Is Slough Property a Good Investment?
Estimated reading time 4 minutes
If you currently find yourself looking at Slough as a potential town to invest in, then look no further. In this article, we’ll discuss everything you need to know to help you understand what makes Slough a good place to invest in property.
Property value in Slough
The best place to start when it comes to understanding whether or not to invest in property is to take a look at the numbers. At the time of writing, the current average asking price for property in Slough stands at £423,066.
For comparison, the most recent data for the average house price in the UK is £281,913. Although Slough is significantly more expensive than the UK average, there are plenty of reasons to invest in this town.
Property prices by type
Let’s take a look at the different property types to see their average asking prices in Slough:
- Flat £260,530
- Terraced £492,187
- Semi-detached £550,745
- Detached £932,233
It’s clear to see that terraced and semi-detached houses contribute significantly to the overall property price in Slough. This is because there is a higher quantity of these types of houses available, and many families settle there due to work prospects and transport links to London. Interestingly, flats have a similar asking price to the UK average, so although the overall average price in Slough may be higher than the rest of the UK, there are still cheaper options for potential investors; not to mention that Slough is significantly cheaper than London itself.
What is the rental market like?
The majority of investors looking to purchase property in Slough will be most interested in the expected rental yields. With that considered, here are the current property rent asking prices in Slough by type:
- Room £727 pcm
- Flat £1,815 pcm
- House £2,781 pcm
As it stands, the average rent in the UK is £1,319, significantly lower than in Slough. This is good news for investors, and these values are only set to increase over the coming years. Based on Zoopla’s latest data, the average property in Slough is expected to generate yields of up to 6.09%.
What are the advantages of investing in Slough?
There are many reasons why Slough is a great place to invest. Here are some of the top reasons investors are choosing to enter the Slough property market:
Regeneration projects
With projects such as the Slough Urban Renewal Project underway, the quality of life has improved for residents and made the town a more attractive investment opportunity. Major landmarks have been rejuvenated and developed, with the Curve Library completed in 2016. The Slough Northern Extension will also see the creation of 10,000 new houses.
Employment opportunities
With huge businesses such as Mars UK, Amazon and O2 all making Slough their home, there are plenty of employment opportunities in the town. Slough Trading Estate is the biggest business park in Europe, and has the largest concentration of global corporate headquarters outside of London.
Location
Slough’s proximity to London already makes the town a great place to invest, but with the new Crossrail route, transportation links from the town have vastly improved. Train services to London and Heathrow Airport make the town a highly desirable place to live. Properties within a close radius of the new Crossrail route are valued 17% higher than the wider area.
Get cash for your home today
If you find yourself in the position of owning a buy-to-let property and are looking to sell, SellHouseFast.co.uk can help. We buy any house, and offer a quick and efficient method of selling properties throughout Slough and beyond, regardless of the condition or location of the property. If you need to sell a tenanted property, get in touch to receive your free cash offer and you could have the cash in your account extremely quickly.
