Investors seeking the best opportunities in 2020 should be focusing their attention on tertiary locations; there are several small towns and cities located on the outskirts or within close proximity of a larger city, in various locations across the UK that have huge potential that is yet to be realised.
Finding the best towns for investment is something best left to the professionals who’ve evaluated the present merits and considered forecasts for the future; Redditch is a small town that should be in every investor’s sights if they’re looking for the next best place for property investment in the UK.
Why Redditch?
Redditch is a small town located just 15 miles south of Birmingham, surrounded by greenery residents benefit from immediate access to the picturesque Worcestershire countryside as there is protected green belt encircling the urban area. The River Arrow runs through the town adding to the natural beauty; residents don’t have to travel far to enjoy a scenic bike ride or a country walk.
Redditch is ideal for commuters; by train or car, the journey into Birmingham takes around 30 minutes. Redditch train station connects to Birmingham Grand Central in just 32 minutes. The M42 and M5 motorways are a very short distance from Redditch allowing for easy connections to other centres and the wider UK motorway network. Birmingham International Airport is less than 45 minutes’ drive away and the town will undoubtedly benefit from the arrival of High Speed Rail 2 (HS2).
Regeneration
Whilst the town is already an established investment prospect as it stands, the planned regeneration makes the potential for investors all the more exciting.
The approved plans for regeneration in Redditch focuses on four quarters of the town; Station and Residential, Education and Enterprise, Retail and Leisure and Public Sector and Cultural. Injecting considerable funds into these areas of the town in order to improve the facilities and overall look and feel of Redditch.
Of particular importance to council leaders are the improvements to the railway station, the gateway into the town. The local council are engaged in talks with West Midlands Rail to pursue opportunities to improve the connection between Redditch and Birmingham even further. With hope of linking to opportunities that will result from the arrival of HS2.
Property in Redditch
As with most locations around the UK Redditch is facing a housing shortage, in particular, there is a shortage of high-end apartments, the type of property that often appeals to busy professionals.
The type of property which an investor purchases is as important as the location in order to achieve the best possible yield. Luxury, high-quality properties that are conveniently located in relation to transport connections and amenities are always in high demand.
Living in Redditch
When considering lesser-known locations investors often, rightfully ask – what will attract tenants to living in Redditch? Redditch is already a popular place to live and, as with the rest of the country, there is a shortage of housing; demand is already present. On top of the existing demand for property, people are choosing to move to Redditch in pursuit of a better quality of life.
The proximity to Birmingham is clearly a big draw for commuters who need to reach the nearby city regularly. There is an abundance of the countryside surrounding the town and many green spaces within Redditch including Arrow Valley Country Park, which is 900 acres of open green space including a lake and a visitor centre with a café; the town is perfect for those who wish to live in a rural setting whilst still having access to amenities.
Redditch has excellent shopping facilities including the Kingfisher shopping centre which is full of well-known stores, restaurants and has a cinema too. The town is also a more affordable place to live compared with similar commuter hotspots that offer a similar quality of life.
Redditch property investment
Redditch is an attractive prospect for investors; already an established commuter town outside of Birmingham with exciting plans in the pipeline for improvements to infrastructure and regeneration throughout the town.
Developed by an experienced team with an exemplary track record, offering impressive rental yields and huge potential for capital growth in an attractive location; an asset every investor should add into their portfolio. If you want to discuss the opportunities for investment in Redditch, we’re available on +44 (0) 2039507939 or send us an email at [email protected].
