Over the last 30 years, property prices in the South of England have risen to the point where many people have been priced out of the market, while property prices in the North have lagged behind.
Regeneration means all that is about to change. Billions of pounds have been poured into the North-West of England over the last few years, transforming largely abandoned industrial areas into vibrant and modern residential communities.
Property prices in the North-West are rising accordingly, meaning that now is the optimum time to invest in this buoyant and growing market. The price of an average 2-bedroom terraced house in the North-West has already soared from around £30 - £40,000 to as much as £90,000 over the last 5 years. It will not be long before these properties break the £100,000 barrier, but these prices are still very affordable to investors from the South.
Buy to Let example - BURNLEY
2 bed terraced house in good condition
| £60k | Purchase price |
| £9k | 15% deposit |
| £1k | Solicitor & mortgage arrangement |
| £350 | Monthly rent |
| £234 | Mortgage |
| £116 | Gross profit |
| £70 | Other costs such as agency fees, insurance and safety checks (£40-£70) |