SOME POSSIBLY GREAT INVESTMENT LOCATIONS.
TRURO, CORNWALL – INVESTMENT PROPERTY
Truro is located in the centre of western Cornwall, about 9 miles (14 kilometres) from the south coast on the confluence of the rivers Kenwyn and Allen, which combine to become the Truro River, one of a series of creeks, rivers and drowned valleys leading into the River Fal and then to the large natural harbour of Carrick Roads. You’ve got a cathedral, cobbled streets and lovely, Georgian-style Lemon Street. You can go sailing on the Fal and Helford estuaries, or drive a little farther to the beaches of north Cornwall. Even better news is that current house prices are low. “Prices still reflect those of 2006 “ which suggests there is room for further growth making this a potentially a great place for investment property. You can buy a three-bedroom Victorian terrace for £250,000. In the past six months, there has been a sudden increase in property developments, with more in the pipeline.
NORTH OXFORD, OXFORD SHIRE – INVESTMENT PROPERTY
The boundary of “North Oxford” is not exactly defined, but the original area developed by St John’s College (sometimes now called “Central North Oxford”) runs north from the top end of St Giles’ to approximately Kingston Road, Frenchay Road, Staverton Road, and Marston Ferry Road, south of Summertown. It includes Park Town, Norham Manor, and the eastern parts of Walton Manor Living north of Oxford has always meant a much longer commute into London. Now, however, Chiltern Railways is building a new station, Oxford Parkway which will cut the journey to the capital down to an hour. New homes are already being built: a 22-apartment gated Waterside development (prices £165,000-249,000) is also being built at Killington, 10 minutes away from the station.
NORWICH, NORFOLK – INVESTMENT PROPERTY
It’s roads that will increase house prices here. Not only is the last bit of the A11 being turned into dual carriageway (due to open this autumn), but there’s serious talk of a bypass around the north of the city. “Prices at the bottom of the market, which largely consists of terraced houses, have climbed 15 per cent in 12 months. “This is likely to ripple out across the entire market over the next 12-24 months.”
WORCESTER, WORCESTERSHIRE – INVESTMENT PROPERTY
Further education is the engine of change here. Since being given full university status in 2005, the number of student applications per year has risen from 5,000 to 13,000. Some £150m has been spent building new libraries, laboratories and halls of residence, and the uni-boom has been felt throughout the city. These improvements have encouraged new shops, businesses and houses. “We could forecast a 10 per cent increase in property values in the next two or three years, in response to this comprehensive building programme.”
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