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I see the town centre is being re-developed so some cash is being invested into the area. However, unlike other not-to-far-away ex-military towns like Aldershot, it is not anywhere near a train line, which has me wondering about future growth as major roads are limited to the A31 and A3. It's a bit in the middle of nowhere!
So has anyone looked into this area or already invested? If so, why, and if not, why?!
Hi Adam,I live in Guildford so this is my neck of the woods, although I do not invest in Bordon.I agree with your observations. It's a bit out on a limb and the transport links are quite congested. The lack of train station is a major issue as this is prime commuter belt.As ever, chatting to local agents will give you insights into tenant demographic and demand.It is a lot cheaper than Guildford, so, like Aldershot, may attract people who work in the Guildford environs but cannot afford to live there.It's a curly one!
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Aldershot is not a cheap area any more! Prices this decade have gone up greatly as the area has become gentrified and a lot of people have realised the train service and road links are very good.
Bordon, hmm, well this is the advert that even reminded me the place existed! I've never seen such a hype job.
https://www.rightmove.co.uk/property-for...14257.html"The property is situated on the outskirts of Whitehill which is close to the ever expanding Bordon with a new town centre in the offing and relief road. The town centre is expected to open in stages between late Autumn 2020 and Easter 2021. The approved plans include a six-screen cinema, an indoor market and pop-up stalls, an arts and heritage centre, offices, around 20 shops and restaurants, a new food store and 170 residential units. There will also be up to 1,085 car parking spaces, and over 7,000 square meters of public open space areas, including a town park, upper and lower town squares and an arrival square.
Having secured planning approval, by East Hampshire District Council, the Whitehill & Bordon Regeneration Company is pleased to reveal some of the operators who will be moving into the new town centre:
The cinema, which will be located on the site of the former Sergeants' Mess, will be operated by The Big Picture, and will also feature an outdoor screen for summer events. The Big Picture has experience of managing major cinema projects across the UK and Europe and will be operating the Whitehill & Bordon cinema under an independent brand name.
The Makers Market
At the heart of the town centre will be Makers Market, Street Food Scene and Themed Outdoor Markets, operated by Market Asset Management, which already runs a number of indoor markets throughout the UK, including Darlington, Doncaster, Tottenham and Watford. Makers Market will provide a vibrant, alternative retail, business and food offering that is complementary to the rest of the town centre, with entertainment, street food and covered market facilities.
A new business hub
Within the Makers Market building will be a new managed area for start-up businesses. The new business hub will offer a range of spaces for small business owners, including individual offices, co-working areas, rentable meeting rooms and a roof-top bar. The business hub will be operated by SiGNAL and Oxford Innovation, which already successfully runs BASE Bordon innovation centre and has established a business community for local start-ups.
Work has already started on the new leisure centre, which will be operated by Everyone Active on behalf of East Hampshire District Council."
Well to be fair, those are all very positive indicators of a property hotspot! You might be on to something! See - Anatomy of a property hotspot
The nearest station from that property is 3.7 miles away as the crow flies, and it's Liphook, which is a more desirable area.Alton has the station to the north, Liphook to the south.
If Bordon ever managed to tack on to the railway for one of those, then the prices would definitely increase.