Industry giant Knight Frank have released details of five locations where favourable local conditions suggest opportunities for property developers and investors. Amongst them is Chesterfield, where it just so happens....
Using their own metrics covering a variety of economic and housing measures - including pricing, liveability, accessibility, housing supply and housing demand - Knight Frank have identified five key locations for future growth.
These five key areas are Surrey Heath, Tameside, East Hertfordshire, Fareham and Chesterfield – places that offer the right balance between affordability, amenities and accessibility.
Located in the foothills of the Pennines, Chesterfield is known as the gateway to the Peak District. It is a market town surrounded on three sides by greenbelt, but is less restricted to the east towards the M1. Chesterfield benefits from being on the mainline rail network and offers an easy 15 minute commute into Sheffield City centre.
Chesterfield is struggling to meet the demands of the housing delivery test and is currently meeting 65% of its target. If that target increases under new proposals Chesterfield would only be meeting 46% of the revised housing delivery target.
This presents an excellent opportunity for buy to let investors looking away from the major city centres towards emerging growth areas.
We have a handful of two bedroom duplex apartments still available at St Mary's Square in the town centre, great value at £140,000.