How deeply do you research local amenities when looking at property investments?

Discussion in 'General Property Investment Discussion' started by nmb, Jul 27, 2016.

  1. nmb

    nmb Well-Known Member

    A recent report suggested that living next to for example a Waitrose supermarket could potentially add £38,000 to the value of your property while living next to an Aldi might add only £1333. How much notice do you take of the local amenities when looking at the property investment?
     
  2. lookinginvest

    lookinginvest Member

    Local amenities are an important element of any property investment. As well as investing in property you are also investing in your immediate surroundings.
     
  3. It is important to know what the local area and the local economy has to offer because buoyant property markets need buoyant economies. This ensures there is long-term demand for property in the region and should eventually push prices higher. Those a little more adventurous can try and forecast up-and-coming areas but there is still great milage in picking traditional areas and timing your purchases.
     
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