Bracknell is fast becoming a major property investment hotspot. In fact, industry experts predict that it’s set to become one of the swiftest growing towns in the country over the next few years.
This increased demand will inevitably push property prices upwards. Here’s more information.
The town’s population is rapidly expanding, and it’s anticipated that it’ll rise by 17.5% in the next 20 years. This boost in popularity has already started to affect the property prices. The average value of a house has risen by a whopping 249% in the last two decades, and it’s grown by 28% in the last five years.
As such, it makes sense to invest sooner rather than later, before the prices increase further. Bracknell is predicted to offer excellent profits from capital growth, and it’s worthwhile cashing in on the opportunities available.
It’s becoming a hub for business
Companies of all sizes are waking up to Bracknell’s potential, and relocating here. It’s perfectly situated for reaching Central London (with trains taking around an hour to Waterloo), and offers easy access to the rest of the South-East and beyond, via the M3 and M4. Even Heathrow Airport is just half an hour’s journey away.
As a result, unemployment levels are remarkably low (just 2.5% of the population), as there are plenty of jobs to go around. This also brings more people to the area, which in turn, drives the property prices upwards.
Regeneration has been going on in Bracknell since 2011. As part of the transformation, the town has gained a redeveloped retail area (The Lexicon) and a £6million Waitrose store, among other things. The Deck, an exciting new zone dedicated to eating and shopping, is also in the pipeline.
This has already had an effect on the property market, and we suspect it’ll continue to do so in the future.
It’s currently affordable
Bracknell has some seriously spacious properties, at highly affordable prices. This is something that homebuyers of all ages are starting to notice; they can get a lot more home for their money, without losing proximity to Central London.
At the time of writing, Bracknell is a far more affordable location than other neighbouring towns, such as Ascot or Reading. An average good-sized property costs £384,849, which is incredibly reasonable, given the local amenities and transport links on offer. This budget-friendly price-tag hasn’t escaped the attention of investors.
Most experts agree that Bracknell is on the cusp of major change, with increasing numbers of people seeking to call it their home. The past few years have demonstrated just how desirable the town is becoming, and this trend is likely to continue.
As with any location experiencing a surge in popularity, it’s wise to invest while property prices are still affordable. This enables homebuyers to enjoy good returns from capital growth if they wish to sell in the future.