The Property Market in Slough
Slough, located to the east of London, is a part of Greater London and falls under the London commuter belt. As London's property prices have skyrocketed, Slough has become a popular destination for those who want to live near the capital but at a more affordable cost.
In recent years, the area has also become a preferred location for companies due to the escalating cost of commercial office space and business rates in London. Slough now boasts the highest concentration of UK headquarters of global companies outside of London.
Investing in Slough can be a lucrative opportunity, thanks to its thriving economy and an abundance of well-paid talent. Some of the most prominent multinational companies, such as Amazon, Mars UK, Blackberry, and 02, have their headquarters in Slough. The town's unemployment rate is a third of the national average, and salaries are among the highest in the UK.
The rental market in Slough is strong, with the average person being able to afford higher rents than almost anywhere else in the UK. As a landlord, it is important to consider the achievable rental values and ensure that the rental market is not oversaturated with properties. Slough ticks all these boxes, making it an ideal place to invest in apartments, flats, or properties.
Apart from the attractive investment opportunity, Slough is also a transport hub, with excellent connections to London and other parts of the UK. It takes just 20 minutes to reach Paddington Station in central London by train from Slough. From there, it's easy to access other parts of the UK and Europe. The M4 motorway, which connects Slough to towns such as Reading, Swindon, Bath, Bristol, and Cardiff, is also easily accessible. In addition, Heathrow Airport, one of the busiest international airports globally, is within a 10-minute drive of Slough.
If you're considering investing in flats or properties in Slough, you can benefit from affordable prices compared to London, strong yields, and excellent capital growth. With expected yields of 4-5%, Slough is an attractive proposition that shouldn't be overlooked.
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Slough’s average property prices, although still high, are an astonishing £250,000 lower than London’s £630,000.
Slough is about to receive an even bigger boost with the opening of the £14.8 billion Crossrail route.
It is a mere 20-minute train journey from Slough to Paddington Station in central London.
