Chapter two of our Slough property investment guide will look at regeneration in Slough.
Here you will find the latest regeneration schemes helping to grow Slough into a top place to live and work.
- The regeneration scheme that’s massively improving Slough’s transport links.
- How regeneration in Slough is improving the quality of life for residents.
A Hotspot for Regeneration
When it comes to property investment, cities with regeneration ongoing are often the first to catch the attention of savvy investors.
Cities with extensive regeneration point towards a strong housing market with positive capital growth rates and high rental demand.
Since Slough is an area that’s benefitting from many impressive regeneration projects, it’s clear why Slough property investment is becoming more attractive.
Helping support this industrious backbone, the Slough Borough Council has set their sights on completely transforming the town with tonnes of investment in Slough through regeneration.
From improving transport links to transforming the town centre, Slough will be unrecognisable in the next decade.
So what are the most significant regeneration schemes in Slough that you should know about?
The New Crossrail Route
The primary investment in Slough that should get investors excited is the fantastic new Crossrail route.
Costing a whopping £14.8 billion, the new Crossrail links will offer four new, high-capacity train services to London’s key areas like Heathrow Airport and Canary Wharf.
All in all, Crossrail links will bring around 1.5 million people within a 45-minute trip to Central London.
With these additional links, transport connections will only improve, substantially impacting house prices in Slough.
It has been recorded that properties within a one-mile radius of the new Crossrail route have increased in value by a staggering 66%.
The time to buy property in the area has never been better with the ability to take advantage of growing capital growth rates.
The Slough Urban Renewal Project
It’s not just transport links in Slough that have had a much-needed makeover.
Through the incredibly ambitious Heart of Slough regeneration project, the city’s quality of life has regularly improved for residents.
Initially valued at £450 million, the Slough Urban Renewal project has gone from strength to strength, with current estimates placing the regeneration at a value of over £3 billion.
Major landmarks have been rejuvenated and developed thanks to the Slough Urban Renewal and Slough Borough Council.
The first completed project was the cultural hotspot, The Curve. Reaching completion in 2016, The Curve is a stunning library with an iconic design.
The development houses performance venues, community learning spaces, exhibition spaces, and the Slough Museum.
Costing around £22 million, The Curve’s unique three-dimensional curved design helped it with Development of the Year in 2017.
Another exciting development is the Queensmere Shopping Centre, which will lead to the development of two million square feet of office space, 500,000 square feet of retail and food units, and 1,200 new apartments.
The scale of investment in the area is, quite simply, staggering. The Slough Northern Extension will see the creation of 10,000 new homes.
And with other major housing projects underway, Slough property investment seems like an exciting proposition for investors.