As the largest city in Hampshire, Southampton is a jewel of a city that has a lot to offer both socially and economically. Surveyed as one of the happiest places to live in the UK and with an estimated population of 251,731 people, the city balances historical beauty with a thriving modern attitude towards life.
With an almost endless list of things to do in Southampton, residents and visitors are spoiled for choice between the array of events at the Mayflower Theatre or retail locations like WestQuay. The selection of unique boutiques and favourite brands are sure to delight anyone in need of a little retail therapy. But Southampton isn’t just a paradise for shoppers and theatre lovers, history fanatics can spend days exploring the rich maritime and aviation history of the city. Whether it’s exploring the “Titanic Trail” and learning more about the people who were lost at sea or visiting the Solent Sky Museum and learning about the launch of the first Spitfire in 1936, there’s many an hour of fun to be had. If that’s not enough, then you can also enjoy the many green spaces and parks in Southampton, which offer a respite from the busy city hub. Mayflower Park is an especially breathtaking setting, where you can watch boats, fireworks, and enjoy an ice-cream by the water’s edge.
But it’s not just a visitor's paradise, Southampton is also a haven for students and medical professionals alike. Latest estimates put the student population of Southampton at over 40,000 and this is only set to grow with University of Southampton being in the top 1% of universities in the UK. The innovative approaches utilised at Southampton have led to some incredible medical developments. Recently, University Hospital Southampton became the first to implement a revolutionary procedure to remove kidney stones which is estimated to save the NHS 10,000 bed days per year. Southampton also helps lead the way towards a better environmental future with the only geothermal energy plant in the UK, making Southampton one of the lowest emitters of CO2 nationally.
Of course, this isn’t a total list of what Southampton has to offer, but it does give a glimpse into why so many people choose to live in this beautiful city. Southampton is an accessible city for renters and landlords, with shared rentals starting at just £70 per week, and investment opportunities from £65,000. Cheaper properties which are perfect for student lets are delicately balanced with larger family home investments in the leafy areas of Bassett and Shirley. So, for investors with a larger portfolio, city centre properties average around £227,495 and the overall city average price is £284,297. No matter what stage you’re at in your journey as a landlord, Southampton and Hunters are the perfect choice for your next investment. Despite the ups and downs of the housing market, Southampton has experienced a steady increase in house prices of 5% year on year, making it a safe investment for your future.
At Hunters we recognise that the above facts and statistics give Southampton incredible potential as a buy to let location, but sweeping generalisations aren’t going to convince you of the Hunters difference. So we tune our services for each property and each investor, utilising our years of industry experience and growing national network of expertise for each individual case. To find out more about our innovative approaches and what Hunters can do for you, get in touch today and one of our lettings team will be happy to start your journey of buying to let in Southampton.