Cheshire is an increasingly desirable place to live. It sits comfortably within commuting distance of Manchester and Liverpool, two of the UK’s biggest cities, features beautiful rolling countryside and is home to sports stars, celebrities, entrepreneurs and captains of industry.
It’s one of the best places to live in the country’s Northwest region and, as a result, more people are interested in buying local properties. Accordingly, more homebuyers and property developers are looking for peer to peer bridging loans – opening up another lucrative avenue for property investment in Cheshire.
Let’s take a closer look at why property investment in Cheshire is attracting such interest – and how you can benefit.
There is no doubt that Cheshire’s famous ‘golden triangle' has contributed to the recent rise in property value. This collection of mansions and millionaires has spurred developments within the area, adding public spaces, offices, shops and restaurants to cater to a growing population. As a result, house prices in Cheshire are going up – in one particular postcode, they have increased four-fold over the past 20 years.
What is it that gives a place its appeal? Some areas grow steadily in popularity, while others peak quickly and then fade fast. There are a variety of factors at play, but ultimately, property investors are looking for a place that attracts steady commercial and residential interest.
Cheshire offers strong economic and business opportunities, good transport links and an attractive lifestyle. The IT and financial services sectors are making an enormous impact on Cheshire’s economy, as both start-ups and established businesses looking to escape the UK’s oversaturated and expensive big cities.
Given its many attributes, Cheshire is attracting an increasing number of would-be homeowners and property developers – many of whom will need bridging loans. This makes it an attractive destination for external property investors too. However, given its prime position, many believe that property investment in Cheshire is out of their financial scope.
Alternative finance solutions can enable investors to band together to fund a single property, a large property development, or a loan to someone buying a home. This turns unaffordable properties into accessible investments that can deliver reliable returns.
The rising price of properties across the UK has created an almost impenetrable barrier to entry for many property investors, while buy-to-let is in steady decline. At The House Crowd, we bring peer to peer lending and crowdfunding together with property together to open up lucrative alternative investment options within the market.
“Cheshire is home to a number of exciting new property developments and a growing number of homeowners”, says Frazer Fearnhead, CEO and founder of The House Crowd. “This means the area offers property investors many more opportunities to invest in peer to peer loans”.
The House Crowd boasts an average return rate of 9.2% per annum (this was the average net return paid out to investors on peer to peer loans from 2015 to 2018). The team operates quickly and efficiently, and scrutinises each and every loan application carefully to ensure compliance – and to meet the borrower’s needs. Plus, loans are secured against the underlying value of the property, which protects investors in the event that a borrower defaults.
The House Crowd’s main office is based at no 10. Alderley Edge in Cheshire, one of our most prestigious developments situated in one of the county’s most coveted locations. Investors might also be interested in our other property investment opportunities in Manchester, Liverpool and other prime locations throughout the Northwest.
If you’d like to know more about property investment in Cheshire, give us a shout and we’ll get back to you.