£14.8 billion Crossrail route, Slough property investment is an attractive proposition for investors interested in off-plan property as well as tenants and commuters.
£7.5billion turnover and is home to the highest concentration of global corporate headquarters outside London
Slough is located under 10 miles from Heathrow Airport, providing incredibly quick access for regular international travellers.
Property within a mile of a Crossrail station has seen price increases of nearly 66%
Why Invest In Slough Property? 7 Stats You Need to Know.
Triple AAA Location – Crossrail Development
Located in a prime spot along the new £14.8 billion Crossrail route, Slough property investment is an attractive proposition for investors interested in off-plan property as well as targeting the commuter demographic.
Crossrail is a new high frequency, high capacity railway that will create a ‘door to door’ connection to key locations across the heart of London, including Heathrow, the West End, the City and Canary Wharf. Speeding up journey times in and out of the Capital, Crossrail will result in an extra 1.5 million people being within 45 minutes of central London, including Slough. Crossrail will have a transformational impact on this already desirable location. The full service will be running by 2019.
With nearly 16,000 professional jobs within the area and over 48,000 workers commuting from Slough to places such as Heathrow and London, the town is set to experience unprecedented tenant-demand. Offering an ideal location to live in an affordable rental bracket for the majority of tenants, compared to London prices, Slough is forecasting as a great buy-to-let property opportunity.
Slough is currently experiencing the benefits of investment thanks to the £450m ‘Heart of Slough’ regeneration programme – a 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, a £22 million learning and cultural centre, the Curve, opened in September 2016 providing a library, arts and performance space, café, museum and dedicated learning space.
Thanks to the vision of the programme, the town is emerging as the perfect place to live, work and play. So much so that Slough was recently named ‘best place to live and work 2017’ by Glassdoor, proving its worth as a town on the rise.
Town of opportunity
Slough has a long-standing reputation for excellent employment opportunities. This thriving town has a £7.5billion turnover and is home to the highest concentration of global corporate headquarters outside London, including O2 Telefonica, Amazon and Mars.
Currently home to around 82,000 jobs and over 5,480 businesses, Slough is listed as 3rd most promising region in Europe for infrastructure in FDi Intelligence’s ‘European Cities & Regions of the Future’ report. It’s also a booming business community in the heart of the M4 ‘tech corridor’ making it perfect for those looking to work close to home and London commuters alike.
Slough was named the best place to live and work in 2017 and 2018* (*Source, Glassdoor)
Slough is located under 10 miles of Heathrow Airport providing incredibly quick access for regular international travelers. Slough is also benefiting from the Western Rail development scheduled for completion 2021 which will offer quicker access from Slough to Heathrow. Currently rail travel time is just a 23 minute ride to T3 and a short drive of less than 15 minutes.
Slough property forecasts are showing huge property price growth, reaching as high as 35% by 2020. With average property prices sitting at £393,439 and set to hit £570,486 if predicted growth is realised, now is a great time to consider buying off-plan property in Slough.
Slough to London Travel Time
- Train: Canary Wharf – 46 minutes
- Train: Liverpool St – 39 minutes
- Train: Bond Street – 32 minutes
Why Invest in Slough Buy-to-Let Property in 2020?
As the London Commuter Belt continues to benefit from declining prices in the London market, we’re seeing Commuter Towns generate incredible levels of tenant demand amidst rising property prices.
One of the most established towns in the London Commuter Belt, Slough is a commercial powerhouse at the heart of a localised economy worth around £9 billion. Thanks to improved transport links, a £1.5 billion regeneration project beginning to take shape throughout the town and a relatively affordable market when compared to London, Slough is a true property investment hotspot.
2019 Slough vs London Price Comparison
There’s no doubt that London is recognised as having a high-cost of living when compared to the rest of the UK, and in this London vs Slough price comparison, we discover how looking outside the capital can present a very attractive alternative.
Slough Property Price Forecast 2020
Slough’s position as a regeneration hotspot and commuter destination has contributed to an above-average rental performance against its peers in the South East. With a redevelopment plan worth over £3 billion, a rapidly rising population and an average property price of £379,254 compared to London’s £628,416, Slough can currently deliver rental yields between 4% and 5% according to TotallyMoney, putting it ahead of the UK average (3.53%)
Property in Slough has also seen better growth when compared to London – 19% versus 12% over the last five years. This is only set to improve with the introduction of major projects such as Crossrail – Slough and the wider South-East is currently predicting a 14.8% increase in property price growth and an 11.5% increase in rental prices by 2024.