Investment Property for Sale in Newcastle Upon Tyne
There has never been a better time to invest in property in Newcastle. Whilst properties in the rest of the UK and other popular Northern cities are subject to inflated prices, returns on investment property in Newcastle Upon Tyne can be up to 9% – significantly higher than the nationwide average of 6%. Investing in Newcastle today is comparable to investing in Manchester or Liverpool 10 years ago, so are you ready to get ahead of the property investment trend?
Newcastle (also known as Newcastle upon Tyne) is home to two universities: Newcastle University, part of the prestigious Russell Group, and Northumbria University which is situated in the heart of the city centre. With 29% of Newcastle University’s students coming from overseas, there is unprecedented demand for purpose-built student accommodation and a steady flow of international tourists coming to the city to visit their family who is studying here. The city is also home to football team Newcastle United and stadium St. James’ Park, which provides an even more increased demand for hotel rooms.
Newcastle’s modern economy is now built around corporate headquarters, learning, digital technology, retail, tourism and cultural centres. In total, Newcastle contributes over £13 billion towards the United Kingdom’s GVA. Newcastle’s largest shopping centre Eldon Square attracts over 36 million visitors yearly, making it the 5th busiest shopping centre in the UK.
With £1.5 billion of investment and a £350 million regeneration scheme planned for 2021 and beyond, Newcastle is a prime location for redevelopment.
Why Newcastle for Property Investment?
If you’re wondering why you should choose Newcastle to begin or expand your property investment portfolio, let’s start with the demand for property in the city.
The current metro population of Newcastle upon Tyne in 2021 is 814,000 residents – a significant 1.62% increase from 2017. With a rapidly growing population and a 25% increase in flats and waterside apartments, demand dramatically outweighs supply in Newcastle.
According to Hometrack in 2021, Newcastle is the cheapest major city for property in England. With prices in southern cities such as London at an all-time high, it is often difficult to start investing with insufficient funds. This makes rental yields in Northern cities such as Newcastle far more attractive. These lower prices coupled with more investors entering the market at these lower prices means that Northern cities are seeing a faster rate of investment than places such as London and surrounding areas.
Property Investment in Newcastle
Whether you are a first-time investor looking to understand your options and make the first steps towards building your portfolio, or an experienced investor looking for someone to effectively manage your investment, our team goes the extra mile to deliver exceptional service and results.
Investment Property Newcastle FAQs
Newcastle City Centre is a good place to start, with TotallyMoney rating the NE1 postcode in its top ten best yields in the country. There are plenty of new-build apartments, period properties and conversions with views of the river and Tyne Bridge (specifically in Quayside) for investors to choose from. If seeking an affluent area to invest in property in Newcastle, we would also recommend Jesmond.