Why Hastings is an attractive place to invest

Why Hastings is an attractive place to invest
March 9, 2016 Rosie Williams
Hastings Pier 2016

Attracted to the fashionable and bohemian vibe of Brighton but avoiding a hefty price tag, more and more incomers are choosing to buy property in the neighbouring town of Hastings.

Hastings House Prices

Brighton house prices have stood fairly resilient and now come at an average price of £365k, or £260k average for a flat, according to Rightmove.

Comparatively, you can get your hands on a flat in Hastings for an average of £122,495, or treat yourself to a fancy semi-detached property which fetches for less than the price of a Brighton flat at around £223,565.

History of Hastings

Hastings has suffered its fair share of bad fortune over the years, of course starting with William the Conqueror’s Norman invasion in 1066 and later losing its superiority when the harbour silted up.

Hastings fought back and reinvented itself as a Victorian holiday resort but unfortunately suffered the loss of holiday-makers to the Costa del Sol and simultaneously saw an influx of London’s problematic families relocating there.

Regeneration

Finally, Hastings had a come back. A £400 million regeneration project brings a vital rejuvenation to the seafront and a new university campus, while a focused clampdown on crime is regenerating the town.

The Old Town has a new cookery school, artisan shops, micro-brewery pubs and the Jerwood gallery, making it a much cooler and “up-and-coming” place to live.

The Hastings Pier, following a £14.2 million restoration is set to open in Spring 2016 with new offerings including a film festival and farmers markets. You can actually watch the Pier progressing on this live webcam feed, if you are really keen.

A rising influx of newcomers from London and Brighton are already discovering the beauty of Hastings with its charming buildings, low property prices and a sunny seaside town to compete with the big boys!

Sold house prices were 6% up last year and 13% up on 2013 figures – a rising property market which is set to continue as investment into the area increases.