Book a Property Valuation

How to identify an up-and-coming hot spot

How to identify an up-and-coming hot spot

Property The Guild of Professional Estate Agents 26th October 2016

Without a crystal ball, how can you possibly know where an up-and-coming area might be? Finding a location that is on the cusp of a boom is not just about finding the trendiest spot in town; the right location which could make a property a much stronger investment for the future.
Local estate agents have in-depth knowledge of the local area and are the perfect people to guide your property search. However, there are several pointers to help you spot the next best thing:

Retailers
When people have a greater disposable income, there tends to be a larger number of independent retailers. Keep your eyes peeled for new boutiques, delicatessen or niche food chains. Bear in mind that for bigger stores there is a significant volume of market research conducted before the expensive of opening a new store is considered – use this as a steer in your search.



Transport Links
Anywhere within a five-mile radius of good transport links has a lot of potential. Many will already be popular and therefore expensive, but taking a closer look at the map could pay off. While this approach may mean going a little further down the train line, you should consider this as a tactical, and practical move. 


Age
The age within a local area can be a good indicator of future desirability. With young professionals in their twenties and thirties in abundance, there tends to be a subsequent influx of retailers and businesses to accommodate.

Days on Market
If a property is selling fast, it can only be a good sign! Take a moment to investigate how long properties in your search area are taking to sell, if it is a long time it would suggest the market is not working its way up to fever pitch in the near future.



Future Developments
As well as what is already in close proximity, it is also worth investigating whether there are any future development plans, such as new transport links or schools. New build developments are another tell-tale sign that the area is worth investing in.

To make the absolute most of your search and get the detailed knowledge you require, find your local Guild estate agent.

Pwy ydym ni?

Mae Williams & Goodwin The Property People yn aelodau o’r Gymdeithas Gweithwyr Eiddo Proffesiynol, Cymdeithas Genedlaethol y Gwerthwyr Tai, y Gymdeithas Asiantwyr Gosod Preswyl a Chymdeithas Genedlaethol y Priswyr a’r Arwerthwyr. Rydym hefyd yn Syrfewyr Prisio Siartredig ac yn aelod o Rwydwaith Cenedlaethol o tua 800 o Asiantau Tai annibynnol.

Mwy amdanom ni






Cyfieithwyd y wefan hon gan Bla Translation Ltd
mail@bla-translation.co.uk
www.bla-translation.co.uk

Cysylltu â ni

Eisiau gwybod mwy am Williams & Goodwin a’r gwasanaethau rydym yn eu cynnig, ffoniwch neu anfonwch e-bost atom heddiw.

Caernarfon - 01286 677 775
Bangor - 01248 355 333
Llangefni - 01248 751 000
Holyhead - 01407 760 500
Property Management - 01248 72 40 40
All Wales Auction - 01248 75 39 39

Cliciwch ymai weld manylion llawn ein swyddfeydd


 
 
 
©2024 Williams & Goodwin The Property People Cymru. All rights reserved. Terms and Conditions | Privacy Policy | Cookie Policy | Members Login
Registered in England & Wales. 
Update Cookies Preferences