Peterborough’s Property Hotspots For Buy-to-Let Investors
Situated at the merger of the River Nene and Urine Fens, Peterborough is a city that has been growing in popularity among rental Property Investors eager to capitalise on a solid rental market and potential for capital appreciation and house price growth.
With excellent transport links, plentiful job opportunities and an array of activities, such as breathtaking landscapes perfect for long walks in nature to lively cultural scenes, there's plenty drawing people into the area - making Peterborough the ideal rental yield for buy-to-let landlords.
In this blog post, we’ll investigate what makes Peterborough such an attractive investment property market for real estate investment opportunities right now.
Peterborough, the fifth fastest-growing city in the UK, is experiencing huge demand for housing due to its popularity with those who need to travel to London but don't want to live there.
With the fastest train taking just 46 minutes from Peterborough to London, it's not surprising that this city is becoming an attractive place to live.
With that growth comes a demand for housing that must be met. According to projections, Peterborough city council suggests they will need nearly 20,000 new homes by 2036 to accommodate its swelling population.
For those looking to invest in property, this presents a golden opportunity. The average rent from Rental properties can provide a steady source of income and offer a way to take advantage of this surging tenant demand for house prices.
As the city population continues to grow, the potential for savvy property management investors to reap the rewards is enormous.
Choosing Your location
If you're thinking about investing in Peterborough, there are a few things you need to know. Firstly, the city's property prices market is unlike any other in England. As a former new town, Peterborough was designed with a unique layout consisting of different townships or suburbs.
Each of these townships comprises various villages, with their own set of private and social housing estates, as well as an array of local amenities, shops, schools, and lots of green space.
Travelling around Peterborough is a breeze thanks to its excellent transport links, making it easy to get around by car, train, bus, or bike.
If you're planning to invest in the Peterborough property market, be sure to take the time and research what each area has to offer. Compare them all and see which one best accommodates your preferences.
With the city offering both convenience and the opportunity to build a jam-packed itinerary of activities, it's no surprise that Peterborough is such a sought-after place for individuals and families to reside.
Key Hotspots In Peterborough
Popular residential areas to consider investing in include Hampton and Orton. In terms of price points, they are generally within the mid-higher range, appealing to families looking to settle down with a traditional village feel. Another area of huge potential is the student market, with Anglia-Ruskin Peterborough University bringing in thousands of students every year in need of accommodation.
Amenities Peterborough Has to Offer
Along with its excellent transport links, including its own train station, Peterborough has not just one but three major shopping centres to enjoy; Queensgate, Lansdowne Place and Peterborough Square. There are also plenty of coffee shops, restaurants and bars for those looking for weekend nightlife.
The Rich History Of The City
Many people, including tourists, appreciate Peterborough for its rich history and culture. The Museum and Art Gallery is a popular attraction with collections dating back to over 150 million years ago! Keeping with the theme of culture and history, Peterborough Cathedral boasts stunning architecture and often hosts bespoke events.
Ready To Invest?
Understanding the area's long-term prospects will guarantee success in resilient investment strategies. Peterborough has the potential to be one of England’s leading destinations for property price growth for investors across all sectors in upcoming years.
So, if you need help finding the right property to invest in, in Peterborough, then Smart Move has got you covered.