Newcastle is the largest city in North East England. It is a busy city that is known for its driven, youthful population, economic opportunities and outstanding leisure offering. With an international airport that is expected to grow from serving 10 million passengers in 2016 to 15 million in 2030 and superb rail connections via the East Coast Main Line and Cross Country Route, Newcastle is extremely well connected. The suburban and underground Metro system connects a range of Tyne and Wear locations.
This excellent infrastructure serves Newcastle well in terms of supporting economic success. The city’s diverse population works across a range of sectors, with the key ones being creative and digital services, science and healthcare, and offshore and marine. Newcastle also has a strong retail environment. Many businesses are focused around the Central Business District, which is defined as the area bounded by Haymarket, Newcastle station and Quayside. Newcastle is one of only six UK Science Cities and one of only six English Centres for Offshore Renewable Engineering.
Newcastle has an average age of 37.8 (lower than the national average of 38.6) and a large student population, which is driving forward the city’s future economic potential. Regeneration in Newcastle is delivered in line with lengthy, ambitious goals. The St James’ Boulevard regeneration and the Science Central Business School Zone spanned at least two decades as part of this strategic regeneration focus. The development of a new high rise city district is expected to be equally successful, building on the city’s appeal in order to serve future generations.
With so much to appeal to buy-to-let investors, Newcastle has emerged as a key property hotspot within the UK. If you are interested in investing in Newcastle rental property, the Surrenden Invest team is here to help. We source off market Newcastle property investment opportunities in key areas, which offer healthy yields and the potential for excellent capital growth. Our team also provides end-to-end management, so that your Newcastle buy-to-let investment can be in the safe hands of our expert team at every stage.