Buying land and developing properties isn’t as hard as you think, but predicting the next boom in house values in a particular area can be a little tricky.
“Developers are beginning to understand there is potentially lucrative land to purchase and build on outside of London.” Mr Bill Hunter
Hunter Finance covers the entire South East region of the UK, but there’s one area, in particular, that might be worth keeping an eye on.
Chelmsford became an official city in 2012 and since then, there’s been an incredible amount of investment in various types of infrastructure in and around the city centre. The city council hopes to open their new Riverside Ice & Leisure Centre in spring 2019.
“House prices in Chelmsford have grown by 18% in the last five years and that figure is expected to continue to rise whilst other areas, including London, might stagnate.”
Chelmsford is the London city outside of London. It already has fantastic transport links, with direct trains taking half an hour to reach Liverpool Street. Furthermore, the Elizabeth line is expected to open next year too, giving commuters easy access to Canary Wharf and Heathrow.
The city is already becoming noticeable with London commuters. Around 30% of new buyers in the Chelmsford area work in insurance or finance. City workers are recognising the benefits of living in the developing city whilst maintaining an easy commute to work in the capital.
We have plenty of experience in helping developers finance their property projects in the Essex area. Modern terraced houses are expected to fetch around £375,000 to £550,000 on the current market in Chelmsford.
As London housing prices face uncertainty, with concerns around their affordability, London workers are constantly looking for new, up-and-coming areas to move too.
Enquire today and find out how Hunter Finance can get your project underway. If you’re looking for other towns in London to invest in, check out our previous blog [Link to London Hotspot Blog] that highlights our recommended hotspots.
See Essex Property Development Finance – Borrow Up To £2.5m
If we can help we will say so, if we can’t we will be able to point you in the right direction or suggest alternative financial vehicles.