Skip to content

Slough Property Market 2024 Report

Explore the latest data for the Slough property market 2024 in our new guide to Slough property prices. Read more!

    All About the Slough Property Market

    When you think of property investment, the Berkshire town of Slough probably doesn’t come to mind.

    After all, thanks to the comedic efforts of Ricky Gervais in The Office, Slough has built up a dismal reputation of being drab, dull, and boring.

    Dig a little below the surface, though, and you will find what could be the next best property market in the UK. Seriously.

    The town has undergone essential regeneration over the past five years, with flocks of businesses and professionals moving to the area.

    Situated ideally in the London commuter belt, Slough boasts London opportunities but without the London prices.

    If you’re serious about property investment and want to get ahead of the curve, the Slough property market is something you should be taking a closer look at.

    This report will cover the Slough property market in-depth, including average Slough house prices, a Slough property market forecast, regeneration initiatives like Slough Crossrail, employment opportunities, and more.

    This is the ultimate guide to the Slough property market in 2024.

    If you want to invest in Slough, be sure to fill in your details on this page and talk to our property specialists today to uncover all your options.

    £30,000 Discount and FREE Furniture on Manchester 2-Bed

    Just over £40k required to exchange with flexible payment plans on offer. Approaching completion now! Owner occupiers welcome.

      Question mark on a wooden house. Cost estimate. Solving housing problems, deciding to buy or rent real estate. Search for options, choice of type of residential buildings. Property valuation

      House Prices in Slough 2024

      As of March 2023, Slough house prices are around £320,969 on average, according to the latest from the House Price Index.

      This is a 5.57% growth compared to the same period in 2022.

      This may seem relatively high, especially comparing it with other buy to let hotspots like Liverpool and Manchester, where average property prices fall below £250k.

      During the same period, the average UK property currently sat at a record high of £285,009, according to the House Price Index, meaning Slough is higher than that too.

      However, in context, Slough house prices offer some of the best property value due to its proximity to the capital.

      You can typically expect to pay a premium when purchasing a property in South East locations, but this value gets even higher when located near London.

      Slough has the best connectivity in the South East, with access to London and Heathrow in a matter of minutes.

      This makes the town and the price of property even greater.

      Slough offers fantastic value, especially when comparing it to London property, with average values of nearly £1 million.

      Due to Slough’s position and appeal for workers, anything significantly below London’s average property price could be considered an outstanding deal.

      Secure the Discount Today

      This luxury 2-bed apartment is located 5 minutes from Deansgate and comes with a free luxury furniture pack.

      Question mark on a wooden house. Cost estimate. Solving housing problems, deciding to buy or rent real estate. Search for options, choice of type of residential buildings. Property valuation

      Rental Market Slough 2024

      As it stands, the average rent is around £1,963, according to home.co.uk.

      This is higher than the UK average calculated by Homelet, which sits at about £1,213.

      While this is good news for investor pockets, these values are only set to increase over the coming years.

      These excellent property values and sizable rental costs paint a perfect picture for rental yield.

      Rental yield is often considered the most crucial aspect of property investment.

      It calculates how much money you earn as a percentage of your initial investment through rental income.

      Based on Zoopla’s 2023 data, you can expect the average property in Slough to generate yields of up to 6.09%.

      These yields get even higher depending on what type of property you buy. For instance, one-bedroom flats will generate sizeable rental returns of 5.2%.

      While this may concern you, it’s essential to view these statistics in context.

      Firstly, South-East locations often command a premium price. This is especially true when you consider proximity to London.

      Property in Slough is uniquely placed as perhaps the definitive commuter town in the region. The town was voted the second-best location in all of Europe for connectivity.

      This accolade is demonstrated by the fact that Slough can reach Central London and Heathrow in just 18 minutes.

      Secondly, Slough rental yields are superior to nearby locations in Berkshire.

      As you can see from the graph, house prices in the region have continued to increase over the year. The latest data from February shows that rental figures in the area are now £1087, which is 7.7% higher than the year prior.

      This trend is likely to continue over the coming years, which is good news for property investors in Slough.

      Now that we know the current market rates, let’s look at what happened to Slough house prices over 2020.

      Townhouse Investment Property in Liverpool City Centre

      Earn £17,397 assured NET rental income on this south-facing central townhouse property.

      Question mark on a wooden house. Cost estimate. Solving housing problems, deciding to buy or rent real estate. Search for options, choice of type of residential buildings. Property valuation

      Slough House Prices 2020

      Despite a hurricane of a year that decimated so many lives and livelihoods, the property market experienced some massive growth levels.

      These levels were at direct odds with what many experts believed would happen.

      Doom and gloom were certainly on the cards when the first UK lockdown was implemented. However, the market saw an unprecedented uplift as restrictions on property were eased in May 2020.

      As you can see from the graph, there was a strong upturn in Slough property investment come May, with a striking 7.51% increase by October 2020.

      Prices did slip slightly to the end of the year, perhaps as the market settled down, but prices were still up over January by a considerable 2.7%.

      While the dip may not be attractive on the surface, December 2020 was 3.75% higher than the year prior.

      So, why did this growth occur while many experts anticipated cataclysm?

      Through government activity and personal changes amongst residents, levels of interest in property remained high and increased by around 40% post-lockdown.

      Only £30,000 Deposit Required

      15% deposit secured for next 10 units only!

        Question mark on a wooden house. Cost estimate. Solving housing problems, deciding to buy or rent real estate. Search for options, choice of type of residential buildings. Property valuation

        Changing Habits After Lockdown

        When analysing the property market, many experts forgot to consider how tenants would change post-lockdown in a context other than money.

        While financial implications were certainly felt amongst homeowners and tenants, the most surprising change was how people started to think about their home.

        Research from leading experts like Rightmove and Benham and Reeves found that there had been a consistent change amongst residents in what they want out of a property.

        According to Rightmove’s study, around 37% of residents now want space to work from home. In a similar vein to this, 35% want faster broadband speeds to cope with the working from home life, while 31% want a garden.

        Similar results were found by Benham and Reeves. The estate agent ranked the top 10 tenant priorities and compared them to results from previous years. These results were quite surprising.

        As you can see, the most significant changes were for outside space and a nearby park, jumping from 7th and 9th to 2nd and 3rd.

        Excellent transport links fell from the top spot to 1st, while private gyms dropped from 6th to 10th.

        This data is crucial to consider as a property investor. It’s vital these facilities, or most of them, are provided to tenants; otherwise, you could face little interest in your property.

        Foreign Investment in the UK 2023/24

        Based overseas? This is the perfect guide for property investors looking to buy property in the UK.

        Download Guide

        Off-Plan vs Completed Property

        The ultimate guide to help you choose whether to invest in off plan or completed property in 2024.

        Download Guide
        Question mark on a wooden house. Cost estimate. Solving housing problems, deciding to buy or rent real estate. Search for options, choice of type of residential buildings. Property valuation

        Stamp Duty Tax Holiday

        Another key factor contributing to the consistent rise in property market interest has been the stamp duty tax holiday.

        Announced in July 2020 and originally planned on ending in March 2021, the holiday has allowed investors to save thousands on their property purchases.

        Stamp duty tax is a tax paid on property purchases in England and Northern Ireland. Due to the tax-saving holiday, investors saved over £4,500 on average, with the potential to save as much as £15,000.

        The holiday has recently been extended until the end of June, so if you’re a property investor, you have more time to save some serious money.

        To calculate stamp duty rates on your property purchases, be sure to use our stamp duty calculator.

        RWinvest Investment Finder

        Find the Perfect Investment for you.

          What's your investment objective?

          Minimum investment of £40,000

          What's your estimated budget?

          What areas are you interested in?

          What size property interests you?

          Your exclusive brochure is ready!

          Question mark on a wooden house. Cost estimate. Solving housing problems, deciding to buy or rent real estate. Search for options, choice of type of residential buildings. Property valuation

          Will House Prices Go Up 2024?

          So, will house prices go up in 2024? Well, the Slough property market forecast is incredibly optimistic over the coming years.

          While other southern locations like London are set to see a slow recovery in house prices after the economic uncertainty of the last year, the Slough property market forecast is expected to see tremendous growth.

          Prices in the South East property market are predicted to increase by 16.7% over the next four years, according to Savills.

          Nationally, opinions vary on how much growth is expected over the coming years.

          Most experts anticipate minimal growth over 2024, as inflation and interest rates continue to remain higher than forecasters would like.

          However, the housing market performed better than expected throughout 2023 and property prices grew month-on-month in October and November, indicating a market finding its feet again.

          With this in mind, property prices may increase by the end of the year.

          Overall, the Slough property market forecast is one that investors should get excited about. If you’re asking, “will house prices go up,” then you’re in luck. Thanks to its location and promising financial future, the time to invest in the Slough region is now if you want to take advantage of lower prices.

          Join Our Mailing List

          Sign up to our mailing list today for information on the latest buy to let deals, new property launches, expert insights, and more.

            Question mark on a wooden house. Cost estimate. Solving housing problems, deciding to buy or rent real estate. Search for options, choice of type of residential buildings. Property valuation

            Slough Market Over Last Five, 10, and 20 Years

            To truly anticipate future growth, it’s essential to look at past change within the Slough market.

            Typically, an area that has demonstrated consistent and strong price growth over the decades will likely continue to increase in price over the coming years.

            With this in mind, let’s look at house prices Slough over the last five years.

            There’s been significant growth over the past few years for house prices Slough, with a 10.39% rise in prices since 2015.

            From 2015, there was significant growth in house price rise in 2016, with almost £30,000 in 12 months.

            House price trends in 2017 were equally positive, with house prices rising by about £6,000.

            Growth continued in Slough until hitting a peak of £305,264 in 2018.

            The price drop in 2019 was a trend seen amongst homes in Berkshire. Average property prices in the region hit their biggest drop since the height of the financial crash in September 2009.

            This drop may have been caused by the political uncertainty at the time, with no confirmation on who would be leading the country until the December 2019 election. After this, a considerable uplift in the economy was felt, one now referred to as the ‘Boris Bounce.’

            The year 2015 was a significant turning point for Slough house prices.

            House price rise 2016 and 2015 were at the highest rate in the UK.

            Between January and December 2015, prices increased by over £40,000 – an 18.16% rise.

            This was a substantial growth compared to the previous year. Property prices in Slough were 18.69% higher in December 2015 than in 2014.

            These levels of growth continued into 2016, where property prices in the first five months were over 20% higher year-on-year, peaking in June 2016 with a 24.38% increase over 2015.

            Looking back further still, since 2000, Slough property prices have increased by a whopping 192.49%.

            For comparison, that far surpasses London, which grew by 149.07%, and the UK as a whole, which increased by 168.63%.

            Over the last 10 years, Slough price growth has similarly been strong. Since December 2010, prices have increased by 65.05%. Again, this considerably surpasses the UK average growth.

            Get Your FREE Liverpool Investment Guide

            Everything you need to know about investing in Liverpool, one of the UK’s hottest investment cities.

              Question mark on a wooden house. Cost estimate. Solving housing problems, deciding to buy or rent real estate. Search for options, choice of type of residential buildings. Property valuation

              Why Have House Prices Increased?

              Regeneration Hotspot 

              So why were these growth levels so high?

              Estate agents Your Move and Reeds Rains have attributed the rise in house prices Slough to an influx of jobs and the development of Slough Crossrail.

              Slough Crossrail is a £14.8 billion initiative introducing four high-capacity train services to Heathrow Airport and Canary Wharf.

              Due to the cut in travel time, nearby properties to the link have shot up in price, with a recorded 66% increase in value for houses within a one-mile radius.

              Transport isn’t the only part of Slough that has been given an overhaul, though.

              Several regeneration projects like the £3 billion Slough Urban Renewal project and the exciting Queensmere Shopping Centre are rejuvenating a town that has often been so criticised for its lack of appeal.

              These regeneration projects have led to Slough becoming a formidable economic area.

              A Booming Economy 

              Slough has an incredibly rigid business backbone. There are around 82,000 jobs in the area, with an additional 48,000 workers commuting from the town to cities like London.

              The population of Slough has increased by around 15% over the last decade and now sits at approximately 164,000. Many people are attracted to the fantastic job opportunities provided by the area.

              Slough’s fantastic trading estate is the biggest business park in Europe and features world-class companies like Amazon, O2, and Mars UK. It’s unsurprising then that unemployment levels in the region are a third of the national average.

              The area boasts an unrivalled potential for growth. According to a report from the European Cities and Regions of the Future, Slough is the third most promising region in Europe for infrastructure.

              According to property news Slough 2020, the town could become Berkshire’s economic powerhouse thanks to business and regeneration.

              Slough has a bright future ahead of it, and investing early and anticipating this future growth will undoubtedly pay dividends down the line.

              Inside the London Commuter Belt 

              A key aspect of Slough’s appeal is the fact that it has incredible connections to the capital.

              The area is ideally situated, with nearby access to three major motorways – M4, M40, and M25.

              These superb links place Paddington Station just 20 minutes away, while central London and Heathrow are around 18 minutes from Slough.

              Additional links are also in development to reduce travel time. The Western Rail Approach To Heathrow Airport could reduce travel to only six minutes.

              15% Deposit on Next 10 Units!

              Lock in our exclusive new payment plan available on the next 10 units in this prime city centre development. Only £30k required!

              Question mark on a wooden house. Cost estimate. Solving housing problems, deciding to buy or rent real estate. Search for options, choice of type of residential buildings. Property valuation

              Where to Invest in Slough?

              Now that we’ve covered why people are moving to Slough and the latest property data, it’s time to look at where to invest in Slough.

              Using information from Zoopla, we have compiled data from every Slough postcode to find their rental yield.

              SL0

              House price: £710,190

              Rent: £1,753
              Yield: 2.96%

              SL1

              House Price: £346,384

              Rent: £1,033
              Yield: 3.58%

              SL2

              House Price: £464,573

              Rent: £1,248
              Yield: 3.22%

              SL3

              House Price: £418,026

              Rent: £1,355
              Yield: 3.89%

              SL4

              House Price: £650,701

              Rent: £1,726
              Yield: 3.18%

              SL5

              House Price: £1,039,497

              Rent: £3,837
              Yield: 4.43%

              SL6

              House Price: £574,146

              Rent: £2,272
              Yield: 4.75%

              SL7

              House Price: £642,506

              Rent: £1,889
              Yield: 3.53%

              SL8

              House Price: £623,194

              Rent: £1,281
              Yield: 2.47%

              SL9

              House Price: £1,021,756

              Rent: £1,642
              Yield: 1.93%

              Foreign Investment in the UK 2023/24

              Based overseas? This is the perfect guide for property investors looking to buy property in the UK.

              Download Guide

              Off-Plan vs Completed Property

              The ultimate guide to help you choose whether to invest in off plan or completed property in 2024.

              Download Guide
              Question mark on a wooden house. Cost estimate. Solving housing problems, deciding to buy or rent real estate. Search for options, choice of type of residential buildings. Property valuation

              Top 3 Rental Yielding Postcodes

              1. SL6

              Average House Price: £574,146

              Average Rental Yield: 4.75%

              Coming in at the top of the postcodes is SL6, with rental yields of around 4.75%.

              The SL6 postcode is home to around 77,837 people and covers the Maidenhead area.

              House prices can be a little pricey here, with the average at around £574,146.

              But thanks to substantial rental figures of £2,272, yields here are some of the best you will find in the South East.

              2. SL5

              Average House Price: £1,039,497

              Average Rental Yield: 4.43%

              When house prices are high, you can typically expect lower rental yields, as seen in London. However, thanks to average rental figures that are 291.93% higher than the UK average, investing in the SL5 postcode can get you impressive returns.

              The £1 million average price tag can undoubtedly put many investors off, but if you have the money, it may be worth considering.

              The SL5 postcode is home to around 23,870 people and spans the Ascot area.

              3. SL3

              Average House Price: £418,026

              Average Rental Yield: 3.89%

              Covering areas like Langley and Horton, the SL3 postcode offers some impressive yields in the South East.

              With around 45,163 people living in the area, SL3 boasts quite a high average price. Yet, yields here outweigh both the London and South East averages.

              It’s a location undoubtedly worth considering if you are looking to invest in the Slough market.

              Save £5,000 On Your Next Purchase

              Sign Up to our newsletter and receive a Discount Code for our latest property launch.

                Question mark on a wooden house. Cost estimate. Solving housing problems, deciding to buy or rent real estate. Search for options, choice of type of residential buildings. Property valuation

                Slough vs London

                Slough vs London is a comparison many may find odd at first. After all, on the surface, the economic powerhouse of London cannot be outperformed by a town in Berkshire.

                London accounts for around ¼ of the UK’s total GDP and attracts investment from across the world thanks to its international reputation.

                However, once you look at the statistics, you realise that the Slough market outweighs London in every aspect except for monthly rental income.

                London property is over 162.91% more expensive than prices compared to Slough, with far lower growth rates predicted over the coming years.

                London has been on a downward trend for several years, with growth rates getting smaller and smaller.

                There have even been some negative growth rates. Between December 2018 and December 2020, London property prices dropped by 3.51%. Rental figures have also been dropping annually.

                As of February 2021, London rent had decreased by 4.7% year-on-year.

                These growth drops have been astoundingly high during 2020.

                After peaking in April 2020, with prices of £920,444, London experienced a mini-crash, with falling house prices dropping by £133,817 in just three months – a 14.54% decrease.

                Prices only got worse across the year, and finally ended at £784,006 – the latest figures.

                While many cities experienced a lull in prices in lockdown, most cities saw a resurgence towards the end of the year. This makes London property a risky investment now, as it’s unclear when, and if, falling house prices will recover.

                It’s been a similar case for several years. While London prices have been increasing over the last 10 years, there’s been many peaks and troughs suggesting market instability.

                Take a look at this London House Prices Graph 10 years.

                As you can see from the graph, house price trends over the last 10 years in Slough have undergone a slow and steady growth. Comparatively, London has been relatively unstable with falling house prices since 2018.

                The house price trends over the last 10 years for London haven’t been the most favourable. There’s undoubtedly been incredible growth since 2010, but it has been quite inconsistent.

                There were marked drops in house prices between 2014 and 2015 and 2016 and house prices 2017 London.

                House prices 2017 London were valued at around £778,002- a drop from £811,786 in the year prior.

                Property prices in London 2018 reached a splendid £812,504. While this represented a strong growth compared to 2010, property prices in London 2018 started to fall. Now in 2020, prices are almost £30,000 less.

                With more people than ever leaving London due to hiking living costs, it makes sense to invest in areas surrounding the capital like Slough.

                Best Places to Invest in 2024 Guide

                Discover the hottest UK locations for buy to let investment in 2024.

                  Invest With RWinvest

                  We hope you enjoyed our guide to the Slough housing market.

                  Due to the new Crossrail links in the town, strong house price growth is predicted for the future. This means now is the time to act before prices rise. When investing in property early, you can set yourself up for excellent capital gains in the future.

                  If you’re looking for a Slough house for sale or are interested in investing in property, then you’re in luck. Here at RWinvest, we have some of the finest properties in Slough to offer.

                  Disclaimer: This content was originally written in March 2021. It was updated in June 2023, but by the time you read it, some of the statistics used may have changed. 

                  For the latest on Slough Property Investment and the UK housing market in 2023, take a look at our updated investment guides.

                  RWinvest is an award-winning property investment company that specialises in residential and student property.

                  Our properties in Slough come at some fantastic prices. A luxury Slough development comes priced at just £324,950, with excellent access to nearby train stations for a commuter paradise.

                  We also have fantastic property opportunities in the North West, with prices from just £92,950 and 8% returns.

                  Get a Slough house for sale today and get access to special-limited time offers – only with RWinvest.

                  Disclaimer

                  Contact Us

                  Want to Get in Touch?

                  Fill in the form to contact us today and a member of our award-winning property team will be in touch to help.

                    I can honestly say they have put my mind at rest from day one answering all my questions I had , true professionals, I am not experienced in buying off plan or for a rental income but I have to say the process has been smooth from sales to Chloe in client care and now I’m handed over to the final stage for the site visits
                    I feel very relaxed and happy with how amazing the team have been. I I can’t wait now to see the end built ! Thanks 🙏

                    Kelly Webber

                    Google Reviews Logo

                    I have had the pleasure of experiencing exceptional customer service from RWinvest. Adam and Michelle were remarkable and were exceedingly supportive in facilitating the acquisition of two properties in Liverpool, at "The Gateway." Their guidance was instrumental in the purchase of the properties and I express my utmost satisfaction with their assistance, and I am inclined to not only endorse but also consider any property advertised by RWinvest.

                    Narendra Rai

                    Google Reviews Logo

                    I am very happy and satisfied with RWinvest. Their team was always responsive, supportive and friendly throughout my investment process. Thomas from RWinvest team was especially very supportive and he made sure that I have all the necessary information at the right time. He helped me with all my queries, and helped me to complete my investment process smoothly and with peace of mind.

                    Babak

                    Arrow left
                    Arrow right
                    UK