How to identify a potential property hotspot
Being able to identify a potential hotspot can be the difference between good and excellent capital appreciation when investing in property.
If you are just starting out and you’re not set on an area or if you want to sense check a few patches to see if they have any legs in them there are some simple key indicators to look out for.
1. Major regeneration projects
Are there any plans to develop the area or a specific area close by?
Has budget been allocated for infrastructure upgrades e.g. buildings, roads, power supplies etc
2. Transport link change or development
Are there any plans to build new major roads or bypasses, is a direct trainline on the cards to link the area to the countries major cities or are extra services being added to an existing route?
3. Wholesale food outlets
Supermarkets spend millions of pounds every year researching population growth, if there are several supermarkets or a large shopping centre due to open in an area the chances are the population is about to increase.
4. New schools
New schools prove population growth, if schools are shooting up then you can expect more families moving to the area.
If you have an area that ticks the boxes above the chances are that you have found yourself an up and coming potential hot spot, if property prices in that area are currently low you then you may have come across a property investing gold mine.