Released on = August 27, 2007, 10:04 am

Press Release Author = Jimwatson

Industry = Real Estate

Press Release Summary = When it comes to seeking out cities for buy-to-let investors
to find property in, there may be a tendency for some to think of the big provincial
cities where large-scale renewal has city living and mushrooming developments of
flats at its heart. While indeed the likes of Manchester and Leeds are booming,
there are popular areas and genuine opportunities to be had in places that may slip
under some people\'s radar.

Press Release Body = When it comes to seeking out cities for buy-to-let investors to
find property in, there may be a tendency for some to think of the big provincial
cities where large-scale renewal has city living and mushrooming developments of
flats at its heart. While indeed the likes of Manchester and Leeds are booming,
there are popular areas and genuine opportunities to be had in places that may slip
under some people\'s radar.

Lincoln could be one such place. Located in the flat fenlands midway between the sea
and large centres of population such as Nottingham and Sheffield, Lincoln might be
seen as something of a backwater, a small city of 84,000 people, (according to
Lincoln City Council figures) famous only for its large cathedral.

Yet there are lucrative spots for investors here. Linda McGuirk, a spokesperson from
Lincolnshire estate agents Burton & Co pointed said locations near the cathedral can
fetch up to £500,000 for a six-bedroom house and £130,000 for a two-bedroom terraced
property.

She added that the presence of the University of Lincoln has a particularly
significant impact, with properties in the west end of the city being valued at
around £130,000 to £150,000 due to their proximity to the university (The main
campus is on the waterfront by Brayford Pool).

Ms McGuirk added: \"These properties are popular because of the profit that can be
made to investors when renting them out. In particular these properties are so
popular because of the location and proximity to the university.\"

This is an aspect of investment in Lincoln that may well develop further. The city,
despite being an ancient one, did not have a university at all before the 1990s,
when the then University of Lincolnshire and Humberside arrived. A name change,
reflecting the geographical shift from its roots in Hull as the University of
Humberside, was not the only new development, with the university boasting that the
Brayford campus was the first city centre campus constructed in 25 years when it was
opened in 1996. Thus the Lincoln student scene has grown up from nothing in a short
few years, centred on a rapidly changing institution.

At present, the university states it has 8,326 undergraduate students on its three
campuses. But should it undergo future expansion, this will create further demand
for rental property in Lincoln.

House prices are low in Lincoln, Ms McGurk stated, with some terraces available for
just £110,000, but these are not likely to be snapped up be locals, she says,
because wages are generally low in Lincoln.

So while recent research by the Halifax showed the average university town has a
premium on prices, this effect has not pushed Lincoln prices out of reach for many
investors. Thus if there is further expansion in student numbers, there may well be
many more buy-to-let opportunities to be had at bargain prices.

Web Site = http://investors.assetz.co.uk/

Contact Details = Assetz House, Newby Road, Stockport, Cheshire, SK7 5DA,
0161-456-4000, linkexchangeseo@gmail.com