Guide type: Property Investor
29th April 2016
Photo Credit: www.loveluton.org.uk
In fact, one of the UK’s most respected lettings and estate agents, Belvoir, has stated that Luton is in the top 15 of the country’s investment hotspots. This comes as no surprise as this town in Bedfordshire is going to be subjected to regeneration plans which are due to stimulate the reputation and desirability of the area. Luton is expecting to thrive with the promise of new employment prospects, improved high street and public facilities and all-round economic growth. First-time buyers should absolutely keep an eye on this area because they could seize the opportunity to live in one of the country’s most desired commuter hotspots and see their investment flourish.
Luton has seen promising growth over the last decade and it is predicted to continue soaring. Luton has accommodated the construction of approximately 650 new homes since 2010 and it has been estimated that over the next five years in Luton, property prices are going to increase by an impressive 41%. This prediction of the significant climb in house prices is directly related to the increasing demand to live in commuter towns on the outskirts of London. Therefore, as Luton is becoming a hotspot amongst commuters and investors, first-time buyers should seize the opportunity to buy in the area to reap the benefits of the growth in its property sector.
One of most important things that first-time buyers should be looking out for is whether or not the place they are considering investing in has sufficient job opportunities. This is an area in which Luton excels because it has one of the greatest rates for sustainable start-up businesses in the country. One of the main reasons for Luton’s high rate of start-up businesses is because it has excellent transport links and is in a superb location within a convenient commuting distance towards London.
The Leader of Luton Borough Council, Hazel Simmons, has high hopes for the growth of employment over the next few years; ‘Over the next 20 years, we have opportunities to create 18,000 jobs, with over 15,000 in the next 10 years...The framework will give a strong signal of our commitment to Luton’s future.’
Luton is prized for its exceptional transport facilities, as it is home to three train stations and the fourth largest London airport.
Luton railway station is conveniently served by the City Thameslink and is a popular choice of transport for commuters into the capital as King’s Cross St Pancras can be reached in as little as 25 minutes.
Luton has recently been granted improvements to its transport system, with plans to construct a new ‘Tube-style’ transport link into Central London that is said to be worth £200m. This monumental enhancement will bring even more interest to the area in terms of job and investment opportunities.
Luton’s inviting and charming atmosphere is ideal for families which as another appealing aspect that first-time buyers should take into consideration. Green space is one of Luton’s best assets, especially considering a large handful of parks in the area proudly hold a Green Flag Award. The majestic Dunstable Downs in only a short distance away and it is a vision of natural grace is the ideal place to go for a countryside escape to get some fresh air in your system. This expansive area of parkland is part of the National Trust and is ideal for all the family where you can pack a picnic, put on your walking shoes and fly those kites. If you are wanting to make your first investment as a first-time buyer as something for the long-term then look no further than Luton because it will guarantee an enviable family lifestyle.
Luton is also home to the University of Bedfordshire, which is an excellent education establishment within the Southern region of England; it has even been rated in the top 100 in the country by The Guardian’s University Guide of 2016. First-time buyers should take advantage of living in an area with highly-ranked education facilities because it suggests that the area will be well looked after and will boast economic promise and a welcoming atmosphere.
Transformed from a town centre office building by Galliard Homes, Carlton House will offer a superb selection of contemporary studios and one bedroom apartments. These will make the ideal starter home for those looking outside of the capital for affordable opportunities to get on the ladder, without compromising on comfort and convenience.
The development will be around 11 minutes’ drive from Luton’s mainline station, providing direct journeys into St Pancras International station in just 25 minutes.
Galliard Homes is determined to cater for the new-found high demand for living in commuter belts in the outskirts of London, which is why Galliard’s is proud to introduce The Landmark to the area of Luton. This excellent development is a first-time buyer’s dream as each apartment exudes luxury and comfort, while still being at an affordable price point. Residents will be in the perfect catchment area for commuting into London as Luton station will be a short 10 minute walk away.
The Landmark will also be nearby to Luton’s town centre, which is due to undergo major regeneration plans and is a great aspect for first-time buyers as they can benefit from the potential growth of the area.