Get Exclusive Access to Our Property Deals
7 Reasons Why Coventry and Warwickshire are a property investment Goldmine..
Housing a population of over 320,000 and having £100s of millions invested, Coventry & Warwick are definitely an area on the rise. If you have been sitting on the fence until now then this guide confirms why Coventry and Warwickshire are a property investment hotspot.
1. Strong Employment
Coventry and Warwick is a business hub for leading blue chip firms including Jaguar, BMV, EON LandRover, LTC and IBM to name a few. Coventry is home to more than 10,000 active businesses and is a leading location for aerospace and games development, employing more than 10% of the UK workforce in both industries. Overall the robust job market has resulted in 72% employment and with net migration of 39,000 workers commuting into the area each and everyday
2. Robust Transport and Accessibility
With such strong employment it is no surprise that Coventry’s transport links are second to none.
It is only 20 minutes from Birmingham Airport which provides more than 450 flight routes each day with connections to many primary roads, the M1, M5 and M6 to name a few. Plus over 75% of mainland UK is within a 2 hour drive. To top this off, come 2026, Coventry will also benefit from the High Speed 2 Rail connection that will pass through Birmingham Curzon train station; it is only a 10min connection from Coventry to Birmingham
3. Leading Location for Technology & Innovation
By being home to advanced engineering, aerospace, technology, automotive and low carbon energy solutions, Coventry is at the forefront of new domestic and global technology and systems. This bodes well for creating a sustainable demand for the area both for business, employment and living.
4. Unrivaled Capital Investment & Infrastructure
Due to the visionary expectations of its residents and businesses, more than £1bn is being invested in Coventry across several major projects. This includes £200m being set aside to update 12 acres of the south of the City Centre into a vibrant mix of restaurants, hotels, retail shops and a large shopping centre. This is set to rival London Westfields and Birmingham’s Bull Ring in terms of decor, attraction and overall foot traffic. Another prime project is the redevelopment of Friargate also within the city centre; £100m is being invested into providing modern city living which will create 400 new homes,14 office blocks and deliver 15,000 jobs i.e. an 8% increase on current workforce numbers.
5. Rising Student Population
This area is home to 2 of the leading universities in the world. Warwick University was ranked 7th overall in the UK and Coventry was ranked 13th in the UK by Guardian University Guide in 2019. This has resulted in a large mainstay of university students; a population of 54,000 full time students as of 2019 and set to increase further. This has resulted in a jump of purpose built student accommodation rooms (PBSAs) but is only a drop in the ocean compared to the demand for rooms.
6. Tourism Buzz
Compared to the rest of the UK, Coventry is also one of the fastest growing destinations for visits within the UK from visitors abroad with numbers up by 78% between 2014 to 2015. Tourists are flocking in droves to experience the many events & attractions Coventry has to offer including the Coventry Transport Museum which recently had a £9m facelift, Coventry Ricoh Arena which hosts major events like Motofest and the Spice Girls concert plus Coventry Cathedral. Combined with many more arts, theatres and events, Coventry has been crowned City of Culture for 2021. This is set to expand tourism even further
7. Strong House Price Growth
As well as delivering strong cash flow opportunities, Coventry and Warwick also have the ability to generate strong current and future equity opportunities. Frank Knight reported that the price of homes have risen by 26% since 2015, far more than London and neighbouring Birmingham. Also property prices are set to continue higher as the demand for new homes outstrips the supply of news home by nearly 80%*; An average of 2239 of properties is needed to be delivered each year but supply is stuck at the 1400 level.
Coventry and Warwick are demonstrating on many fronts that investment in buy to let properties, Houses of Multiple Occupancy (HMOs)and serviced accomodation is a wise decision that in the short and long-term will generate strong and sustainable cash flow and capital appreciation.
Our Directors, Neil McCoy-Ward and Dwayne, have been investing in Coventry since 2005. Neil McCoy-Ward has a number of companies in the city and together, they manage dozens of properties for landlords already.
We offer the full package of buy, refurbish, manage & hold.
If you would like to find how you can take advantage of building a portfolio in Coventry and take advantage of the massive opportunity on the horizon, then please get in touch by completing the form below.
*Caveat: we don’t know for sure that prices will rise.