Bridlington is a seaside town on Yorkshire’s East Coast, often considered Scarborough’s poor cousin. Until now it wasn’t considered a sound place to buy property in. The leisure facilities were run down, the seaside resort was more popular with older generations and had very little to attract younger families.
However that’s all changed. Brid is undergoing a surge in visitors thanks to recent Dad’s Army Movie and heavy investment from the local council. The region is showing a 10% increase in commercial investment compared to the previous year, and the green energy industry is drawing many to the region.
Reasons to move to Bridlington
Today, Bridlington has it all: lovely sandy beaches, just minutes away from cliff-side walks and nature reserves and an old town with history dating back to the Doomsday book. You don’t have to go far to find evidence of Roman and Bronze Age settlements, resulting in many open field views across the wolds.
Trains connect the town to Beverley, Scarborough and Hull. Thanks to Hull Trains that means you’ve access to a direct and affordable train to London. With the refurbished Spa and the new leisure centre due to open later this year will provide a quality of life that would suit any young family. A recent Heritage Lottery Fund Award means even Bridlington Quay is getting attention.
Even though the catchment high school has had some negative press, home buyers are snapping up the bargains and choosing the better performing secondary schools in Driffield or Beverley as their first choice. Teens are continuing their education with East Riding College in Beverley and can move up to University at Hull.
The Bridlington Buy to Let Market
With Bridlington being popular with the Victorians you’ll have no trouble finding an 8 bedroomed property under £200,000, and newer built 3 bedroom properties within reach of the beach with a garden and garage easily falling in the £150,000. Buy-to-Let rental yields for a 1 bedroom flat in the YO16 postal code area offered over 5% yield in the previous tax year, with the 3 bedroom houses proving above a 4% return. Investing in this area offers the advantage of a much lower purchase price for your investment giving a savvy investor the opportunity to develop a larger portfolio.
House Prices Increasing Year on Year.
Housing sales in the area are also bucking the national trend with Bridlington seeing a substantial 18% increase in sales for the financial year compared to the falls seen in London. Sale prices themselves have been almost 10% higher than on the previous year according to the Halifax House Price Index.
Neighbouring towns Driffield and Beverley recently received national recognition as towns to live in and bring up a family, as a direct result the property prices increased sharply. With all the attention the area is receiving Bridlington is sure to be the next town to benefit.