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Insight & Opinion

Luton retains commuter hotspot crown

Author: Gemma

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London commuter belt hotspots

For real estate investors looking for opportunities in south-east England, one of the most attractive asset classes is buy-to-let property within travelling distance of London.

There are many London commuter belt hotspots to consider, but according to recent research, few are more attractive to commuters than Luton.

Luton still number one for commuters

The Bedfordshire town retained its place at the top of a list of commuter hotspots compiled by estate agents Jackson-Stops, which considered factors including local house prices and the quality of public transport.

In comments accompanying the research, the firm pointed out that workers looking for housing close to London have a lot to think about, not least the cost of travel following the recent increase in rail fares.

Luton has a number of factors in its favour, including a relatively low average property price of £253,988 and a strong rail performance rating. Journey times into the centre of London can be as short as 22 minutes.

Nick Leeming, chairman at Jackson-Stops, said: “With the Bedfordshire town benefiting from significant inward investment over the next 20 years, we can only expect Luton to continue being a key spot for commuters and investors alike.”

Bright prospects

There is a lot for those investing in buy-to-let property in Luton to feel positive about, with a consistent upward trend in house prices signalling a strong likelihood of capital growth.

Furthermore, the Luton Investment Framework has provided a £1.5 billion boost in funding for the town, which will facilitate upgrades to the town centre and the development of hundreds of new homes, shops and restaurants.

There is also an expanding international airport close by and the potential for some 18,500 new jobs to be created over the next 20 years, according to Property Reporter.

What’s more, Luton Council recently announced that planning permission has been granted for Luton Town Football Club’s new stadium at Power Court. The development is set to provide an influx of jobs and an additional boost for the town.

These are all encouraging factors for property investors, many of whom will be on the lookout for opportunities in Luton over the coming year.

Since 2014, Experience Invest has delivered four new-build developments in Luton. Each development boasts high occupancy rates and has delivered reliable rental return to investors.

If you’re looking for a property investment in a London commuter belt hotspot, Experience Invest is currently offering early investor discounts of up to 10 per cent at Imperial Square, a development of one and two-bedroom apartments in the centre of Luton.

Features including a club lounge, cinema room and 24/7 concierge service, combined with the town’s appeal as a commuter hotspot, will help to ensure this property attracts a lot of interest on the private rental market.

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