The Best Areas of Norwich to Invest in Buy-to-Let

Why Invest in Norwich?

Norwich is the county town of Norfolk and is also often regarded as the capital of East Anglia. The current population is around 143,118 but the surrounding urban area takes the population to around 213,166 (as of the last Census). Norwich has also been named the 7th best-performing city in the UK.

Norwich scores highly for quality of life in various surveys. It’s big enough to have most of the city amenities anyone might need but is quieter and safer than many cities, making it especially popular with family buyers and tenants.

The East of England is set to be one of the UK’s fastest-growing regions in the UK, both in terms of population and economy. The region is also one of the wealthiest areas in the UK. It had the third-highest GDP per capita in the UK in 2017.

Originally known for the woolen trade and Colman’s Mustard (although the original factory on Carrow Road no longer operates) Norwich is a major business and commercial city too. Main Norwich employers are in business and financial services, public services, retail and light manufacturing, technology and research. Norwich is particularly well known for Norwich Union, now Aviva plc, and the Norwich Research Park where 115 businesses and 3,000 scientists, researchers and clinicians work.

Norwich is a historic city dating back to 43AD. It is also a tourist location so it can offer opportunities for holiday lets and short-term rentals. Main Norwich attractions include Norwich Cathedral in the Cathedral Quarter, Norwich Castle, and the famous Norwich Market which dates back to the 11th century.

Norwich is also Norfolk’s main regional center for culture, music, theater and retail. Norwich Lanes is known for its independent shops while Intu Chapelfield has all the well-known national shops.

Norwich has frequent train services to London Liverpool Street taking around 1 hour and 50 minutes. There are also long-distance rail services to Cambridge, Stansted Airport, Sheffield, Peterborough and Nottingham. Norwich also has its small airport: Norwich Airport has frequent daily flights to Amsterdam with connections worldwide plus a range of holiday flights.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top