Key Stats 2-Bed Apartments
Key tenant demand for premium 2-bed apartments.
of landlords would rather let to couples that rent.
Couples aged 25-49
make up the largest proportion of private renters.
Why invest in a new 2-bed apartment near Reading?
2-bed apartments are one of the most popular property investment assets in the world – always in demand due to the space and flexibility they can provide. In a market where tenants are always looking for more space, developers have increasingly prioritised 2-bed units in developments, designed to attract young professionals and couples moving to these prime investment locations.
Bracknell is a relatively up-and-coming market that is buoyed by a historically strong UK tech foundation. As one of the cornerstones of the ‘UK Silicon Valley’ and a key town in the Thames Valley, it can deliver world-class employment opportunities in the technology sector from the likes of Dell, HP and Honda as well as unprecedented accessibility to the capital.
A quality product attracts a quality tenant and 2-bed apartments are a staple of this ‘quality’ concept. Ideally suited to delivering long-term, consistent yields, a 2-bed apartment in an emerging market such as Bracknell can offer affordability and huge potential, especially if it has surrounding amenities for residents.
Generational Tenant Demand
The rise of ‘Generation Rent’ continues, with renters expected to outnumber homeowners by 2039. Tenants want to maximise space and affordability without giving up living in the heart of the action – whether it’s a prime city-centre location or just a short commute. It’s this flexibility that is a key contributor to increased demand. Tenants don’t mind paying more either – according to Homes and Property – 2-bedroom properties are more likely to attract tenants despite rents being higher.
Bracknell is one of these prime locations. With a population set to increase to 141,000 by 2039, it’s facing the same housing undersupply that is plaguing the wider market with only 6,000 new homes built in the last 18 years. This demand isn’t just driven by employment opportunities. Bracknell has world-class links with top destinations in the South East. Reading is 22 minutes away and offers 500,000 jobs, while London Paddington and Heathrow Airport can both be accessed in under an hour. Bracknell is incredibly well-connected and a key commuter destination in the region.
Also consider the two most common tenant demographics choosing 2-bed apartments – professional sharers and couples. According to the English Private Landlord Survey, couples aged 25 – 49 make up the largest proportion of private renters, demonstrating the appetite for quality 2-bed apartments. With half of these couples expecting to still be renting in three years time, this isn’t a short-term phase either. Many tenants are now looking to play the long-game and rent indefinitely.
Property Performance in Bracknell
In research by Zoopla, 2-bedroom apartments are recognised as the optimal property for maximising rental yields with an average yield of 5.40%. 2-bedroom apartments beat all of the competition, leading the next asset type by nearly 0.50% and racing ahead of 2-bedroom houses which earn on average 4.80%.
For investors, it’s easy to see that the ideal Buy-to-Let property is a 2-bedroom apartment in a premium location – providing a new generation of renters with a spacious home surrounded by everything they’d need in day-to-day life. Bracknell is one of these prime locations and properties in the town have witnessed 17% growth over the past five years. The average rental yield of a 2-bed apartment in Bracknell is 4.6% – exactly the same as a 1-bed apartment – a clear opportunity to get more for your money.
The Grand Exchange Bracknell – Luxury 2 Bed Apartments
Featured Luxury 2 Bed Apartments in Bracknell
- Studios, 1 and 2 bedroom apartments
- Resident-only double height “Garden Room” lounge
- Resident-only concierge app with exclusive access offers
- Iconic destination entrance lobby with 24-hour concierge
- New York loft-style collaborative co-working space
- Exclusive resident-only facilities including The Lexicon Club – a private, dining room and entertaining space
- Secure, gated private parking
Recommended by PurpleBricks and advised that SevenCapital are brilliant. Loved the way SevenCapital have delivered a personal experience digitally plus an amazing evening event in London.
I recently completed on my apartment at Fabrick Square and it let straight away with a net yield greater than 7% , which is better than I expected. The team were very honest and accommodating throughout the whole process so my experience was great, and I have since reserved a further two apartments in another development. I would recommend SevenCapital.