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Why You Should Invest in a Brighton Buy to Let Property in 2016

23.02.2016 Site Manager

The Brighton and Hove buy to let property market has proven itself to be a top UK hotspot, with the fastest growing rental returns for landlords in 2014 - a 13% rise from 2013 - followed by a top 20 yield ranking in 2015 of 5.63% in the annual HSBC rental report. Now in 2016, Brighton and Hove property remains an attractive investment choice with capital growth month-on-month and the accolade of being a top 10 global travel destination - the only UK city to make the grade - according to TripAdvisor. We love Brighton, industry professionals and global crowds love Brighton, now you too can enjoy the bright lights of this cosmopolitan city along the coast.

Investment opportunities

According to Homes and Property, around 40% of sold Brighton homes were bought by ‘exiles’ from the capital in 2014. As property prices to the north of Brighton continue to climb, its large stock of prospective buy to let property options became an obvious choice for many. When we fast forward to 2016, it is clear that the city’s appeal to landlords has had a profound impact as Brighton is now ranked third out of 63 UK towns and cities as having the most people in rented accommodation.

Opportunities for potential landlords are rolling in thick and fast. Brighton was recognised in 2016 as not only a student accommodation hotspot, but also one of the few markets in this investment class that also has a healthy traditional property landscape for families of all ages. The University of Brighton, University of Sussex and its distinguished private schools, like Roedean, are attracting an influx of UK and international students looking for quality education and quality of life, while its growing economy and social scene provide the perfect foundation for family life.

Two bedroom property, Buckingham Close, Brighton. Request a viewing

The right market choice

Back in May 2015, the UK buy to let market was valued at more than £1 trillion. The stakes are high for investors to choose a prime market with the highest yields to turn a profit, particularly in light of an upcoming 3% surcharge this April. With property prices in London at an all-time high and rental returns dipping to around 3% within some London areas in 2015, investment markets outside the capital with strong capital growth have boomed since 2014, and commuter towns and cities are best placed to accommodate these shifts in interest. Commuters, general interest, a large student population and a growing crowd of young professional who live and work in Brighton have all fed into the popularity of the city’s buy to let market.

A property market is fuelled by opportunities in the market and its reputation as a great place to live and work. Brighton and Hove has made its mark in the UK through numerous national surveys. The city has been named the happiest place to live in 2008, 2012 and 2015 and was voted one of the best coastal stretches, alongside the likes of Rio and Sydney, by Lonely Planet in 2013. Its business credentials have also made it a UK hub for economic growth and dense industry clusters. It was voted the best place in the UK to start up a business in 2015 and its tech cluster has been likened to the next Silicon Valley in Britain. All this has resulted in an active and in-demand property market which both landlords and tenants love to live in.

Two bedroom property, Bristol Road, Brighton. Request a viewing

Brighton’s iconic Regency property along its popular seafront is perennially in demand, while an 853-home development in Brighton Marina has been cited as the next big property opportunity on the horizon. Homes in neighbouring Hove include an array of Edwardian, Regency and Victorian flat conversions and multiple storey properties, with a large population of rental tenants. Property options further inland, around Seven Dials for example, are well placed for travel, entertainment and food and drink outlets: Brighton landlords really do have plenty of choice.

Have you considered buying at auction?

Buying and selling property at auction has become a popular and mainstream option in the UK. If you are looking to buy before April 1, buying at auction is one of the quickest ways to seal a deal. There are no catches as an auction contract on the day is legally binding. Buyers also have access to some of the best property listings on the market with some brilliant deals on offer inside a transparent and competitive auction setting. Austin Gray has an enviable reputation in the property auction market, with a current success rate of 87%. Following more than 30 years of success in the industry sector, we have joined forces with Auction House: the UK’s number one property auction brand, to grow this service further from 2016.  

For more information about our most suitable property listings and why you should consider buying at auction, contact the Austin Gray auction team on 01273 20 19 80 or browse through our residential listings here