08 Feb by Daniel Williams

Slough Property Investment: 5 Reasons to Invest in Slough

The town of Slough often gets some bad press. Belittled in public media by the likes of Ricky Gervais in the hit TV show The Office, the Berkshire town located just outside of London is traditionally seen as a run-down and unattractive living space.

The reality is much different, though. You may be surprised to hear that Slough has frequently been voted one of the best places to live and work, and offers some of the best opportunities for property investors.

In any investment, a region should offer key fundamentals to be worth your time. From a thriving economy, excellent growth rates, and fantastic transport links, Slough has them all.

Ranking as one of the country’s best commuter towns, property investors will see some substantial house price growth if they choose to invest. In this guide, we will explore the Slough region and explain why Slough buy to let and Slough property investment might be worth your consideration.

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Why Buy Property in Slough?

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1) The Slough Region Has a Booming Economy

Despite being situated so close to London, and sitting in the London commuter belt, the Slough region is often in a league of its own when it comes to economic strength.

With a population of 164,000, it is estimated there are around 82,000 jobs in the area, with 48,000 workers commuting from the town to major cities like the capital. More and more people are attracted to the prospect of Slough each day, with the population increasing by 15% over the last decade.

It’s unsurprising why so many people choose to live in Slough rather than other South-Eastern cities. The main reasons behind this is the employment opportunities. The town boasts impressive statistics when it comes to business and enterprise, making it a great option if you’re considering an investment in property.

Slough unemployment levels are a third of the national average, and the town is home to the largest concentration of global corporate headquarters outside London. With huge businesses like tech giants Amazon, Mars UK, and O2 all located on the Slough Trading Estate, it’s easy to see why workers are eager to live here.

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The business backbone of Slough is incredibly robust. The town is based on industries like tech and manufacturing. It has often been referred to as the UK’s Silicon Valley with a tech-centric industry worth a whopping £8 billion.

The prior mentioned Slough Trading Estate is the biggest business park in Europe and is responsible for the employment of over 20,000 people across 500 companies. According to the Centre for Cities, all these statistics result in the fact that Slough is considered the most productive place in Britain.

It’s not just the town’s present that is exciting, though, Slough has a great future ahead of it. According to the European Cities and Regions of the Future report, Slough has been listed as the 3rd most promising region in Europe for infrastructure. Not bad for a town so heavily criticised in popular culture!

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2) A Hotspot for Regeneration

Helping support this industrious backbone, the Slough Borough Council has set their sights on completely transforming the town with tonnes of investment in Slough and new developments in Slough.

From improving transport links to transforming the town centre, Slough will be unrecognisable in the next decade and dispel any myths about the town’s quality.

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.

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It’s not just transport that has been given a makeover, however. Through the incredibly ambitious Heart of Slough regeneration project, the city’s quality of life has regularly improved for residents. Initially valued at £450m, 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 win 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, as well as 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, like the ambitious Steel House and Iron House, Slough property investment seems like an exciting proposition for investors.

With other major housing projects underway, like the ambitious Steel House and Iron House, Slough property investment seems like an exciting proposition for investors.

Daniel Williams, RWinvest

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3) Fantastic Transport Links

The bulk of Slough’s appeal to businesses and workers is its fantastic location. The town sits in the London commuter belt, with easily accessible transport links to get anywhere in the capital.

Around 48,000 workers commute from the town each day, with around 20,000 employees based at the Slough Trading Estate alone. These commuters rely on excellent transport links, and the Slough region offers plenty of options.

Nestled right by the M4, M40, and M25, Slough is connected to hundreds of locations in the country. The town also lies on the Great Western mainline railway route with trains into London, the South West of England, and Wales. In fact, London’s famous Paddington Station is less than 20 minutes away.

With all these established transport routes, it’s unsurprising that Slough was voted the 3rd most promising region in Europe for infrastructure by the European Cities and Regions of the Future report. That’s not the only impressive accolade the town has, though. It was also voted the 2nd best location in all of Europe for connectivity.

It gets even better for Slough investment property, with tonnes of projects underway to bolster connectivity even further. The prior mentioned Crossrail route development is set to connect the town to even more locations in the heart of London. Slough is already just 18 minutes away from Central London and Heathrow.

With this new train route, 24 minutes have been shaven off the total travel time to Canary Wharf. Not only this, a potential new railway called the Western Rail Approach To Heathrow Airport could reduce travel time to just six minutes.

Slough is already a prime location for businesses. With its proximity to businesses and these new transport routes, more and more people will continue to be attracted to Slough. The population in the town has increased by 15% in the last decade. These statistics will likely increase over the upcoming 10 years.

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4) House Prices Slough Have Massive Predicted Growth

For investors considering Slough buy to let and Slough property investment, it’s essential to understand the fundamental principles behind the area’s property market. From rental yields, house prices, rental costs, and forecasted growth, a city or town needs to have strong statistics before it is worth considering.

Luckily, for those considering Slough investment property, the town offers some of the property market’s best statistics.

Let’s start with house prices in Slough. As it stands, Slough house prices sit at around £332,936, on average. This may seem relatively high, especially comparing it with other buy to let hotspots like Liverpool property and Manchester property, which have average prices of £189,833 and £239,577, respectively.

The average UK property currently sits at a record high of £253,374, according to Halifax, meaning Slough is higher than that too.

However, in context, Slough house prices offer some of the best property value around. 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, which has average values at 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. You can get a luxury property like Steel House and Iron House from just £386,950, which is vastly below the rates you would get in the capital.

If you use property investment companies like ourselves here at RWinvest, you can make a tonne of savings on Slough house prices, so it’s worth considering before taking the plunge and buying property.

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It’s not just current property prices that are excellent, though. The town also has some of the best-predicted property price growth in the country. As of January 2021, property prices had increased in Slough by over 6% compared to early 2020.

Furthermore, Savills latest UK property price forecast has predicted house prices in the area will rise by 17.3% by 2024. Factoring in the likelihood that price growth will be even higher depending on the proximity to the new Crossrail route, it seems now is a great time to act and purchase property in the Slough region.

 

Sizeable Rental Growth for Properties in Slough 

Another aspect growing for properties in Slough are rental values. As it stands, the average rent is around £1,177, according to Zoopla. This is higher than the UK average calculated by Homelet, which sits at about £979. While this is good news for investor pockets, these values are only set to increase over the coming years.

Rental values in the South East have risen by a staggering 7.1% in 2021 compared to 2020. This growth rate will continue throughout the year and beyond, with estimates suggesting prices will increase by 11.5% in 2024.

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 is the calculation of how much money you earn as a percentage of your initial investment through rental income.

Based on Zoopla’s latest data in 2021, you can expect the average property in Slough to generate yields of up to 4.23%. 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%

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5) Slough Property Investment Outperforms London

If you’ve ever considered property investment, the chances are London has entered your mind. It seems like an obvious choice. The capital has the largest economy in the UK, the largest population, and attracts considerable overseas investment.

However, while these are all decisive factors to consider, all of the latest statistics show the city is in a downward spiral. The North West is currently leading in terms of property growth, and other southern towns and cities like Slough properties are offering a far more affordable option for South East residents.

As of 2021, London property values are around £910,000. This can get even more expensive, depending on what property you are interested in. A four-bedroom family home is valued at a staggering £1.1 million. This means average London house prices are over 171% more expensive than Slough.

When considering Slough’s proximity to London, the excellent transport links, new developments in Slough, and the large business sector, it makes little financial sense to choose the capital. In fact, Slough is the most productive economy in the UK, and is even more productive than London.

It’s not just affordability that London fails on, but also growth rates. London is expected to see property prices increase by around 12.7% by 2024. That’s 5% less than Slough.

Furthermore, rental values are also dropping. While rent in London is the highest in the UK, with Zoopla finding average asking rent sits at £2,664, rental costs have been known to drop in the city.

Recent statistics show that rent prices have dropped in value by a sizeable 4.5%. Comparing this to Slough, which has seen growth rates upwards of 7%, and it’s clear property investment Slough is a more suitable option for those looking towards the future.

The combination of high prices and reducing rents have resulted in low yields in London property. As it stands, the average rental yield is around 3.5%, with some estimates placing it at closer to 2%.

With Slough yields available at over 5%, London property does not compare well to the Berkshire town.

 

Southern towns and cities like Slough properties are offering a far more affordable option for South East residents.

Daniel Williams, RWinvest

Best Buy to Let Areas Slough

If you’ve decided that Slough properties are worth your investment, then you will likely want to know the best place to live in Slough. The best buy to let areas Slough include locations like Langley, Britwell, and more.

Population: 17,583

Average house price: £422,237

Found in Slough’s Eastern districts, Langley is technically a separate township but is often referred to as part of Slough. The east of Slough features area like Shreding Green and Iver, and is popular amongst residents and workers due to its excellent transport links. It is located very close to major motorways like the M40, M4 and M25, and also has significant train stations in reach. You can expect reasonable house prices of around £422,237, with rental yields of almost 4.5%.

Population: 2,378

Average house price: £350,515

Ranking as a strong contender for the best place to live in Slough, Wexham in Northern Slough is desirable for residents. You can find the vast Wexham Park hospital here, and desirable commuter spots surround it. In general, Northern Slough is fantastic for investors and includes suburbs like Britell and Manor Park. There are some excellent prices for properties in Slough found here. Based on the SL1 postcode, you can earn yields of around 3.5%

Population: 35,500

Average house price: £350,515- £515,638

Western Slough is a dream for commuters with nearby transport links like the M4 and Burnham’s railway station, providing excellent access to businesses. It is also near the Slough Trading Estate, which employs over 20,000 people. This means you can expect some tremendous rental demand, making the area one of the best buy to let areas in Slough. You can expect yields of around 3.5% here.

Population: 28,700

Average house price:  £332,936

Located near the town centre and Central Slough, the town’s southern suburbs include Salt Hill and Upton. The area is ideal for its house value, which sits lower than the other areas covered on this list. It’s access to the M4 and town centre make it one of the best places to live in Slough. Coupling that with its yields of around 4%, it is worth considering by property investors looking for the best buy to let areas in Slough.

Overall, it is clear that Slough property investment is one of the best places to invest in UK property. It is one of the best commuter towns outside of London, with massive house price growth and capital growth. If you want an investment hotspot with giant businesses, excellent Crossrail links, unrivalled journey times into London, and just minutes from Paddington station and Heathrow Airport, Slough is the location for you.

Langley

Population: 17,583

Average house price: £422,237

Found in Slough’s Eastern districts, Langley is technically a separate township but is often referred to as part of Slough. The east of Slough features area like Shreding Green and Iver, and is popular amongst residents and workers due to its excellent transport links. It is located very close to major motorways like the M40, M4 and M25, and also has significant train stations in reach. You can expect reasonable house prices of around £422,237, with rental yields of almost 4.5%.

Wexham

Population: 2,378

Average house price: £350,515

Ranking as a strong contender for the best place to live in Slough, Wexham in Northern Slough is desirable for residents. You can find the vast Wexham Park hospital here, and desirable commuter spots surround it. In general, Northern Slough is fantastic for investors and includes suburbs like Britell and Manor Park. There are some excellent prices for properties in Slough found here. Based on the SL1 postcode, you can earn yields of around 3.5%

West Slough

Population: 35,500

Average house price: £350,515- £515,638

Western Slough is a dream for commuters with nearby transport links like the M4 and Burnham’s railway station, providing excellent access to businesses. It is also near the Slough Trading Estate, which employs over 20,000 people. This means you can expect some tremendous rental demand, making the area one of the best buy to let areas in Slough. You can expect yields of around 3.5% here.

South Slough

Population: 28,700

Average house price:  £332,936

Located near the town centre and Central Slough, the town’s southern suburbs include Salt Hill and Upton. The area is ideal for its house value, which sits lower than the other areas covered on this list. It’s access to the M4 and town centre make it one of the best places to live in Slough. Coupling that with its yields of around 4%, it is worth considering by property investors looking for the best buy to let areas in Slough.

Overall, it is clear that Slough property investment is one of the best places to invest in UK property. It is one of the best commuter towns outside of London, with massive house price growth and capital growth. If you want an investment hotspot with giant businesses, excellent Crossrail links, unrivalled journey times into London, and just minutes from Paddington station and Heathrow Airport, Slough is the location for you.

Interested in Property Investment Slough and Property News? Contact RWinvest

As one of the country’s top investment locations and located ideally outside of London, Slough investment property is an excellent choice.

If you are looking for property to buy in Slough or property to let in Slough, why not consider RWinvest? We are a property investment company with over 16 years’ experience in residential and student buy to let.

With Slough property available from just £386,950, prices in Slough are far more affordable than other South-Eastern cities. Contact our expert sales team to learn more about the latest opportunities, including Liverpool property and Manchester property.

Also, be sure to check out all the latest property news on our website and read the latest guides to Liverpool property investments, Birmingham property investment, and London property investment.

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