The midlands city of Stoke-on-Trent is beginning to gain some traction in the world of property investing. As the city grows and benefits from public and private investment, more and more investors are looking at the area for opportunities to invest in property.
Misconceptions can often steer investors away from wonderful investment opportunities, and Stoke on Trent is a perfect example of a previously underrated city within the UK that has managed to shed its negative image and instead become one of the hottest investment cities in the country. In fact, in 2022, Stoke rose to the top of the places to invest list according to The Sunday Times.
So if you’re in the market to quickly sell a tenanted property to a cash buyer like We Buy Any Home and reinvest, Stoke on Trent should be a prime consideration.
But what makes it such a good choice?
Is Stoke-on-Trent an up and coming area?
The short answer is yes, thanks to the vibrant array of experiences and attractions found in the city and the significant investment it has experienced recently.
Things to do
Retail aficionados will appreciate the charm of Hanley’s Potteries Centre and Trentham Shopping Village. Standout eateries such as The Rabbit Hole Tea Room, The Orange Tree, David’s Brasserie, and The Quarter, accompanied by a host of cosy pubs are very popular with locals and visitors alike. The city’s pottery heritage is proudly displayed in its museums, while outdoor enthusiasts can explore the Trentham Estate or paddle along the Stoke-on-Trent Heritage Canoe Trail. For those seeking family fun, Alton Towers Resort, a mere 16 miles away, provides an adrenaline-filled day out!
Entertainment thrives within Stoke’s lively Cultural Quarter, teeming with a rich events calendar, live performances, art spaces, and a pulsating live music scene. Sports lovers can enjoy top-notch facilities at Fenton Manor Sports Complex and Dimensions Leisure Centre or watch a thrilling match featuring local football clubs Stoke City and Port Vale.
Unquestionably, Stoke-on-Trent is gaining recognition as an up-and-coming UK hub. The reasonable property prices, projected to become even more competitive in 2023, excellent connectivity, and robust educational institutions make Stoke an enticing option for those looking to swiftly sell their homes, invest, or shift base. While the UK might witness a dip in property prices in the forthcoming years, Stoke-on-Trent’s steadfast investment in its future and potential property market growth make it a compelling choice for shrewd investors.
So if you’re seeking to sell your house promptly for cash and seize this promising prospect, don’t hesitate to reach out to us at We Buy Any Home.
Why is Stoke so cheap?
Historically, Stoke-on-Trent, like many cities, grappled with challenges such as high poverty rates and crime levels, compounded by a lack of substantial investment. These factors undeniably had a downward impact on property prices, making Stoke a more affordable place to live.
However, the present-day narrative paints a remarkably different picture. An influx of investments has transformed the cityscape, catapulting Stoke into one of the UK’s most desirable living and investing locations. The revamped infrastructure makes the city a magnet for individuals and businesses alike. Yet, despite these improvements, property prices in Stoke remain relatively low, creating an opportune moment for potential investors and home buyers. This unique blend of affordability and liveability is why Stoke-on-Trent is now widely regarded as a hidden gem within the UK property market.
Therefore, it’s recommended to seize this opportunity while this up and coming area still offers such excellent value for money.
What is the most profitable property to invest in?
Stoke-on-Trent’s property market has seen some interesting dynamics over the past year. The overall average property price came in at £173,859, indicative of the city’s affordability when compared to broader county averages.
An analysis of property types sold during the past year reveals semi-detached houses as the most popular, fetching an average price of £178,366. Terraced properties, on the other hand, sold for a more modest average of £116,155, while detached homes commanded the highest prices, averaging at £297,317.
When considering the trajectory of property prices in Stoke-on-Trent, we observe a positive trend. Over the past year, sold prices increased by 6% compared to the previous year and saw a significant jump of 13% from the 2020 peak of £154,065. This growth is testament to Stoke’s emerging status as a desirable place to live and invest, further enhancing its appeal to potential buyers and investors. Despite projected downturns in the broader UK property market, Stoke’s robust growth and promising future investments position it as an attractive market to consider.
Stoke-on-Trent represents a unique and attractive opportunity for those looking to invest in property. The city’s affordability, combined with the recent and ongoing investment in infrastructure, culture, and development, makes Stoke a gem that is no longer hidden. There are a number of affordable areas in the city that present excellent opportunities for shrewd investors seeking to capitalise on Stoke’s rising status.
At We Buy Any Home, we recognise the immense potential Stoke offers and we are actively purchasing properties within the city. As cash house buyers, we understand the dynamics of the property market and the opportunities that cities like Stoke present. If you’re looking to free up capital quickly to invest in this promising city, we can provide you with a fast cash sale for your home.