Where do you buy in the UK? Next to new train lines!

publication date: Jun 19, 2009
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

New Train Lines mean potential areas for Property Investors to invest in the UK

Are you looking to invest in property or looking to buy for the next 10 years and want a chance for your property to grow in value over the coming years more than others?

Then start investigating and watching what happens to the following areas which according to the BBC have been earmarked for researching whether old railway networks will be brought back to life. These include:-

Northumberland:   Ashington and Blyth
Tyne and Wear:   Washington
Lancashire:   Fleetwood, Rawtenstall, Skelmersdale
West Midlands:   Aldridge and Brownhills
East Midlands:   Leicester to Burton
Cambridgshire:   Wisbech
Surrey:   Cranleigh
Hampshire:   Bordon, Hythe and Ringwood
Devon:   Brixham

Not all of these lines are likely to brought back into service and even if they do it could take years. But if you are investing or buying in nearby areas you should:-

1. Consider where you could buy in these areas that may be a up to a 15-20 minute walk to a potential new station.
2. Investigate how likely the line will be brought back to life, speak to the local newspaper, and contact the local transport authority and local council. Ask how you can keep up to date with the story.
3. Does it back onto lots of properties; will there be lots of complaints? 
4. Is it linking areas where there is a lot of commuting and problems on the roads with few other options to solve the issue?
5. If you are buying in these areas, be aware that if the railway is currently disused, it may be brought back into life! Buy in streets nearby rather than ones that will back onto the railway if it is brought back into use. 

For more information on property investing purchase our Property Investment eBook or Factsheets, visit the One to One Support section of the website, contact us or call 0845 838 1763.

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