Business took me to Brighton today. Though my course was interesting, I couldn't help looking at the flats opposite. Typical city new build. Nice balconies. And of course, I also had to look at all the estate agents on my way down from the seafront to the station. Prices a bit lower than in London, rentals about the same. Now, I'm not saying I've done the full Due Diligence, but my gut feelings are that the yield would be high here, and you'd have few voids.
There's a buzz about Brighton anyway. Seafront, the Lanes - good for creative shopping and eating, and the ease of commute to London and its airports. . Mixture of young professionals, artists and aging hippies. Downside: huge Police presence and dire warnings about what happens if you're caught drinking or doing drugs in public.
My daughter (25, working in the City) and her partner (27, IT expert with fashion company) - both of them Londoners through and through - say they'd like to move there when they start a family. I can see why.
The bottom line always for me is - would I like to live there? I would - tucked away from the buzz but within walking distance of it. The writer in me needs the solitude and the access to people.
Just a thought: maybe Passive Investments will come up with the goods. Thy;re acquiring five properties for me in the area by constantly buying BMV and reinvesting the deposit .Great if they found one there.
That;s one of the bets things about being a property investor - owning properties in places where you'd like to live, but can't.
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