Friday 21 April 2023
Are you a property investor looking for the next great location to invest in? Look no further than Swindon. Although often overlooked, the UK town of Swindon has many opportunities for investors, from its thriving property market and potential returns to its transport links and exciting regeneration projects.
This blog will provide insight into what makes Swindon such an attractive place for property investors.
Here are 7 reasons to invest in Swindon:
1. Booming Economy
According to the government, Swindon has one of the best-performing economies in the UK. When it comes to the rate of productivity per worker, Swindon is now ranked 7th in Britain up 3 places from last year due to its highly skilled workforce and rapid population growth.
In addition, Swindon Borough Council actively encourages business growth by providing dedicated teams that focus on developing inward investments with more than 600 ambassadors endorsing the area to live, work and invest.
2. Thriving Property Market
According to PropertyData, the average price for a property in Swindon has increased +24% in the past 5 years, showing strong capital growth! Rightmove reports the average asking price for property in Swindon is currently £282,839.
The average rental price for a property in Swindon is currently £1,207pcm.
3. Affordable Housing
The cost of buying property here is still relatively lower than the national average which can provide potential investors with higher returns on their investments than what they would get from markets elsewhere.
‘1,700 new homes are being built per year until 2026’ to meet the high demand levels.
4. Exciting Regeneration Projects
In terms of regeneration, over half a billion pounds is being spent to regenerate Swindon Town Centre to improve transportation links, public areas, and bring new businesses and investments into the town centre. The Town Centre Masterplan specifies the major projects that will improve Swindon's town centre. This includes the regeneration of the town's historic Railway Heritage Quarter, the railway station and surrounding local areas.
5. Growing Job Opportunities
Interest continues to grow within industries such as engineering, aerospace, pharmaceuticals, technology, and financial services; all these add up together and contribute towards creating more employment possibilities and a stronger economy. An additional 1.9 million people reside within an hour's drive of Swindon, significantly increasing the workforce.
6. Ideal Investor Location & Excellent Transport Links
Swindon, a large town in Wiltshire, England is located within 1 hour of London. It's connected to the capital by road and rail networks making it an ideal location for commuters who wish to reside outside of London while still having easy access when needed.
When looking at transport links from Swindon there are plenty of options available for those travelling both locally within Wiltshire or to further locations by bus or train. For those driving, there are two junctions on the M4 providing convenient routes out of Swindon when needed, including direct access to Bristol’s city centre.
7. Low Crime Rates
In addition, compared with similar-sized towns in the UK its crime rate stands out as one of the lowest; this makes it an ideal area if you’re concerned about safety when purchasing properties.
With direct access to London via rail, major transport links such as the M4 motorway network and regeneration projects taking place in various areas around the town - it's easy to see why property investment in Swindon has become increasingly attractive.
We have a fantastic property investment opportunity in Swindon Town Centre, which offers investors completed & already tenanted modern apartments providing gross yields up to 6.48%, peppercorn ground rent and annual rental income up to £11,700!
Prices from £178,125 - Limited units remaining!
Get in touch for more details:
- info@ereproperty.com
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- UK | +44 (0) 113 380 8930