Is Bedford a Property Hotspot?
by Vernon Pethard
December 5th, 2017
Here are just a few reasons why it’s a good idea to invest in Bedford at present.
Bedford – A Town to Invest in
Rising house prices.
In just five years, house prices in Bedford have risen significantly, almost double the rate of growth compared to the national average. This astonishing increase has been fuelled by many factors, but the most significant is the sheer volume of Londoners moving out of the expensive capital, and into locations within commuting distance. The train from Bedford to London St Pancras takes just 38 minutes, a fact that many city workers want to capitalise on, and it looks likely that prices will continue climbing in the future.
There are big plans in the pipeline for regenerating Bedford’s town centre, particularly the Harpur Shopping Centre. The current owners have announced that they’ll be investing £5 million into increasing the size of the retail zone, in a bid to attract more national brands. Improvements will also be made to public areas around Midland Road and Horne Lane. These redevelopment plans are likely to impact property prices, making it worthwhile to invest sooner rather than later.
Excellent attractions / amenities.
There’s a phenomenal amount to see and do around Bedford, which attracts homebuyers and tenants of all ages. Some of the best attractions include Priory Country Park, Harrold-Odell Country Park, Subtropical Swimming Paradise and the John Bunyan Meeting House and Museum.
Great range of property.
Another major advantage to Bedford is the sheer range of housing on the market, from period properties to new build developments. Even large Victorian detached villas won’t break the budget, and terraced Edwardian houses are very reasonably priced. If you’re looking for a long-term investment, the riverside houses are likely to remain desirable for years to come, though you can expect to pay slightly more. It’s a perfect location for homebuyers, plus all investors, regardless of the size of your budget.
High quality education.
Bedford is home to the University of Bedfordshire, which is great news for investors looking to rent to students. Families will be attracted by the range of great primary and secondary schools, such as St Thomas More Catholic School (rated Outstanding in its recent Ofsted results), Lincroft Middle School (also rated Outstanding), and Castle Lower School (another Outstanding!).
When to Start Your Search?
Bedford has already been identified as an area on the up, by homebuyers and property investors alike. As such, property prices are likely to continue rising – making it a wise move to invest soon, and capitalise of the capital growth opportunities.