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Hi - Yes Oxley and Kingsmead are very acceptable and pleasant areas to live . As an investment though they don`t excite me as much as some other areas as they are fairly run of the mill . I don`t see anything there to accelerate the investment over and above the norm . But if you get one at a good price and add value to it it will like anything does , hold its own, so its not the area so much but the actual individual deal in that area . But if you take that as a given anyway then what i I mean is , is there any additional factor over the next 5 years which will make buyers say I glad I got into Oxley in 2019 because look at it now . I may be wrong and they may have something planned in the wings which i dont know about .
That`s when the micro DD comes in and that takes time to research. But one thing for sure is that if a population doubles in 30 years there will always be winners and losers. Some areas will gain prominence and prices and rents will rise above the long term average. Some areas though which may be shiny now will lose that shine if they become maybe too crowded and over developed or say a new school / shopping centre opens 5 miles away and starts to draw people away from what was previously a buzzing hub of activity .
One thing i particular dislike about some of the new estates is the lack of adequate parking . They cram them in and make them 3 stories calling them 5 bed when really its a 3 bed with 2 add on rooms in the attic . But with them come extended families with 3 /4 cars in tow so the pavements are used routinely for the spill over and the roads are narrowed as a result and it makes everything feel cramped . No room to extend or add value really so yes its a good routine solid investment but aim for better
Jonathan Clarke. http://www.buytoletmk.com
Hey Jonathan, all the above are pertinent points and relevant. I can see where you are coming from mainly the view that which areas would be in next 5-10 years a better 10x appreciation as compared to others. And you're right Oxley and Kingsmead are done not much expected in terms of change or improvements. Whereas the areas you mentioned above I can clearly see have massive scope for improvement and thus more possibility of 10x growth. I've my work cut out now and thank you very much for all your inputs and recommendations, very much appreciated. Regards AR
Excellent Post there JC - very helpful and insightful.
Luton is Ok, I wouldn't dismiss it, Mk is getting expensive and once was cheaper than Luton, not much in it now
My place in Luton is about 15 mins from train station and the service is quite good. The M1 being close to London helps as a lot of trades people work in London, certainly the tenants I've had.
CG has slowed down quite a bit in Luton and I'd probably say MK as well. I purchased my 3 bed 5 years ago for £155k, now worth about £220k, nearly all of the CG was in the first 3 years, rents for £950 very easily, never had a void.
Luton has its problem estates, but so does most large towns, some of the MK estates are certainly no better than Luton, just keep away unless the deal it too good.
Hey KLR, what part of Luton is that? what's your views on the area around the airport which has a lot of new development on. There's also speak about additional trains running to Luton parkway from 2021 when the new transit system is proposed to start.
``Jonathan, please tell me your comment about the franchised football team in MK was a joke. Stadium MK should be called stadium MT, literally nobody there, even though they give away free tickets to schools miles away. ALLEGEDLY losing £10k per day. They will not be in the prem, they tried that and failed.``
There was a dream that was the premiership...it shall be realised