Stoke-on-Trent, up until now, has not necessarily been seen as the most glamourous of locations for those looking to invest in property despite the historical connections as the heart of The Potteries. Things are rapidly changing though, with strong growth predicted in the coming years, a popular and growing University on the doorstep and a Premier League football club to its name. Residential Estates believe now is the time to invest in Stoke-on-Trent.
There are a number of very good reasons why you should seriously consider investing in property in the Stoke area.
Fantastic Transport Links for Stoke-on-Trent property investment
For those looking to escape the big city crush but still requiring transportation links that allow them to commute on a daily basis, Stoke-on-Trent is in a special location. From Stoke-On-Trent you can reach the major cities of Liverpool, Birmingham and Nottingham within an hour by road or rail, Manchester is only a little further though on-going developments to the M6 will cut that journey time soon too. Even London is accessible by train within two hours from Stoke-On-Trent. This access to fast transport links across England and into Wales, just over the border, ensures that Stoke-On-Trent is an enticing prospect for commuters and young families who may be looking for potential day trips away from the area should they choose to live in Stoke.
Quirky Town Configuration
In terms of the layout of Stoke-on-Trent, it is unique amongst modern cities in that it isn’t made up of different areas in the same way as other cities. Stoke-On-Trent comprises of a selection of different small towns, each with their own character and identity. Investing in property in Stoke-on-Trent provides you with the perfect chance to find the right location for your potential future tenants.
Hanley for example is full of quirky shops, independent bars, cafes and restaurants and a great location for shopping. Newcastle-under-Lyme is another strong location close to Keele University and the Royal Stoke University Hospital, with Penkhill and Hartsill both benefiting from recent development that has helped to increase the capacity for students and professionals working in the hospital. This is a residential market that is sure to remain buoyant.
Growing University and Good Education Provision
There are a number of high quality schools within the Stoke-on-Trent and Newcastle under Lyme areas, but what we feel attracts property investment in the area is the fact that both Keele University and Staffordshire University are right on the doorstep. In terms of a growing number of students and young professionals looking to learn, teach and work at both the universities and the hospital, Stoke is a city with great growth potential for property investors. There is already a large population of students and professionals looking for long-term accommodation, and that figure continues to rise with the on-going development of Keele University campus; a £160m project that is due for completion in 2020.
Royal Stoke University Hospital Investment
It isn’t just the University that has seen significant investment in recent years. A £2 million NHS investment into the Royal Stoke University Hospital has been issued last year in order to provide 45 extra beds, cutting down waiting times and hoping to improve the service for an extra 5,000 patients. A large number of medical professionals, as well as professional administrative staff are required to work within a busy hospital such as this one, and with affordable property in the immediate vicinity it adds to the attractiveness of Stoke as a property investment location.
When compared with other areas of the country, the Stoke-on-Trent area continues to see a steady rise in property value from an attractive starting position. For those interested in investing in property for a solid future profit, either from selling property or leasing it, Stoke is certainly an interesting place to consider as there is plenty of upwards movement anticipated in the market.
At Residential Estates we have a wide and varied team of experts that are in a position to offer invaluable advice and guidance on your situation and financial goals. We have also launched an exciting new student property investment opportunity in the Stoke-On-Trent area so we are keen to speak to investors that share our excitement in this area. At Residential Estates we can help you make the right decision with up-to-date information on the economic climate and the residential market.
If you would like to find out more information regarding our service as property investment experts, contact our office today on 01244 343 355 option 4 or email us firstname.lastname@example.org and our experienced investment consultants will be happy to assist.