Brentwood in Essex lies close to the M25, some 20 miles east-north-east of London’s Charing Cross. The thriving town saw a 10% jump in population between the 2001 and 2011 censuses, taking its total number of residents up to 52,586.
Brentwood presents a uniquely appealing opportunity for property investors. The town is a success in its own right. It also offers an ideal location for those looking to work in London but live further out, thanks to the newly operating Crossrail service between Brentwood and a range of central London stations.
In a nod to its rural past, Brentwood still has plenty of green spaces and parkland, as well as a good selection of schools and local amenities. It has all the attractions needed for contemporary family life. Plentiful local employment opportunities have resulted in the town enjoying an unemployment rate that is much lower than the national average – 1.9% compared to the UK average of 4.5%.
Brentwood’s economic success means that is has no areas that are considered deprived. The town also enjoys a crime rate that is lower than the average, along with a higher than average rate of adult wellbeing. Essex Insight also reports that Brentwood has the highest proportion of jobs to population of anywhere in the county.
Already an attractive place to live in its own right, Brentwood also benefits from the newly launched Elizabeth line trains that are reducing journey times into central London as part of the £14.8 billion Crossrail infrastructure project. By cutting rail travel times into the capital significantly from June 2017, Crossrail has suddenly opened Brentwood up to a vast swathe of renters who previously viewed the town as just a little too far outside of London.
The initial announcement of Crossrail led to an influx of house buyers in Brentwood. It’s opening is now doing the same for renters, making the town an exciting prospect for buy-to-let property investors. Prices in Brentwood have risen by 31.5% in the past five years, in reflection of the town’s potential. The average apartment there sells for £287,677 according to Zoopla data from August 2017, while the average asking rent is £1,197 per month.
When it comes to Brentwood, everything stacks up. The town offers a safe, family-orientated place to live with decent education and employment options, all within easy reach of the plentiful employment opportunities of central London. It’s growing population is putting pressure on housing, making it the ideal suburban location in which to invest in residential property.