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Showing results for tags 'norfolk'.
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Yarmouth & the Eastern Coast Regeneration
LaurenCR posted a topic in Location Specific AdviceLooking for any advice/opinions about investing in Great Yarmouth and the coastal areas around it such as Gorleston- has anyone done this, and if so, what areas would you recommend, and how are you finding the rental market atm? This will be my 2nd BTL, my first is a one bed flat in Liverpool purchased through Property Hub. I'm a Norwich based investor, have looked into purchasing a BTL in Norwich and the returns just aren't as good as some coastal areas such as Yarmouth. As GY is known as a deprived area, I am of course concerned about the capital growth there, but there seems to be a lot of investment and regeneration happening in GY at the moment. This makes me wonder, is GY an up and coming town? Is it realistic to think these investments will result in a booming seaside town within the next 5-10 years, or would I be better off investing in the less deprived areas surrounding it such as Gorleston/ Bradwell etc? The regeneration projects currently planned for GY; A £120m bridge - the third river crossing - will link the town's marine and offshore industries with the A47 when it opens in 2023 The borough council's replacement £26m Golden Mile "anchor attraction", the Marina Centre leisure complex, is due to open next summer A £20.1m Town Funds grant will help create jobs and plans to turn the empty Palmers department store into a learning hub and university campus alongside the relocated Central Library Work should be completed in summer 2022 on an £18m operations and maintenance campus for the offshore renewables sector A £13.7m Future High Streets Fund will pay for the library move as well as a new heritage centre, more leisure venues and turn empty historic buildings into homes in the town centre The historic glass Winter Gardens has won a £10m lottery grant - part of a £16m restoration - and is due to reopen in 2026 as a heritage, arts and education venue The Market Place is undergoing a £4.6m revamp to help attract more shoppers A four-year £1.9m scheme to save the town centre's historic and at-risk buildings is also under way A new 'fire festival' this autumn has just been revealed in a bid to make the resort a year-round destination A London Eye-style wheel (pictured) is on a free summer loan, offering views for up to 10 miles Plans are under way to secure major festival slots next year for a film, titled Provisional Figures, shot in Great Yarmouth featuring Nuno Lopes
Hello from Norfolk (new investor alert)
jamesoc posted a topic in Introduce yourselfHello I'm James, If you are like me you'll have binged The Property Hub, bought yourself as many books to read on the subject, and spent hours researching investment strategies and properties because you live life wildly and that's how you get your kicks. I'm 26 and new to property investment, it'd be great to chat to anyone in a similar place, and build a network of like minded people. I may be able to offer some guidance on where to look for good research on local economic fundamentals. About me, I studied economics at university, and have worked in economic development roles at a Local Authority and County level, before becoming a Business and Economics secondary teacher. I dabble in stocks as a hobby only. My personal goal is to develop a property investment portfolio that generates enough income to give myself and my partner the choice of when and for how long we want to work. As of today I'm looking to buy my first BTL property, I have £40,000 and am looking for a mortgage broker, let me know if you've used one that you would recommend. I'm choosing between Manchester or Leeds, but if the podcast has taught me anything it's to not get too hung up on where to invest. I'll be targetting 1 to 2 bed properties circa the £100,000-£115,000 value to begin with. These will be let out with young professionals in mind. Here's to 2021 and aiming high. 2020 can get in the bin already.
Great Yarmouth Rental Market
Anisa A posted a topic in The MarketTrying to gather information on the Great Yarmouth rental market. I can easily find information about the average rental prices in different areas but I am wondering how long it typically takes to rent out properties there? Does anyone have any insight?
More choice in new build developments
Lee Chapman posted a topic in Introduce yourselfHi All New to the forum and wanted to say hi I'm moving into new build developments for the first time, following many years in various construction businesses. i have a real passion that the buyer should be able to have a house that they can live very comfortably via space and low ongoing costs - due to lack of choices the buyers seem to forget their dreams and aspirations -unfortunately ending up with an identikit home the same as next door. So that is our mission is to provide - more choice - better design - cheap to run and healthy to live in Cheers Lee
Hi everyone I'm considering the possibility of buying a furnished holiday let somewhere on the Norfolk coast - I've chosen that area because it's within relatively easy reach of home (2-3 hours drive) and would be a good place to take the family for holidays. My plan would be to outsource all the bookings and management as far as possible and so, as a first step, I would like to have some initial conversations with local specialist FHL agents. Does anyone have any recommendations as to good agents to contact? Many thanks Jeremy