Sunday, April 22, 2007
Look at Cheap Coastal Towns says LettingFocus and David Lawrenson
Right now, there are ten seaside towns where house prices are at a discount of more than £50,000 to the average house price in their region -and all ten are on the East coast.
The discount is the highest in Margate where according to the Halifax the average house price (in 2006) of £144,300 is at a discount of an incredible £86,361 to the average house price in the South East.
Okay, the South East is an expensive region and Margate does still have some way to go to recapture past glories, especially since the local authority thought it would be a smart move to site a huge out of town shopping centre just outside the town, thus ensuring the heart was ripped out from Margate and setting back progress about 5 years.
(Why can the planners not see that these kind of developments destroy as many jobs as they create, lead to loads more traffic and kill off local communities. (Another area that has suffered the same fate is West Cardiff, parts of the Vale of Glamorgan and Barry which have been partly nobbled by the Culverhouse Cross development and traffic nightmare near Wenvoe))
All the seaside towns that are at the biggest discounts to their regions are all in Kent, Essex and Sussex.
I think this will change in time due to two key drivers.
1. The growth of second homes - “Creative types” who can work form anywhere – they have moved to attractive rural and seaside locations for a better quality of life.
2. Regeneration of some seaside towns / improved transport links in others
As those wealthy enough continue to roll out their wealth to second homes in attractive seaside towns -as they have already done in South Devon – attractive south eastern coastal towns will see good capital gains.
MORE ABOUT LETTINGFOCUS AND WHAT WE DO
LettingFocus.com is the home of landlord information.
Hello, I’m David Lawrenson.
I have been a landlord and property investor myself for over 25 years and am author of “Successful Property Letting” – which has been the UK’s top selling commercially published property book for the last 3 years.
Our main business is at a corporate level for organisations - both public and private companies.
We provide consultancy for banks, local authorities, social housing providers and other organisations – helping them with their landlord facing or buy to let product strategies and services.
OTHER WORK
We also write for property websites and are regularly quoted by the media. In addition, we have written articles for numerous publications including The Independent, The Telegraph and quality landlord websites.
MENTORING
For private landlords, we also find some occasional spare time to help landlords and property investors make money in property by coaching them in ways that work, which are ethical and which involve minimal risk to the investor.
We pride ourselves on giving independent unbiased buy to let advice on either a one to one mentoring / coaching basis or through our occasional group seminars.
Unfortunately, in the UK today, property advice in the UK is still largely unregulated and what counts as “good advice” is too often more about making the promoter money than giving useful information to the investor.
With no links to property firms, developers or bridging loan providers we can advise on where and what type of property to buy for investment and when to buy it. We also show you how to manage tenants properly.
AT OUR WEBSITE LETTINGFOCUS.COM:
THE HOME PAGE OF THIS BLOG click here: Blog
THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
For general info on our CONSULTING click here: Consultancy and Seminars
ONE TO ONE PRIVATE CONSULTANCY click here: Property Mentoring
NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors:
Next Property Investment Seminar and Networking Event
We have OFFERS on a range of services and products for landlords too; click here including landlords insurance, tenant referencing, tenancy agreements and more: Services and Products for Landlords
TO READ CLIENT TESTIMONIALS – both commercial and private click here: Testimonials
BUY “SUCCESSFUL PROPERTY LETTING” click here: Buy the Book at Amazon plus anything else you fancy at Amazon.co.uk
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to david@LettingFocus.com - Please note we WILL NOT send spam or sell our mailing list to advertisers!
IF YOU HAVE A SITE WHY NOT LINK TO THIS BLOG OR TO OUR WEBSITE?
IF YOU SELL SERVICES TO LANDLORDS, YOU COULD BE A PARTNER ON OUR AFFILIATE PROGRAMME. PLEASE GET IN TOUCH!
See our Twitter page: http://twitter.com/LettingFocus
TO VIEW RELATED POSTS select a “Category” at the bottom of this page.
Copyright: David Lawrenson 2007
The discount is the highest in Margate where according to the Halifax the average house price (in 2006) of £144,300 is at a discount of an incredible £86,361 to the average house price in the South East.
Okay, the South East is an expensive region and Margate does still have some way to go to recapture past glories, especially since the local authority thought it would be a smart move to site a huge out of town shopping centre just outside the town, thus ensuring the heart was ripped out from Margate and setting back progress about 5 years.
(Why can the planners not see that these kind of developments destroy as many jobs as they create, lead to loads more traffic and kill off local communities. (Another area that has suffered the same fate is West Cardiff, parts of the Vale of Glamorgan and Barry which have been partly nobbled by the Culverhouse Cross development and traffic nightmare near Wenvoe))
All the seaside towns that are at the biggest discounts to their regions are all in Kent, Essex and Sussex.
I think this will change in time due to two key drivers.
1. The growth of second homes - “Creative types” who can work form anywhere – they have moved to attractive rural and seaside locations for a better quality of life.
2. Regeneration of some seaside towns / improved transport links in others
As those wealthy enough continue to roll out their wealth to second homes in attractive seaside towns -as they have already done in South Devon – attractive south eastern coastal towns will see good capital gains.
MORE ABOUT LETTINGFOCUS AND WHAT WE DO
LettingFocus.com is the home of landlord information.
Hello, I’m David Lawrenson.
I have been a landlord and property investor myself for over 25 years and am author of “Successful Property Letting” – which has been the UK’s top selling commercially published property book for the last 3 years.
Our main business is at a corporate level for organisations - both public and private companies.
We provide consultancy for banks, local authorities, social housing providers and other organisations – helping them with their landlord facing or buy to let product strategies and services.
OTHER WORK
We also write for property websites and are regularly quoted by the media. In addition, we have written articles for numerous publications including The Independent, The Telegraph and quality landlord websites.
MENTORING
For private landlords, we also find some occasional spare time to help landlords and property investors make money in property by coaching them in ways that work, which are ethical and which involve minimal risk to the investor.
We pride ourselves on giving independent unbiased buy to let advice on either a one to one mentoring / coaching basis or through our occasional group seminars.
Unfortunately, in the UK today, property advice in the UK is still largely unregulated and what counts as “good advice” is too often more about making the promoter money than giving useful information to the investor.
With no links to property firms, developers or bridging loan providers we can advise on where and what type of property to buy for investment and when to buy it. We also show you how to manage tenants properly.
AT OUR WEBSITE LETTINGFOCUS.COM:
THE HOME PAGE OF THIS BLOG click here: Blog
THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
For general info on our CONSULTING click here: Consultancy and Seminars
ONE TO ONE PRIVATE CONSULTANCY click here: Property Mentoring
NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors:
Next Property Investment Seminar and Networking Event
We have OFFERS on a range of services and products for landlords too; click here including landlords insurance, tenant referencing, tenancy agreements and more: Services and Products for Landlords
TO READ CLIENT TESTIMONIALS – both commercial and private click here: Testimonials
BUY “SUCCESSFUL PROPERTY LETTING” click here: Buy the Book at Amazon plus anything else you fancy at Amazon.co.uk
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to david@LettingFocus.com - Please note we WILL NOT send spam or sell our mailing list to advertisers!
IF YOU HAVE A SITE WHY NOT LINK TO THIS BLOG OR TO OUR WEBSITE?
IF YOU SELL SERVICES TO LANDLORDS, YOU COULD BE A PARTNER ON OUR AFFILIATE PROGRAMME. PLEASE GET IN TOUCH!
See our Twitter page: http://twitter.com/LettingFocus
TO VIEW RELATED POSTS select a “Category” at the bottom of this page.
Copyright: David Lawrenson 2007
Labels: COASTAL LOCATIONS, COASTAL LOCATIONS and house prices, Margate property, seaside towns, South Devon property
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