Could buy to let property in the north be good value for money?

16 August 2010

Written by Jeni Browne

Buy to let investors looking to expand their property portfolio may be interested to know that a survey has shown seaside towns in the north are the best value for money and most attractive with regards to living standards.

According to new research from Halifax, the top five places in terms of both quality of life and affordability are Fraserburgh and Peterhead in Scotland alongside Hornsea, Bridlington and Withernsea in east Yorkshire.

Overall, the highest living standards were found in Bexhill-on-Sea in east Sussex and several other southern areas, but buy to let landlords would normally need to pay more to purchase property in these regions.

Portfolio investors who live in the south of England can also find affordable property that offers tenants the bonus of a high quality of life.

Folkstone, Dover, Newhaven, Burnham-on-Sea and Weston-Super-Mare are all towns outside of the north where inexpensive houses can be found that could also be attractive to people looking for rented accommodation.

This comes after a study conducted by Halifax revealed the traditional gap between house prices in the north and south of the UK was narrowing.

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