With Crossrail set to close the gap between the South East’s suburban districts and the capital, more and more first-time buyers who previously set their hopes on owning a London home are becoming enticed by the idea of owning a property on the outskirts. Here’s why Slough is now emerging as one of their top choices.
Buying a first home is a huge step and a fantastic opportunity, however due to rising property prices, many now dread the prospect of moving, with only a few select locations circling the capital appealing to first-time buyers.
Currently, the average age of a first-time buyer in the UK is 38 – a huge leap from the 1980s when most people had bought their first home by their late 20s. The scariest part is that a report by insurance firm LV has found that the average age could rise to 41 by 2025!
Slough, located in Berkshire, only a 17 minute train ride away from London Paddington, is now one of the most desirable residential hotspots – coming in seventh place in the UK’s top first-time buyer locations. With a number of regeneration projects underway, Slough’s infrastructure, and consequently its reputation, is evolving as a destination where people want to live, work and play.
Once the Elizabeth line opens at Slough station, residents will be a mere 32-minute journey from West End destinations such as Bond Street; ideal for young professionals working in the city and social butterflies looking for a home within close reach of London’s most fashionable shopping and entertainment districts.
Attractive Property Prices
Slough - along with other areas surrounding London such as Luton and Reading - is currently seeing the fastest house price growth in the country, up 15.1% in the last year compared to 13.9% in London. Despite this, Slough’s average property price is still only around £228,602; a far cry from London’s average of £530,409.
First-time buyers struggling to save even for a deposit are finding that what they could spend on a run-down studio or one bedroom apartment in the capital could instead be put towards a new-build one or two bedroom apartment in Slough.
For more information about this popular Berkshire location, have a read of our article on why Slough is the next property hotspot.
Galliard’s new Slough development, Skyline, will be ideal for first-time buyers as it will be located just a five minute walk from the High Street and 11 minutes from Slough station.
Formerly a Fujitsu office building, the development will be transformed into a sensational offering of contemporary studio, one and two bedroom apartments – all exquisitely designed and equipped with high-tech facilities, including integrated kitchen appliances and video entryphone security, to enhance a comfortable lifestyle.
This fantastic office conversion will feature 120 expertly designed studio, one, two and three bedroom apartments that will ideally cater to 21st century living. Comprising energy-efficient recessed LED downlights and impressive fully-integrated kitchen appliances, this development will provide residents with the ultimate practicality. Each apartment at Atria will be designed with a generous open-plan layout, which will offer nothing but comfort and an inviting atmosphere.
Located within a 10 minute drive of Slough station, this development will be perfect for commuters. Purchasers at Atria will be subject to an unrivalled offer where they will receive a furniture pack free of charge, in addition to having Stamp Duty fees paid by Galliard Homes.