With property investment opportunities on the up in Essex, thanks to its excellent commuter towns being built, new villages, investment in main towns and the impending Cross Rail service, Balgores in Essex investigates how this will affect the property prices over the next decade.
Chelmsford lies on the A12 and the A414, within easy reach of seaside towns such as Southend-on-Sea. It’s also the ideal commuter town as London is just 40 minutes away by train and thirty minutes from Stansted Airport by car.
Chelmsford is a desirable location for commuters, couples and families because of its theatres, pubs, clubs, eateries and plenty of open space. Many of the schools are rated as Outstanding by Ofsted and there are plenty of activities to keep families entertained. There are two excellent shopping centres and a new shopping complex with the likes of John Lewis, Jack Wills and Cath Kidston.
There is a variety of accommodation available here, from flats and apartments to family houses and new builds. Beaulieu Park is currently undergoing a vibrant transformation of brand new houses and apartments, alongside investment into transport connections with a new railway station, schools and shops.
Located just over 30 miles from central London, Basildon is an ideal location for people looking to commute without the hustle and bustle of London life. Basildon is one of the newer towns that emerged after the Second World War but it’s an area that has continued to thrive and prosper, making it an attractive location for people looking to enter the buy to let market. With strong transport links to the capital and close towns around, it makes the area a great location for young professionals, families and couples.
Basildon has plenty of leisure centres and activity centres to keep everyone entertained. Festival Leisure is a large leisure destination with a cinema, bowling alley, bars, nightclubs and restaurants. Eastgate Shopping Centre has over 100 stores including big names like Debenhams, Superdry, Next and Topshop.
Basildon Council have plans for the next 20 years to revamp the town centre with £1 billion pounds. The plans include a new market, hotel, college and more than 1,500 homes.
Brentwood is located close to major road networks including the A12, connecting London and coastal towns, and the A127, a major road in London and Essex. Popular shopping destinations such as Thurrock, Lakeside and Bluewater are all within easy reach.
It is the ideal investment location because of its proximity to London, along with the arrival of Crossrail, which means that employment prospects are good for all kinds of vocations. It’s a popular area for professionals who work in the city, as well as families and couples. It makes a great escape location for commuters who want to get away from the hustle and bustle of the city.
The majority of the property prices in Brentwood are higher than the national average, but properties here are in high demand and are quick to sell. This is because of the great amenities and its direct links to London and the open countryside.
Brentwood is undergoing a number of improvements in preparation for the Elizabeth Line (Cross Rail) services, including platform extensions, new signage and trackwork improvement. House prices are set to rise in Brentwood because of the “Crossrail effect” as it’ll be a quicker journey into London.
There is no doubt that property prices in Essex will increase over the next decade. Better job prospects, rising wages and a more stable economy is set to incur a surge in house price growth, especially in the South East. It’s a good time to invest in Essex because of its many housing and job opportunities, alongside fantastic transportation links into the City.