a better quality of life for less money. Not to mention that the events of the last 12 months have changed our attitudes towards our living situations - spending more time at home has meant that tenants are moving away from large cities for space. Here are just a few examples of some of the hidden gems for UK buy to let investment.

Wigan

Located in Greater Manchester, Wigan is a town that is slowly but surely catching the attention of property investors. The town is in a prime position for commuters, with both Liverpool and Manchester within an hour’s drive away, and it has direct motorway links to other major cities like Birmingham, Glasgow and London. It will also be a stop on the highly anticipated HS2 rail project. The town is also experiencing a huge amount of regeneration, including a revamp of Wigan’s biggest shopping centre, The Galleries and a new entertainment complex in the town centre. With the above in mind, it should come as no surprise that the housing market has fared pretty well in the last few years. According to Zoopla, house prices in Wigan have increased by 18.7% and with its larger neighbours continue to grow in popularity, this figure is only expected to grow further.

Stoke-on-Trent

Stoke-on-Trent in the West Midlands is often overlooked when it comes to property investment, but in reality, it has tonnes of potential for investors. Historically, the city was known for its strengths in the manufacturing of ceramics but today, it is a vibrant city with a growing population. The city also has two universities - Staffordshire University and Keele University, both of which are attracting students from all over the world. Stoke’s status as an educational hub has also attracted a lot of investment and regeneration within the city. According to Zoopla, house prices in Stoke-on-Trent have increased by over 18% in the last five years. Even with this impressive growth in property prices, Stoke still sits well below the national average which means that property investors will get more for their money when they invest. Rental returns in the city are equally as impressive - according to the lender Aldermore, the average rental yields in Stoke currently stand at 8%.

Bradford

Located in West Yorkshire, Bradford is certainly a city that investors should be keeping an eye on. It’s often overlooked in favour for its larger neighbour Leeds, but Bradford’s investment potential is slowly but surely starting to get the recognition it deserves. The city has a young and enterprising population and is a popular location for businesses, with big names like Morrisons PLC, Provident Financial and the Yorkshire Building Society all calling Bradford home. The city is also going through an era of transformation with a number of regeneration projects in progress or in the pipeline - these include a new city centre market, an ‘Urban Village’ and a new enterprise zone. As Bradford is starting to get a new lease of life and more skilled individuals are choosing to move there, the property market is starting to gain traction. According to Zoopla, house prices in Bradford have increased by 20% in the last five years and last year, it was named as one of the most attractive areas for young professionals leaving the capital, offering them better value for money while still offering a great quality of life.

These locations offer just as many benefits to investors as their larger counterparts and as people are starting to broaden their horizons of where they want to live and work, we’ll see that smaller cities will become more popular with tenants. It’s time that investors pay to these locations if they want to get more for their money.

Are you looking to invest in one of the UK’s best buy to let hidden gems? Click here to see our latest investment opportunity in Bradford!

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The UKs hidden buy to let gems

30 April 2021

Major cities outside of London like Manchester, Birmingham and Leeds have always been popular locations for investors but like the capital, these markets have become increasingly saturated over the years and become increasingly more expensive as a result (although not quite to the same extent as London). This has paved the way for smaller cities and commuter towns to shine as investor hotspots. Not only do these locations offer investors more for their money, they also to tend to have tonnes of potential for future growth and investment. Tenants are also seeing the benefit of smaller cities as they offer a better quality of life for less money. Not to mention that the events of the last 12 months have changed our attitudes towards our living situations - spending more time at home has meant that tenants are moving away from large cities for space. Here are just a few examples of some of the hidden gems for UK buy to let investment.

Wigan

Located in Greater Manchester, Wigan is a town that is slowly but surely catching the attention of property investors. The town is in a prime position for commuters, with both Liverpool and Manchester within an hour’s drive away, and it has direct motorway links to other major cities like Birmingham, Glasgow and London. It will also be a stop on the highly anticipated HS2 rail project. The town is also experiencing a huge amount of regeneration, including a revamp of Wigan’s biggest shopping centre, The Galleries and a new entertainment complex in the town centre. With the above in mind, it should come as no surprise that the housing market has fared pretty well in the last few years. According to Zoopla, house prices in Wigan have increased by 18.7% and with its larger neighbours continue to grow in popularity, this figure is only expected to grow further.

Stoke-on-Trent

Stoke-on-Trent in the West Midlands is often overlooked when it comes to property investment, but in reality, it has tonnes of potential for investors. Historically, the city was known for its strengths in the manufacturing of ceramics but today, it is a vibrant city with a growing population. The city also has two universities - Staffordshire University and Keele University, both of which are attracting students from all over the world. Stoke’s status as an educational hub has also attracted a lot of investment and regeneration within the city. According to Zoopla, house prices in Stoke-on-Trent have increased by over 18% in the last five years. Even with this impressive growth in property prices, Stoke still sits well below the national average which means that property investors will get more for their money when they invest. Rental returns in the city are equally as impressive - according to the lender Aldermore, the average rental yields in Stoke currently stand at 8%.

Bradford

Located in West Yorkshire, Bradford is certainly a city that investors should be keeping an eye on. It’s often overlooked in favour for its larger neighbour Leeds, but Bradford’s investment potential is slowly but surely starting to get the recognition it deserves. The city has a young and enterprising population and is a popular location for businesses, with big names like Morrisons PLC, Provident Financial and the Yorkshire Building Society all calling Bradford home. The city is also going through an era of transformation with a number of regeneration projects in progress or in the pipeline - these include a new city centre market, an ‘Urban Village’ and a new enterprise zone. As Bradford is starting to get a new lease of life and more skilled individuals are choosing to move there, the property market is starting to gain traction. According to Zoopla, house prices in Bradford have increased by 20% in the last five years and last year, it was named as one of the most attractive areas for young professionals leaving the capital, offering them better value for money while still offering a great quality of life.

These locations offer just as many benefits to investors as their larger counterparts and as people are starting to broaden their horizons of where they want to live and work, we’ll see that smaller cities will become more popular with tenants. It’s time that investors pay to these locations if they want to get more for their money.

Are you looking to invest in one of the UK’s best buy to let hidden gems? Click here to see our latest investment opportunity in Bradford!

Anna Bibby

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