According to recent research*, Reading in Berkshire and Kidlington in Oxfordshire are in the top five locations for buy-to-let investment.
With local Chancellors branches in both of these areas we can give a number of reasons to explain why these locations are such magnets for the property investor.
Why Reading?
Reading is the highest ranking city in the Good Growth for Cities Index published by professional services firm PwC and think tank Demos. The index measures the performance of the UK’s largest cities against ten categories defined by the public and business as key to economic wellbeing. Jobs, health, income and skills are deemed to be most important closely followed by housing, transport, sector balance, income distribution, work-life balance and environment.
Reading is less than 30 minutes from London by train, but two and three bedroom properties can start at just £200,000 and £550,000 will get you a five bedroom house. As Reading is in the top 1% of the world’s universities according to The Times Higher Education World University Rankings 2013-14, the student buy-to-let market is in high demand. As a focal point for the hi-tech industry, Reading also has a transient working population and together with its wealth of amenities and top performing schools it has become a popular place to live.
Contact our estate agency team in Reading for any queries you might have around buying, selling, renting and letting in Reading.
Why Kidlington?
As an alternative to the higher priced property in neighbouring Oxford, smart investors are heading to Kidlington, a large historical village five miles north of the city and just over seven miles south west of Bicester.
Next summer the village will gain a new train station which will provide services to both London Marylebone and Paddington. Great for commuters, this new rail link may increase the demand for property in the area. Buying a property now may lead to an increase in capital value once the new transport links are in place. Find out more about the new rail link in our blog article ‘New Oxford to London Rail Link Given the Green Light’.
Now you can a get a two bedroom property for £200,000-250,000 compared to £500,000 for a similar property in north Oxford.
Contact our estate agency team in Kidlington to talk about your property search. Alternatively, browse our online listing of property for sale.
Our Investment Portfolio Service
Whether you are buying your first investment property or are already a landlord looking to expand your property portfolio, Chancellors can help. We’ve packaged our ethical services for landlords into one complete solution allowing investors to follow a series of simple steps to plan their investment. Find out more about Chancellors’ Investment Portfolio service.
*Source: The Buying Agents, Carter Jonas
Correct at time of publication. The views and opinions expressed herein are those of the individual contributor and do not necessarily reflect those of the Chancellors Group of Estate Agents Ltd or its subsidiaries. References to legislation, best practice and other matters with legal implications such as fees, rules and processes are included for information and editorial purposes only and are not authoritative, nor should they be interpreted as advice. When in doubt you should only take advice from an industry professional or solicitor where appropriate. E&OE.
