Thanks to its vibrant cultural scene, excellent transport links and proximity to some of the most beautiful countryside in the UK, Norwich is fast becoming one of the country’s most desirable destinations for homebuyers and property investors.
The local university and art school ensure a strong rental market in the region, while retirees, holidaymakers and people relocating from London ensure the sales market is equally buoyant. On top of that, the region is also very popular with holidaymakers, giving investors the opportunity to take advantage of this lucrative element of the property market.
As a result of the exciting and varied opportunities in the region, increasing numbers of investors are looking to Norwich and the surrounding areas. If you’re one of them, here’s our pick of some of the most profitable, and potentially lucrative, locations in the region.
The Golden Triangle, Norwich
One of the most popular parts of the city, the Golden Triangle is a wedge-shaped area that spreads outwards from the city centre. Bounded by Newmarket Road and Earlham Road, the area is popular with families, students and professionals. The property stock is largely Victorian terraces, though flats and commercial properties are also available.
Though not quite as trendy as the Golden Triangle, the Riverside area is more affordable. Close to the station and the city’s amenities, the area is an excellent choice for those looking for a good investment in the centre of the city.
Investors looking for more rural opportunities will find a wealth of pretty towns and villages in the area around Norwich. The historic market town of Wymondham is a good choice as it offers an excellent range of amenities and good transport links to Norwich. Aylsham, Coltishall and Wroxham are also good options for investors looking to buy in the local area.
One of the main attractions of Norfolk for buyers, renters and holidaymakers is the Broads. Holiday homes located within this stunning area are pretty much guaranteed to offer great returns and increase steadily in price.
According to the Royal Institution for Chartered Surveyors, house prices in East Anglia are forecast to increase by 8% in 2016, faster than anywhere else in the country. This makes the region very attractive to eagle-eyed investors, with significant profits to be made across the region. For more information on investing in property in Norwich and the surrounding area, contact a member of our team today.
To find out more about the local and national property market, or if you would like to chat about anything to do with property investment, give us a ring on Norwich 01603 567804 or send us a message.
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