It’s not really surprising that with the London and South East housing price bubble, that more of you are looking further afield to live and work, outside the UK’s over saturated capital and further afield to other areas of the UK.
We believe now is the perfect time for you to buy or rent property in East Lancashire – here are three reasons why:
The North West is experiencing the lowest annual house price growth of any English region year-on-year, with average house prices now around £175,000. This presents ideal opportunities if you’re a first time buyer looking to get on the property ladder in Lancashire.
Examples of great houses currently for sale, ideal for first time buyers and/or those looking for a great price in Darwen and Blackburn.
We are also happy to announce that we’ve experienced a definite increase in first time buyer interest in East Lancashire, especially with the new Help to Buy ISA announced.
Investor interest is growing within East Lancashire and the surrounding areas, with many forecasts predicting radical new ideas to improve Lancashire neighbourhoods and housing.
A true region of contrast, the North West has so much to offer you and your family having something for everyone.
For example, a leading IT recycling specialist with headquarters in Lancashire has created more jobs, after receiving a business grant from the government’s Regional Growth Fund. More info here.
Lancashire has also recently smashed the record for new businesses launched in the area in a single year, with 5.7% more active companies than there were a year ago and 32% more than 5 years ago!
Renting out property in East Lancashire
Thinking of letting out your property? Well now could be the best time!
The North West is starting to catch up with the rest of the UK rent wise, experiencing a resurge in rental growth within Darwen, Blackburn and other Lancashire areas; now on an equal basis with London and the South East for most of last year. So if you’re considering becoming a first time landlord or expanding your portfolio, now is the time to benefit from the increasing North West rental yields.
Looking to rent in East Lancashire?
If you’re looking to rent in East Lancashire you can find much lower and cost effective housing options in the Darwen and Blackburn areas than many other areas in Britain.
Darwen – Studio to rent £325 pcm compared to the average £650+ studio flat in London.
Blackburn – 2 bed semi-detached house to rent £440 pcm compared to the average £1,200+ 2 bed terraced house for rental in London.
Darwen – 3 bed terraced house to rent £445 pcm compared to the average £1,000+ 3 bed terraced house for rental in Hampshire, South East.
With many up and coming businesses and other regeneration schemes going on in Darwen and Blackburn, the areas also have beautiful views, a great community spirit as well as easy to access transport links to the vibrant and historic areas of Preston, Blackpool, Southport, Liverpool, Manchester and Chester to take advantage of.
So if you’re thinking of moving to our beautiful region why not get in touch with us and we can give you much more info and reasons to live here, whether you’re looking to buy or rent. Call us today on 01254 760660 or email: Darwen@AinsworthLordEstates.com