A prime investment suburb, Essex has a winning combination of the desirable key features required for a thriving residential market, and, as a result, has a lot of potential for those looking for a profitable venture. These desirable factors include location, transport, infrastructure and development.
Essex is a county in England, north-east of London, bordering the counties of Suffolk, Cambridgeshire, Hertfordshire, Kent (across the estuary of the River Thames), and London. As well as upcoming Crossrail plans at Brentwood and Shenfield, Essex is also home to Lakeside Shopping Centre, London Stansted Airport and the new towns of Basildon and Harlow.
According to the Sustainable Economic Growth for Essex and Businesses report commissioned by Essex County Council, the population of Essex is forecasted to grow by 71,000 up to 2021. In order to sustain the County’s growth, the Council will be heavily focusing on supporting the area’s economic prosperity, diversifying its economic base and securing growth in key opportunity sectors.
Another attractive facet of the investment appeal of Essex, is its strong educational links to several establishments including, the University of Essex in Colchester and Anglia Ruskin University in Chelmsford.
Advanced Transport Infrastructure
Essex has the benefit of an advanced transport infrastructure, with direct access to the UK motorway network via the M25 – London’s orbital motorway – and the M11. Known as the UK’s Multimodal Gateway, Essex boasts access to four international deep sea ports, six rail freight terminals and the UK’s third largest cargo airport (London Stansted). International travel is easily accessible with six London airports within 1.15 hours drive time (including Heathrow Airport).
Due to its close proximity to London, Essex is already a convenient hotspot for commuters and its rail connections are already the quickest into the City compared to the other Home Counties. The arrival of Crossrail in 2017 to Brentwood and Shenfield will further enhance the area’s connectivity. Commuters will have the benefit of 12 trains per hour to and from Central London, as well as a direct route to West London and Heathrow Airport from 2019.
JLL report that on average residential prices around Crossrail stations will see a 7% greater uplift compared to non-Crossrail stations, and some locations are expected to see an even larger property price growth at 16% above the Greater London average by the end of 2020. JLL predict that from 2016 to 2020, outer locations such as Shenfield in Essex will see the highest growth at a rate of 38%.
Multiple Business Connections
With an exceptional combination of location benefits and a diverse range of business parks, Essex provides access to both UK and international markets, and as such is the global powerhouse of the East of England. Situated just 30 minutes from the City of London, businesses can easily integrate with one of London’s leading financial hubs.
Essex lies at the centre of the London-Stansted-Cambridge Consortium innovation corridor; a diverse range of global businesses in digital technology, bio-medical, logistics, advance manufacturing and low-carbon industries. With direct access to Europe’s best research universities, the Consortium is competitive and thriving, offering a stable economy and ongoing employment potential, thus providing a robust foundation for investors.
As outlined by Essex County Council in the Sustainable Economic Growth for Essex and Businesses report, it is essential to maintain and secure the resilience of the area’s long-term economic growth. Working with key partners, the Council will be ensuring that strategic measures are taken to ensure the longevity of this growth by further improving the sustainability of numerous factors, particularly employment and housing.
Property Availability in Essex
Essex House in Brentwood will be a converted, modern development featuring a variety of studio and one bedroom apartments, all boasting contemporary and stylish interiors. Residents will be ideally situated within close proximity of local amenities along the high street as well as Brentwood station, which is only a four minute walk away. All apartments at Essex House will come fully-furnished (at no extra charge) and buyers will be able to choose from one of two complimentary offers – either one year’s service charge break or one year’s letting and management fees paid for.
Located in Chelmsford, the capital of Essex, Rosebery House will reflect Galliard Homes' sophisticated flair. This development will be a convenient 10 minute walk to Chelmsford station, where journeys into London Liverpool Street take approximately 35 minutes. In addition to boasting proximity to exceptional transport links, Rosebery House will also be moments away from excellent retail and entertainment facilities the city centre has to offer. Galliard Homes is offering apartments in this development with full furnishings, which will cater to luxurious and contemporary living.