Paddington House is a new buy to let investment in Slough.
Paddington House is a high-spec development based in Slough, a town just 18 minutes travel time from Paddington in London. Its quality finish and boutique style are completely new concepts for Slough and will appeal to its growing professional resident, and it is home to 5480 executive directors. Currently, 30,000 people commute from Slough to London per day and this number is set to increase with the introduction of Crossrail. They will require accommodation and Paddington House is perfectly placed to provide it.
Paddington House Slough Buy to Let Investment Fundamentals
Why invest in Slough?
Some may recognise Slough from British sitcom The Office, but with improving transport links and house price growth outstripping London, it will soon be known for much more than a comedy show.
Slough is just 18 minutes from Paddington station but with the arrival of Crossrail more areas in London will be easily accessible. Once the line is complete journey times to Canary Wharf will be reduced by 24 minutes and this will make it attractive to more commuters.
The average property price in Slough is £349,547 compared to London’s £618,829. It makes sense that many would choose to lay down roots in Slough to get better value for money. Slough is not just an attractive place for London workers to buy property. It’s also an attractive place to work. In 2017 Slough beat places such as Cambridge and Manchester to be crowned the best place to live and work in the UK. It was measured against criteria such as employment rates, employee happiness and wages. Head offices in Slough include Mars and O2.
The decent salaries those working in Slough make means they can pay rents and eventually buy. This allows investors to achieve good occupancy levels and capital uplift when people come to buy. Slough’s property prices have risen by 53% since 2013 but there is still scope for more due to Crossrail and a £1 billion, 15-year regeneration project which commenced in 2012.