Revealed: the most sought-after suburbs across Britain
Last week The Telegraph published an article comparing price growth in suburbs and satellite villages around cities in England (excluding London), Scotland and Wales. We were not at all surprised to read that one of their success stories was Kidlington in Oxfordshire.
We first predicted the growth of Kidlington in January 2014 as we announced that our Inspired Investment division – helping buy to let landlords to acquire properties in Oxfordshire – was going to focus on the area due to the planned Oxford Parkway train station at Water Eaton.
An example of this was through the acquisition of a 1 bedroom house close to Begbroke Science Park in Kidlington which is now achieving a 6% yield. (Image 1)
We could see that a new train station between North Oxford and Kidlington – providing a direct link into London Marylebone (the first station mainline station in the UK to London for over 75 years) would make it one of the best located stations in the county. It was clear it would also have a positive impact on local property prices, which were traditionally more affordable in comparison to other areas of the city.
Kidlington was suddenly an attraction for investors and the station made it an ever more attractive area to live for tenants; being on a commuter route and only a short drive from Oxford city centre. A large proportion of the Oxfordshire workforce commuted into the city from Kidlington and Bicester and with the additional interest from commuters travelling to London we forecast that house prices in the area were going to boom.
By January 2015 we had already seen prices start to increase as we helped people to invest in the area and this recent article has confirmed our prediction: prices have risen more than 14% year-on-year to an average of £392,930.
Our team at ‘Inspired Investment’ is still investing in the area and currently in negotiations to acquire further properties which would be built specifically for the private rented sector.
If you are considering entering the buy to let market and are interested in learning more about what our Inspired Investment team is buying in Kidlington or indeed anywhere in Oxfordshire, then make sure you talk to either Frank or Maxine for no-obligation advice 01865 302308.