Which? Reveal 2016 UK Property Hotspots
Consumer champions Which? have released their list of up-and-coming property hot-spots for 2016, and it makes interesting reading for anyone connected to the UK housing market. Whether you are simply looking for somewhere to live and want to get the most for your money, or are looking to make a long-term investment via a buy-to-let mortgage, this list will give you the inside track on the top 10 areas for investment across England and Wales.
1. Liverpool L1
In at number one is the L1 postcode of Liverpool. Prices have jumped by 41 per cent on average in the last year when compared to the previous three years and things are expected to continue in much the same vein as we move toward 2020.
2. Conwy LL27
Another huge riser is Conwy, which has actually enjoyed the same level of percentage increase as Liverpool’s L1 district. However, they got pipped to the post simply because its average house price is higher at £185,000 for the year 2014 to 2015.
3. Bradford BD1
Bradford’s main postal district, BD1, enjoyed increases of 36 per cent across the same period, and yet the average house price is still very affordable indeed when compared to the rest of the country – £57,000.
4. Salford M5
Thanks to the huge investment that has gone into Salford of late, property prices there have been on the move for a while. Last year saw an increase of 34 per cent compared to the three years before, and average house prices there now stand at £127,890.
5. Manchester M12
Much like Salford, Manchester’s M12 has been given a boost by the redevelopment of the local area recently. Property has jumped up by a noteworthy 32 per cent and now the average home will set you back £98,000.
6. Bexley DA18
The only entry for the south is Bexley. Property in DA18 has been boosted by an average 32 per cent increase over the last year, making the average house price in the region of £191,500.
7. Gwynedd LL23
Another one from Wales, this time in the shape of Gwynedd. This part of north-west Wales has an average property price of £155,000 at present, compared to just £120,000 for the previous three years, making an impressive leap of 29 per cent.
8. Coventry CV1
A 28 per cent increase has been registered in CV1, Coventry’s city centre. House prices jumped from £100,000 up to £128,000 across the time that Which? made their calculations, putting CV1 into the top 10 of up-and-coming areas.
9. Leeds LS3
Leeds has been an area on the up for some time. With a growing financial district and a youthful culture that is attracting young professionals in their droves, it’s unsurprising that this part of the north-east should make the list with a 28 per cent increase.
10. Birmingham B3
The last area to make the top 10 is Birmingham’s B3 district. Prices have risen by 27 per cent here over the last year, pushing the average property price up to £159,000.
So, if you are in the market for property at present and would like to ensure that your money is going into somewhere with potential, choosing one from the Which? top 10 could well be a very shrewd move to make.