There has been a buzz surrounding Peterborough for some time, following announcements of various development plans taking shape in and around the city. Peterborough, which was previously best known for having good transport links to bigger and brighter nearby cities, is undergoing a huge period of regeneration with a recent announcement made by Peterborough City Council declaring that UK and overseas investors are backing an impressive £130million regeneration plan.
Read more at the BBC here;
http://www.bbc.co.uk/news/uk-england-cambridgeshire-26229020
The redevelopment plan will see several key areas of the city centre set to be rejuvenated which will undoubtedly deliver new jobs, homes and outlooks for people living in Peterborough and generate interest from outsiders hoping to take advantage of our 45 minute commute to central London.
Another boost for the cities image was being crowned the fastest growing city in the UK, followed closely by Milton Keynes, which has helped to enhance the confidence of local, national and overseas investors in the cities potential to deliver.
Based on figures collected last year, and as reported by the BBC, the annual change in house prices in Peterborough is up 10.8% compared to national average of 6.84%. When this growth is coupled with house prices which are below the national average and a strong demand for rental properties, Peterborough offers profitable buy to let solutions.
With all of these exciting plans and projects in the pipeline and to take advantage of a city on the up, I believe that now is the time to invest in Peterborough!
Belvoir Lettings Peterborough have exclusive access to investment opportunities offered by developers maximising office to residential conversions, current clients selling with tenants in situ and new build sites.
For an informal discussion to learn more about potential returns, property selection and areas to invest, please contact Emma Falco on 01733 321500 or emma.falco@belvoirlettings.com
Free Buy to Let Advice
The team at Belvoir Peterborough would be pleased to receive calls or emails is if you are considering purchasing your first buy to let or improving and increasing your current property portfolio.
Belvoir Peterborough is an accredited and regulated letting agency. Members of ARLA, Safe agent, Safeagent and the Property Ombudsman. One of the requirements for membership of ARLA and Safe Agent is to have Client Money Protection and all client monies independently audited and accounted for annually.
This article was prepared and written by Emma Falco, General Manager for Belvoir Peterborough
