June 16th 2006
Whitehaven regeneration plans set to entice investors
Canny property investors should be considering the Cumbrian town of Whitehaven as a new property hotspot, according to property investment expert Urban Logic.
Whitehaven is one of the latest in a long line of northern England locations to get much needed regeneration funding, which is well-established bait for those investors with an eye on long term return on investment. West Lakes Renaissance and Copeland Borough Council are working closely with regeneration consultant Wayne Hemingway in a move which could change the face of this coastal town, where the wheels of the property market are now beginning to spin into action.
Manchester-based Urban Logic, part of Northern Lynx plc and renowned for its high level of due diligence, has moved quickly to take a slice of the investment opportunity, hitting the market on behalf of its clients by securing a selection of new build apartments and town house properties on the site of a former laundry mill in the town.
Guy Davis, operations director for Urban Logic said: "The go ahead for any sort of regeneration activity in an area is like holding a winning ticket as it means money is being allocated to improve the locale and make it a desirable place to live, with more and better local amenities and a face lift to the landscape. This attracts new blood over time and builds a stronger community that people want to live as part of. This, of course, has the knock-on effect of pushing up the house prices and rental yields. The sensible investors who buy now will be the main beneficiaries."
Whitehaven has a steady history of heritage tourism which is expected to grow as the regeneration plans come to fruition. It is also within an hour's drive of the Lake District and retains many of its original historical features.
Urban Logic identifies and offers discounted residential properties in hotspots across the UK, though the company is mainly focused on up and coming locations
on the outskirts of northern towns and cities.
For further information on Urban Logic and its Whitehaven development opportunities, please visit -www.urbanlogic.co.uk or call 0800 916 8659.
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Urban Logic, part of AIM-listed Northern Lynx plc, offers its client base a selection of well researched investment opportunities across the north of England and Scotland, with added value service options to provide a 'one-stop shop' solution.
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