Why Invest in a 1-Bed Apartment in Slough?
When it comes to investing in property, location and property type are the key contributors to success you need to be considering. With the potential to support tenant demand from a range of demographics, as well as always being popular due to their affordability, 1-bed apartments are a common choice for investors.
Although every property type has its strengths and drawbacks, 1-bed apartments are becoming popular in Slough with the young professionals flocking to the town. Home to the headquarters of a number of global businesses, Slough is a commercial hotspot with plenty to offer.
This means a 1-bedroom Buy-to-Let property in the town centre has an incredible amount of potential going forward. With many young professionals and graduates looking for affordable, premium living, these types of properties can ensure consistent returns and mitigate void periods over the long-term.
Slough, London Commuter-Belt
Invest at Crossrail’s Premier Development
- 100m from Slough Station – serving 30,900 London commuters
- 14.8% property price increase expected by 2024
- 11.5% rental price increase expected by 2024
- Wider £3 billion regeneration plan
- Anticipated completion date Q4 2020
1-bed apartments are often popular with Buy-to-Let investors because they represent a more affordable entry point into the property market, especially when combined with 2-bed apartments and penthouses. That said, provided the 1-bed apartment is in a prime area, they can still provide exceptional capital appreciation and strong rental yields.
While the average rental yield in Slough is currently sitting at 3.95% – surpassing the UK average of 3.53% – 1-bed apartments are reaching 4.16%. With 1-bed houses averaging a rental yield of just 3.15%, this highlights both the importance of exploring your options and the potential of Buy-to-Let property investment opportunities in Slough.
Not only do 1-bed apartments offer more competitive rental yields, but this property type also provides more accessible prices than houses.
Slough Tenant Demand
It’s expected that by 2039, renters will outnumber homeowners as younger buyers become part of ‘Generation Rent’. Prioritising flexibility, space and nearby opportunities, this new wave of tenants want to be as close to the action as possible.
Slough meets all of these demands. The world-class transport links it can provide means London is never too far away, while an affordable local market undergoing huge regeneration projects means that prime town-centre property has the potential to deliver incredible returns. Transformational infrastructure projects such as Crossrail are vastly improving accessibility, guaranteeing that London commuters will be able to work in the city and enjoy the benefits of more affordable living in Slough.
New 1 Bed Apartments For Sale in Slough
Slough is currently experiencing the benefits of investment thanks to the ‘Heart of Slough’ regeneration programmes – a long-term vision for Slough that includes improved leisure facilities and increased commercial space.
On track to create 5,000 jobs and due to complete between 2021 and 2022, the programme is just one example of inwards investment helping create demand, ideal for key investors that are looking to buy Off the Plan property.
Well underway already, the ‘Heart of Slough’ masterplan has supported new developments such as The Centre, The Curve, Crossrail, the Ice Arena and more – creating the amenities that residents and tenants are looking for.