Reading is becoming a hotspot for young professionals and families

 

Reading is a key London commuter town, and with the latest regeneration and investment taking place there, it’s set to become an even more appealing place to invest.

With its close proximity to London but boasting more affordable property prices, Reading is proving to be especially appealing for young professionals and families.

New research by credit experts TotallyMoney revealed residents of Reading have the highest take-home salary out of all UK cities with £2,364.68. This is one of the reasons it’s been named the third best city in the UK for single young professionals.

A significant amount of housing and development is under construction near Reading train station, which is likely to be especially attractive for London-based workers as Crossrail will make Reading an even more commuter-friendly town. Once Crossrail fully opens in 2021, six trains with direct services to the West End, the City and docklands will pass through Reading every hour.

In addition to its close proximity to London, Reading itself is a commercial and business centre in its own right. The town has a leading tech hub and is even dubbed the “Silicon Valley of the UK” with a tech density eight times that of the rest of the UK. The city is home to numerous multi-national businesses, such as Microsoft, Huawei, Cisco, Intel, Oracle and Ericsson.

Top UK city to raise a family in

Reading has also recently been named the best city in the UK to raise a family, according to the recent study by TotallyMoney. The southern town is considered the safest in the UK with only 4.68 crimes per 1,000 people in a month. There are also a range of excellent rated schools with 88% of schools in Reading rated outstanding and good by Ofsted.

The average house price is £305,744 in Reading, which provides much more affordable options than the capital. From new developments to period properties, large flats to houses, there are a range of property types and property investment opportunities in the town centre.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

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From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

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Reading train station

Reading is becoming a hotspot for young professionals and families

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