6 of the Best
Up and Coming Areas
Being by or near the sea is a sure-fire bet for those wanting to buy into
Britain’s “up and coming” areas, according to a new survey
of estate agents. Of their top six, half are on or near the sea. Leading
the way at the top of the list is the Gunwharf Keys development in Portsmouth.
Built on the site of an old navy torpedo complex, this new £200m 33-acre
site comprises of over 65 designer outlets, 20 bars & restaurants, an
11-screen cinema, a 26-lane bowling complex, a comedy club, 500m of marina
space, office space – and 310 homes.
Also featuring is East Cowes, on the Isle of Wight. Its apparent geographical
limitations - there are only three ways to get to the town: by a single road,
a floating bridge across to West Cowes, and by car ferry to Southampton –
have left it with the reputation of being a quiet place. However, this is
increasingly seen as an advantage for those seeking to escape the bustle
of elsewhere in the frenetic south-east.
The Quayside area in Newcastle-Upon Tyne is another popular area, bolstered
by urban regeneration projects and a new arts centre, The Baltic.
Other up-and-coming areas in the UK are the Brightons, a popular village
near Falkirk in Scotland, Newport in Wales, and Sonning Common, a rural outpost
of Reading.
The estate agents see new home building and prices rises as the biggest
indicators of areas that are up and coming, according to a new survey. 21%
of them put house building at the top of their list, followed by price rises
(16%). Increased sales activity and the amount of property that has been
recently converted is also important – at 9% in both cases.
Six up-and-coming areas, as judged by estate agents:
1. Gunwharf Keys, Portsmouth
2. Brightons, Falkirk
3. East Cowes, Isle of Wight
4. Newcastle-Upon-Tyne
5. Newport
6. Sonning Common, Reading
Source: The One Account – 1000 UK homeowners polled by telephone in
May 2004
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