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New research from AI powered, property investment portal One and Only Pro reveals new league table showing the top ten seaside towns for property investment in England.Taking the top hotspot is Blackpool with 14% of properties found to have ‘Diamond’ investment status by One and Only Pro’s unique algorithm. Offering some of the most affordable property of all the seaside towns, the average Diamond property in Blackpool costs just £74,392.In second place, with an average property price tag of £187,912 is Hastings, with 3.2% of Diamond properties, followed by Paignton, which came in third place with 2% and an average £109,806 Diamond property price.Fourth and fifth place went to Weston-super-Mare (1.6%) and Southend-on-Sea (1.3%), both towns offering a sound investment, with an average Diamond property price of £197,985 and £199,441 respectively.
Top Seaside Towns for Property Investment
% of 10's
Yield (Average first 10)
Average Price 10's
Southend on Sea
Source: One and Only Pro, June 2019The analysis ranks the top seaside towns in England and Wales areas, based on the percentage of Diamond properties on the market in June 2019. Investment properties were given a score from one to ten, with properties rated ten, dubbed Diamond properties and the most likely to increase in value. Properties which score ten are a once in a lifetime investment, that will sell quickly. Properties with scores between seven and nine will out perform other similar properties.Henri Sant Cassia, CEO at http://www.oneandonlypro.com comments:“Blackpool comprehensively tops the list with an average property price of just £74,392, giving an average yield of 19% for their diamond properties. Many commentators and predications have recently identified the North of England as a top property investment hotspot, with good potential capital growth.“Even in Whitby, which has no diamond properties, investors can still earn a yield of 6% if they can get to the top 10 investment properties, which the One and Only Pro platform helps investors to find.“What is pleasing to see is that even in more expensive seaside towns such as Bournemouth and Brighton, investors can achieve yields of 11%, if they seek out the right property deal. The data shows that there are good property deals everywhere, you just need the ability to seek them out. The One and Only Pro data and platform dispels the myths that property yields in these towns don’t go over 4% and now is a bad time to be investing in property.“Other commentators and data take yield averages over all properties in a town, whereas we take the average from only the top 10. The danger in analysing all properties in an area, is that it may skew average yields and create the wrong perception of an area, signalling that it may not be suitable as an investment.“For example, if we take the coastal town of Poole, with its multi-million-pound Sandbank homes, you could be forgiven thinking that it is a no-go area for property investors. However, our research shows that even in Poole, investors can pick up a great investment property, such as a two-bedroomed flat for £87,000, or town house for around £270,000. Though there are much lower numbers of diamond properties in this area, they are still a few to be found.“One and Only Pro predicts which properties are most likely to see the highest yields and capital growth, using a mathematical analysis to provide investors, lenders and mortgage brokers with an easy to understand scoring system, allowing them to identify the best deals on the market. The unique algorithm shows the properties most likely to increase in value and demonstrates potential yields, providing highly valuable information, at the touch of a button.The website features thousands of available properties which users can compare and contrast using a range of innovative AI-powered features, including capital appreciation, potential scores and rental yields. It already hosts over 210,000 opportunities, almost 9,000 of which are below market value, with almost 25,000 listings yielding higher than 7%.
For further information, please visit http://www.oneandonlypro.com.*OneandOnlyPro is a commercial partner of Property Tribes.
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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**
I think the calculation is flawed.. I have property in Weston Super Mare, there has been very little capital growth over the last 15yrs because of the amount of new builds which is still continuing at pace so the likelihood is that capital increases will be low... I would say that it does have good yield however the turnaround of tenants even in family properties can be high so there is increased costs that come with that. Think it proves you can't beat local knowledge.
Any Blackpool investors wanting to comment?