Properties in areas undergoing a period of regeneration are starting to rival university towns and holiday destinations as attractive places for buy-to-let investors to purchase a property, a new survey has claimed.

According to research conducted by the organisers of the Property Investor Show, 41 per cent of buy-to-let investors are considering investing in areas such as Gillingham in Kent and Peterborough in Cambridgeshire which have benefited from recent government-backed regeneration schemes.

Commenting on the findings, Colin Sheehan from regeneration specialist Lace Market Properties, said: "We believe rundown and disused industrial areas can be transformed to create desirable mixed use communities. Urban regeneration schemes are offering investors added potential to secure future profit on investment."

In recent months, such schemes have been approved in a number of areas, such as a planned £380 million project in Scotswood, Newcastle and a £100 million development in the Westgate area of Wakefield scheduled to begin construction this month.

The Property Investor Show is being held at the ExCel Centre in London from September 21st to September 23rd.