The Northern Powerhouse

May 19, 2020

The Northern Powerhouse strategy is creating more opportunities for economic growth, backed by billions of pounds in funding, which includes transport links within and between the North’s towns as well as high-speed train links to major cities across the UK from Leeds and Sheffield to Birmingham and London.

On top of this, there has been work done with the Northern areas to raise the education and skills levels, encouraging the Northern Powerhouse to be recognised as a worldwide opportunity for trade and investment. Not only does this mean there has been substantial growth in the area’s population, but it has also created more jobs and higher rental yields than the country’s capital.

Investing in a high yield property investment in the Northern Powerhouse could mean that you can easily get NET yields as high as 9% on a fully-managed student accommodation investment and even some buy-to-let investments.

Irrefutably, the property industry has seen the most impressive growth over the past four years. Due to the high property prices of the South and London, many professionals are looking to the North for employment opportunities and affordable housing comparably. Data from Hometrack revealed that the average house price in Manchester increased by 8.8% in 2017, with Leeds enjoying 7% growth.

With local economies thriving, unrivalled business innovation, and a tech boom, the number of jobs has sky rocketed across the Northern cities. Many university graduates who studied in the North are choosing to stay there to start their professional lives due to the countless job opportunities and many of the development plans across the region are creating new roles and apprenticeship schemes too. With attractive and affordable rental properties an additional perk, the North is retaining talent successfully.

Whether flocking from the south or remaining in the North post university, investors and developers are revelling in the growth of the property industry. Student and buy-to-let properties are the two major players attracting investment and West Yorkshire’s financial and cultural heart, Leeds, is one of the current hotspots, along with Manchester and Liverpool. Sheffield, Huddersfield and Preston are all emerging locations where average yields are rising. Furthermore, these areas suffer from a lack of appropriate student housing; a weakness that many investors are looking to capitalise on.

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Wayne Venter

International Business Development Manager

Wayne has been in the property industry for over 17 years. He started out selling residential properties in the northern suburbs of Sandton, South Africa, for one of the bigger real estate brands, before moving to a boutique, Johannesburg-based property developer. He worked at a senior level, specialising in residential developments on the north coast of KZN and various other areas of Northern Johannesburg.

Wayne moved to selling luxury, free standing homes and apartments in Sandton, Johannesburg in 2006, having joined the Country’s leading real estate brand and within six months was leading the team. In 2008, he began to focus exclusively on the luxury apartments in central Sandton, priced from approximately R2 million to R60 million. Over the years, he has also added commercial property sales and rentals to his repertoire, as well as building his own investment property portfolio between 2011 and 2018.

By 2018, realising where the South African property market was headed, he sold out of his investment property portfolio to de-risk and went looking for a real estate company to buy into. South Africa’s property market was extremely volatile at that time, so Wayne took the initiative and moved to London to work in property in the UK.

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Edward Snell

Senior Property Consultant

I live in Spanish countryside with my wife and our 11 rescue dogs.

Originally from Bedford, I have two sons, two step children & 6 grandchildren.

I have a keen interest in property investment and over the years have built up a personal portfolio for the purposes of rental income and capital growth.

I have over 20 years’ experience in property investment, both in the UK & overseas.

My other interests include animal welfare, football, motorsports, travel and music

My personality is of an even temperament and I enjoy the cut and thrust of doing deals.
I am happy and successful in what I do & take great pleasure in providing my clients with successful outcomes.

I’m a good team player but work well as an individual.

Daniel Harburn

Property Sales Consultant

Daniel had a passion for property from a young age so he began his working life by undertaking a plumbing apprenticeship for a large well known UK developer to pursue a career in construction. After qualifying he soon realised that building relationships was a preferred skill of his due to his loyal and trusting nature.

From then on Daniel launched his career in sales where he worked his way to to a high performing sales person at a creative media company. Part of Daniels success in accumulating clients over the last 10 years is put down to his diligence in customer experience.

Daniel has a keen interest in golf and also in keeping himself fit which is essential as he and his fiancé have 4 year old twins, Jacob and Sofia who keep them both on their toes.

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