Brighton is the place that offers not just the best of both worlds… but the best of ALL worlds for residents and property investors alike! Brighton has the sea, but it’s also fringed by rolling countryside. It has all the big city amenities, yet it’s relaxed and even a bit quirky too. It’s close enough to London for those who love London… but far enough away for those who don’t.
That’s both good and bad news for property investors. Good news because the demand for property – and the rent you can earn – is huge. In some ways, it’s bad news though because property here isn’t cheap. But, for savvy investors who are willing to shop around, there can still be good deals to be had.
Recent figures show that Brighton and Hove have the fastest rising rents in England and Wales. Last year they rose 8.2%, and are now an average of £1,384 a month.
Brighton has higher than average property prices. According to Zoopla, the average asking price here is a steep £403,030. However, that doesn’t mean Brighton isn’t affordable to investors. Look on property portals like Rightmove and Zoopla and you’ll find Brighton property prices start from around £90,000.
And remember, areas with higher property prices usually mean higher rents and so Brighton yields can be just as attractive as cheaper locations if you buy carefully.
An interesting thing to know is that Brighton is one of the most popular cities with those moving out of London. That helps to keep Brighton rents and property prices buoyant.
John Hoole Estate Agents offer a range of properties for sale in the Brighton and Hove area that would be ideal as buy-to-let investments.
Source: Property Investments UK 2019