Hastings Report - March 2007

When it comes to buying property as an investment, a lot of people make the mistake of only looking at the price when making their decision. While buying a property below market value is attractive, even more important, especially if you plan to hold on to the property, are the prospects for capital growth in the local area. One of the key benefits of our service is that we do the research, evaluation and assessment for you with a view to picking property hotspot areas which we think are likely to out perform the general market. By their very nature property hotspots tend to be more competitive markets than average, property tends to get snapped up quickly and the key to success is the ability to act decisively. We have picked Hastings as a property investment hotspot for several reasons.

• Hastings is experiencing local re-generation, with high levels of state and private investment.
• Local incomes are rising which is pushing up rents
• The quality of the local housing stock is very high, with some especially attractive Victorian architecture.
• It is undervalued compared to other seaside towns close to London, in particular when compared to Brighton.
• There is great scope for adding value through refurbishment
• The popularity of working from home increases the attractiveness of living by the sea
• More and more baby boomers are migrating to the south coast, increasing local demand
• The market is very buoyant and optimistic
• Our Chairman has bought there personally

We have prepared some additional information for your attention, plus we have included two properties we believe represent excellent investments either to develop or to buy to let.

Choices Acquisitions and Investment

01342 840000

HASTINGS ECONOMIC AND POPULATION PROFILES

Choices have compiled a detailed report regarding the area which includes population demographics, economic growth and property price information. Details available upon request.

PROPERTIES

• Ashburnham Road, Clive Vale, Hastings, TN35

A first floor studio flat situated to the rear of an older style building about 1.5 miles from Hastings Station and 0.5 miles from Ore Station. The property is vacant and comes with electric heating, shower room and living area.

• Cambridge Gardens, Hastings, TN34

A large four storey house located right in a central location a short walk from Hastings station. The property is currently let out on a room by room basis with 10 lettable rooms fetching £50-£60 per week. The property will be sold with vacant possession but lends itself to conversion STPP or to be run as a HMO or B&B subject to obtaining appropriate certification.