Thriving county with strong transport links makes a sound property choice
Essex as a county offers pretty much the best of all worlds when it comes to making a sound property investment whether as a home to live in yourself or as a buy to let investment.
The many benefits of Essex for property investment
Supply and demand – while there are plenty of properties in Essex – the whole area grew from an inter-war housing boom – there are also plenty of people looking to make it their home, so in general there’s always likely to be a steady demand so protecting prices.
That said, it’s important to think in the longer term; trying to buy and sell quickly to ‘flip’ a property for a profit may work but then again may not. Alternatively, if you’re prepared to buy wisely for the longer haul it’s highly probable that your investment will pay off.
An experienced property professional with sound knowledge of the Essex housing scene such as these estate agents in Brentwood can help to identify property opportunities and the best areas to buy.
Transport links and commuting
A particularly strong selling point for many Essex towns and areas is proximity to London and strong transport links.
Rail – areas such as Brentwood, Romford, Hornchurch and Basildon are shortish train journeys from London and access to stations is generally good.
Strong transport links and accessibility make a huge difference to local property prices – when transport links are strengthened it often prompts a spike in values.
To this end, property is likely to rise when Crossrail comes on stream. This massive railway project will make train travel into London and beyond – right out to Reading in Berkshire to the west of the capital – much faster and reduce the change for tube connections and so on.
In Essex, Crossrail will start at Shenfield, onto Brentwood and along the main line to include Romford, Chadwell Heath on to Ilford and into London. Properties within easy reach of these and other Essex Crossrail railway stations will stand a very good chance of rising sharply in price.
If you require good links and access to Crossrail if buying your main residence or are looking to choose property to appeal to commuters who might rent it, then this ‘Crossrail corridor’ represents a good investment choice.
In general, property within reach of main line rail links is a good bet for investment potential.
Road – various roads pass through Essex and link the county with London and other important areas such as major airports and other parts of the country.
The A12 connects London with East Anglia and much of it passes through Essex – it’s especially close to places such as Romford, Brentwood and Chelmsford – and the M25 is easily accessed from towns like Brentwood.
Air – Essex’s own airport, Stansted, easily reached from the M11 and A120 is already a major air hub and likely to increase its passenger handling capacity in the future.
An increase in air travel options from Stansted could help property prices strengthen as more people choose to live within reach of the airport.
The county is much more than developed towns sitting next to busy railway stations; some parts of Essex are as pretty and countrified as anything else you’ll find in the UK.
Historical towns including Thaxted and Chipping Ongar and lovely villages contain period properties and a rural-style environment, but at the same time aren’t far from strong transport links and amenities.
For example, both Thaxted and Finchingfield are less than half an hour’s drive from Stansted Airport and key road links such as the A120 and M11; and towns such as Billericay offer opportunities to buy property with lovely views over open country, yet still within striking distance of towns with strong transport links and amenities such as Brentwood and Basildon.
In general, Essex is well connected wherever you decide to buy property, and therefore most parts should prove a sound investment.