In December 2022, Keble rolled out Real Estate investment opportunities in Scarisbrick, a charming village nestled in the heart of West Lancashire, United Kingdom. The strategy behind these options was to transform properties in Scarisbrick into luxury homes through renovations and improvements to significantly increase their value or generate immediate equity growth.

This Keble blog post will delve into the potential of Scarisbrick's Real Estate market, explore growth trends, list property types, and highlight why we invested in this region.

Scarisbrick is situated in the northwest region of England. The area offers a delightful blend of natural beauty, historical significance, and a close-knit community. Just a short drive away from the vibrant coastal town of Southport, known for its sandy beaches and bustling promenade, Scarisbrick also offers easy access to urban amenities while maintaining the tranquility of rural living.

Additionally, the nearby city of Liverpool, with its thriving cultural scene and iconic landmarks, further adds to the appeal of Scarisbrick as a desirable place to live and invest in Real Estate.

Scarisbrick offers a range of property types to suit various investment strategies. Investors can access an array of diverse options, from detached properties to semi-detached to terraced houses and flats.

Generally, property prices in West Lancashire have steadily risen, growing at an average rate of 33.6% over the past five years.

The population of Scarisbrick has also grown in recent years, with a 2% increase between 2011 and 2021. Several factors contribute to this growth, including Scarisbrick's proximity to Manchester and Liverpool, reputable schools, and attractive countryside settings.

This population increase has exerted pressure on house prices as the demand for housing has surpassed the available supply, resulting in a housing shortage within the town.

Consequently, the average house price has risen by 20% and currently stands at £250,000, beating the national average of £225,000. Also, average house prices in West Lancashire, where Scarisbrick is located, have increased by 1.7%, outperforming the UK average growth rate of 1.2% over the same period.

Other fun facts about this market:

Now is undoubtedly an exciting time for Real Estate in Scarisbrick. Let's look at some emergent patterns and see what they mean for potential investments in the area.

More and more people in West Lancashire are choosing to rent. The percentage of households renting increased from 10.5% in 2011 to 13.9% in 2021. This means a growing demand for rental properties is great news for Real Estate investors looking for opportunities.

Experts predict that the number of households in the Lancashire-12 area, including West Lancashire, will increase by a whopping 71,740 between 2018 to 2043. That's a growth rate of 13.9%. We've already seen what happens to Real Estate prices when households increase.

Lancashire, including West Lancashire, is a property investment hot spot. Interest rates are climbing, and property prices are going up too. Property owners can expect their assets to appreciate in value over time.

In Scarisbrick, average house prices have been going up by 2.2% every year. That's great news if you own property in the area because it means your investment is growing in value.

Scarisbrick's Real Estate market is poised for further growth and presents exciting investment opportunities. These new developments, combined with Scarisbrick's positive growth trends, rising rental demand, and projected household growth, make investing in Scarisbrick an attractive proposition for Real Estate investors.

A new bypass is in the works in Scarisbrick, with the primary purpose of alleviating traffic congestion and improving accessibility for businesses and residents. This enhanced transportation infrastructure is expected to make Scarisbrick more attractive to companies and individuals seeking a convenient and well-connected location. As a result, the demand for housing will likely increase, creating new opportunities in the Real Estate market.

Scarisbrick is on the verge of an exciting transformation with the upcoming development of a new industrial park. This expansion is not only expected to create a multitude of job opportunities but also fuel the demand for housing in the area. Imagine living so close to work that you could just stroll, saving on transportation costs and giving the environment a breather. Also, as the industrial park attracts businesses that offer competitive salaries, it paves the way for more individuals to afford homes in Scarisbrick, creating a thriving Real Estate market.

To address the housing shortage in the area, plans are underway for a new housing development in Scarisbrick. This development will introduce additional housing options, catering to the needs of residents and potential homebuyers. The increased availability of housing will improve market dynamics and make Scarisbrick a more desirable location for individuals seeking residential properties.

Scarisbrick offers potential investment opportunities in the Real Estate market. Especially noteworthy are the fantastic returns on terraced homes, making them a great investment option. This is why Keble decided to invest in the vibrant market, leveraging our expertise and network of seasoned developers for maximum success. Check out other global locations in our Real Estate portfolio.