Commuter Belt Property Buy-to-Let Hotspots in 2019
There’s no doubt that the Commuter Belt is growing in popularity, as property prices in London continue to skyrocket and workers look further afield for living alternatives.
The ongoing process of Crossrail has created excellent links between key locations and the Capital, lowering travel times and creating unrivalled accessibility. Unsurprisingly, commercial developments are following suit, providing excellent opportunities and attracting a talented workforce.
With this in mind, we’ve compiled a list of the top investment property hotspots along the Commuter Belt, highlighting exactly what makes each location great for seasoned property investors and landlords alike. See below for our predictions on the best Commuter Belt property investment hotspots and buy-to-let properties in 2019.
Slough – SL1
Slough is a town on the rise. Home to a thriving business district that contains the largest trading estate in single ownership, Slough has also undergone an ambitious regeneration project. ‘The Heart of Slough’ continues to rejuvenate the town, creating a cultural quarter for the creative media, information and communication sectors.
With Crossrail on the horizon, Slough will be only 18 minutes away from London but still provides much lower property prices than the Capital, forecasting incredible growth as commuters look to move in and take advantage.
Our brand new development in this area is New Eton House, luxury apartments within walking distance of a thriving commercial hub – Welcome to New Eton House in Slough, a town projecting 35% property price increases over the next 2 years.
Reading – RG1
Reading has a lot to shout about. Offering excellent connectivity, a burgeoning creative sector and an environment that sparks business innovation, Reading is forecast to be the best performing large economic area in the UK.
Reading was ranked in the top 25 most attractive European cities for Foreign Direct Investment, citing economic potential, cost-effectiveness, quality of life and infrastructure. As one of the most culturally diverse places for its size in the world, there are 150 languages spoken in homes across the Borough. Reading is also home to a number of beautiful business park developments, providing excellent office space all at cheaper prices than London.
Basingstoke – RG21
Thanks to a thriving employment sector and with many regeneration projects in the pipeline, Basingstoke can expect to see a huge increase in property prices heading into 2020. Home to over 12 brand headquarters, Basingstoke has attracted companies such as Sony and Barclays thanks to its status as one of the UK’s top cities for low employment (3.07%).
Basingstoke currently has a workforce of more than 41,000 and is the third fastest growing town in the UK with a population of 172,000, set to rise as more accessible transport links to London begin to appear.
Basingstoke is home to Churchill Place, a stunning development that offers breathtaking, panoramic views of the surrounding Hampshire countryside.
Purfleet – RM19
Located in Essex, Purfleet offers a 30-minute commute to London and below-average property prices, set to rise as more workers move out of London.
Purfleet is also close to Lakeside Shopping Centre, home to over 250 shops and many different restaurants. With an estimated 500,000 visitors a week, it’s ideal for those looking for some retail therapy.
Woolwich – SE18
Woolwich is an attractive option for those that need something a little closer to London. Activity in the Woolwich property market has significantly grown over the last few years but prices remain much more affordable when compared to the rest of the Capital.
Featuring a range of pubs and microbreweries as well as great places to eat, tourist attractions such as Woolwich Ferry and Woolwich Reach as well as great connectivity with London, Woolwich is one to watch as it experiences extensive regeneration.
What are the key factors to look for in Commuter Belt property?
So what makes the Commuter Belt so attractive? There are a number of things to consider when looking at investing:
Area Development / Regeneration – How much inward investment is going into your chosen area? Look at commercial, retail or residential developments to get a better idea.
Transport Links – Research the accessibility of transport in the area – particularly for commuting to London. This is probably the biggest draw for many tenants in the Commuter Belt and with Crossrail coming soon, any property near the station will be able to command a great price.
Living Trends / Lifestyle – Be sure to take a look at the amenities and lifestyle nearby. Is there shopping available? How about restaurants and bars?
Upcoming Events / Developments – Business developments can have a huge effect on creating a property hotspot. From Sony and Barclays relocating offices to Basingstoke or Slough developing a huge trading estate, check to see if your location might benefit from increased property prices or higher tenant demand.
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