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Bracknell is a well located down in the M3 - M4 corridor with good transport links to London which attract commuters.A large regeneration project is underway in the town centre - The Lexicon shopping centre.A jewellery store, stationery and shoe shop have been announced as the latest brands to sign up for space in the mall.
Beaverbrooks, Smiggle and Foot Locker will all set up shop in the new town from spring 2017, the Bracknell Regeneration Partnership (BRP) announced last week, despite gloomy retail forecasts in the run up to June's EU referendum.
Asian restaurant Tang's was also named as the latest to take on a space in Eagle Lane joining Wagamama, Carluccio’s, Gourmet Burger Kitchen, Nando’s and Chimichanga in Bracknell's 'restaurant quarter'.Vodafone has also revealed it will leave its current base in Princess Square and double in size at a new location in The Lexicon development's Braccan Walk. Simon Russian, development manager for Legal & General on behalf of BRP, said: "The growing list of retailers choosing to open new stores at The Lexicon is big testament to the attractive and vibrant new town centre that is currently being built.
"Despite some negative predictions in the run up to the EU referendum, interest from UK based and internationally based potential retailers has remained high.
He added: “It is a great vote of confidence in the scheme that Vodafone has committed to a larger space within the town centre."Full/source story Since 2010, Bracknell Constituency has seen the generation of over 200 new businesses, with the claimant rate and youth unemployment rate falling to below 1%.The transport system is being overhauled with improvements at Bracknell rail station and £6.5m is being spent on roads in the borough.If you invest in Bracknell, please share first hand insights here. Related content:5 factors indicating capital growth potential "Prosperity" hotspots hint at capital growthAnatomy of a property hotspot - 12 indicatorsBTL income or capital growth? how to get a balance?Brand new property hotspot, read all about it!!!!!! Top 10 Property Tribes resources to learn how to find property dealsUnlikely signs that an area is ripe for property investmentNew Land Registry app to find cheapest and most expensive properties in any area
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**
I bought my first investment property about 4 1/2 yrs ago in Bracknell. Since i bought the place it has gone up in value by about 80k and has always been occupied. When i bought this one, next door was on the market at the same time and i am kicking myself that i didnt buy that as well....
Since then I have bought 2 further properties in and around the area but prices have increased so much I have now been priced out of the market to make the numbers work. That said i am hoping that with Brexit I may be able to buy 1 more before the prices are out of reach.
Like most places there are areas that are better than others but I wouldnt hesitate to buy there again.
Thanks Vanessa. We have one HMO in Bracknell that we bought and set up in 2014...we didn't buy more than that as a) price growth didn't match what we were getting in Reading b) demand for rooms was far lower than in Reading.Fast forward to now and room demand is still low in Bracknell (and the HMO market is for that matter saturated in Reading).The town centre regeneration will help the town but we have several tenants in our Reading properties who work in Bracknell but don't live there because they prefer the Reading scene and faster train route into London. If investing in single lets then Bracknell is probably best described as a solid long term but unspectacular market. That may change if the regeneration is successful and they retain prestigious retail tenants...the town is sandwiched between higher value areas.As for property values in Bracknell and the near surrounds prices seem to have stalled, due to a mixture of heady prices earlier in the year, Brexit and the government's continued assault on the private rented sector.
* New build residential developments and flat conversions in the Home Counties* High end HMOs in Reading and Bracknell
Bracknell is being hailed as a new property hotspot - here's why:Where the capital was once king, particularly for investors, now regional cities and commuter towns have begun to take its place. One such town is Bracknell, which is fast emerging as a prime investment location, with property prices seeing a 55% rise in the last decade.
As a cornerstone of the rapidly growing UK Silicon Valley, Bracknell is a key destination for forward-thinking technology businesses with unrivalled transport links in and around the region. Thanks to a 20-year, £770 million regeneration project, Bracknell is emerging as the next prime investment destination as renters are priced out of an increasingly unaffordable London market.
Historically, Bracknell has experienced phenomenal growth with prices rising by 249% since 1999. While the area still remains affordable with the average property priced at £367,458 – compared to nearby London (£729,105) and Guildford (£534,993) – areas of Bracknell still experienced property growth of 18% last year alone.
This exceptional growth is being driven by a focused vision of transformation, rejuvenating the leisure spaces and amenities in the area while creating new residential and commercial developments ready to accommodate the rising tenant demand.
At the heart of this growth is The Lexicon, a £240 million development featuring high-end brands such as Fenwick, Waitrose and L’Occitane that has transformed Bracknell’s core into a vibrant retail and leisure destination.Commercially, Bracknell is already established at the heart of the UK’s tech corridor and a vital hub for the world’s technology industries, attracting huge brands including Dell, Honda and HP. The town’s technology sector has provided the basis for market growth over the last 10 years and nearly 40% of office takeup has been by tech firms.
This has impacted population growth as professionals flock to the town for employment opportunities. Bracknell is already home to over 120,000 people, forecast to increase by 15% by 2036, representing one of the highest projected growths in the country.Full/source article