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In these uncertain times, I am wanting to renovate properties in areas that are appreciating within their own bubble. I have done my own due diligence on each area (Manchester, Liverpool & Birmingham) but, I would love to hear from my fellow property enthusiasts within the forum. Can any of you give your own opinions if you have/are you planning to invest in any of these areas? If you do have properties or developments here, how are they performing?
Any positive comments would be a good help!Best,
I personally stay away from these areas as you are already 5 years behind. Good investors purchased properties in these areas before the bubble and has seen the property going up. There might still be a little left in the balloon but not much and unless you know the area well you can buy on the wrong streets.
Once read never to follow the news as it is now to late.
Also im not building my business around CG but yield and see CG as a bonus if I get it
Thanks for your response! I do wish I had got in earlier!
Birmingham is on a roll and its not going to stop. Graa, we were buying there before this, and previous bubbles and still are, there are great deals absolutely everywhere, its its all down to knowing your area, we bought 23 last year around the edge of Birmingham but I wouldn't touch anything residential in the centre - 2miles to 6miles out, on main commuter routes, we are getting good yields and constant capital growth.
Barney from reading your other post you clearly know how to identify a good deal & I think if you put the research in you can be successful anywhere (I hope you stay off our area though :-) )
Stewardson Developments Ltd.
Burson Land Ltd. & Jennings & Gilchreaste Ltd.
Follow me on twitter - @philstewardson
I would be interested to hear what areas you are referring to in Birmingham, not sure about 'great deals absolutely everywhere', its proving very difficult to find good deals due to the increase in property value and competition for 'investment' properties throughout the city and surrounding areas.
I am referring to Oldbury, Bearwood, Quinton and to a lesser extent Harborne all showing great growth. Finding the deals is the difficult part, but we target finding one a fortnight (ideally off-market) here and the same where we operate in North West, its time consuming but we manage it consistently and at the moment have a glut ready to start on in the new year.
Thanks again for your input. I will be delving deeper into Birmingham between Christmas & New years - I wish you the best of luck with your investments.
Hello Phil,Sorry, I've only just seen this - I hope you had a nice Christmas. I really appreciate your comments and I would never purposely want to compete against someone who has helped me! So let's hope we only meet through the PT forums haha!All the best!
From my research and what other landlords are saying I would say Birmingham, though as per the other comment you do need to be careful on which area. Areas can change literally in a few short roads. Edgbaston appears to be a good bet
Good to hear that you want to invest!
Each of the areas you have mentioned are all great in terms or appreciation and return, and like Phil said the outer areas of these cities are a brilliant place to invest also.
I was wondering where are you based? As there might be areas close to yourself that are appreciating in their own bubble.
I hope this is helpful for you and please don’t hesitate to ask if you have any more questions.
This is great news for Birmingham:Proposals for the Commonwealth Games Athletes' village in Perry Barr were given the go ahead today (Thursday) after a vote by the planning committee.
The scheme, on the former Birmingham City University campus, will accommodate up to 6,800 athletes and officials for the 2022 competition before being converted into around 1,400 homes.The vast majority of the new properties (1,072) will be flats and maisonettes, alongside 79 houses and 268 extra care apartments.
The plans also include a retirement village and a community centre.Full/source articleDue diligence resources:
Investing in Birmingham - now the most "investable" city in the U.K!BTL in LiverpoolLiverpool CentralLiverpool - Anfield area (L4) Buy to let in Manchester
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**