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The best places in the UK to purchase investment properties for under £65k have been revealed in recent research by AI-powered property investment portal One and Only Pro.
The site’s algorithm has identified the ‘Diamond’ properties available for under £65k that are most likely to increase in value, which means that even the most inexperienced investors are guaranteed a healthy return whatever their budget.
Darlington takes the top spot where 22 per cent of properties with a price tag under £65k have been awarded Diamond status. The average price of a Diamond property in this market town is £56,468. In second place is Burnley, with 21 per cent of properties under £65k achieving the highest score, and the average Diamond property costing just £37,210.
Bootle and Grimsby, where buyers can secure properties with top marks for investment potential for an average price of £53,278 and £56,188 respectively, made third and fourth places. Fifth place went to Bradford with an average Diamond property price just under the £65k mark at £64,681.
The North East continues to dominate the remainder of the table, with Sunderland, Middlesbrough, South Shields and Hartlepool, securing the next four spots. Keighley, where the average price of a Diamond property is just under £65k at £64,268, took the final place in the top ten.
CEO at One and Only Pro, Henri Sant-Cassia, commented: ‘When looking for real market bargains, patience is key. In some circumstances, sellers will be looking for a quick sale and much more open to negotiation. In these cases, it may be possible to secure a 25 per cent discount.
‘Empty properties can make perfect buy to let investments and there are deals to be made if they aren’t generating an income for the current owner and have become a burden. If the property requires refurbishment, vendors will also need to price competitively to reflect this. Fixer uppers are often portrayed as an instant win but tread carefully here. These can be time-consuming projects, and this will be reflected in the building costs involved.