Southampton has been tipped as the next big growth area for property prices. Could it be an ideal place to move to or invest?
Here’s our top ten reasons why we think it could be a good choice:
- Great transport links – the motorways provide easy access to the rest of the country, regular fast trains to London Waterloo take little over an hour, and Southampton International Airport opens the door to the major cities of the world
- Fantastic shopping facilities – shoppers come from miles around to visit WestQuay and the surrounding stores. All the big names are here, including John Lewis, Apple and Ikea. There’s also plenty of out of town shopping and boutique options available.
- Great countryside – in the city itself is an abundance of parks and green spaces (the Common is particularly good), whilst the countryside of the New Forest is literally on the doorstep.
- Home of sailing, and a major cruise port – if you like all things nautical, Southampton is the place to be: home to the annual Boat Show, a variety of sailing clubs and a significant cruise terminal for all the latest super-ships.
- Wide choice of sports facilities – from swimming and diving, to skiing and climbing – plus Southampton’s own Premiership Football Club!
- Rich in culture – The Mayflower Theatre hosts all the West End Shows and the Guildhall regularly features a variety of exhibitions and concerts.
- Rich in history – Southampton is home to England’s longest stretch of medieval walls and, of course, the port from which the Titanic sailed.
- Lively nightlife and a great choice of bars and restaurants to suit all tastes. Oxford Street is a hidden gem of particularly tempting culinary delights!
- Excellent universities bring in a vibrant student audience, and the teaching hospital is one of the best in the country.
- Great value housing! The average house prices range from £134,872 for a flat to £288,805 for a detached house, and, according to RightMove research, these figures are set to rise by a staggering 42.9% over the next five years! For landlords, yields of around 7% are not unheard of either.
So why is Southampton so cheap, compared to neighbouring towns of say Winchester or Romsey? We believe it’s a forgotten gem and so often overlooked – it’s never quite reached ‘trendy’. However, it’s starting to attract the attention of the savvy property buyer, and a lot of investment is currently going into the infrastructure to make it even better.
Southampton is a large, diverse city – this means you need the right guide, to help you unearth the best places to live – and point out those areas to avoid.
At ScoutBee we’d be happy to help you with a property search in Southampton. And with house prices set to rise so considerably, it could certainly be worth the gamble!