The Best Areas of Swindon: Buy-to-Let Property Investment Hotspots

Why Swindon is one of the best places to invest in property in the UK. Check out the property value and rental demand to find out more!

Swindon is popularly known for its Magic Roundabout, but there is more about the city than what meets the eye. Despite being a regional centre hosting the scariest road junction, it is quickly becoming a commercial and economic hub. With a population of 221,966 residents, Swindon is one of the largest cities in the South West of England, and this figure is estimated to grow by over 10,000 by 2028.

As a home buyer, there are various factors to consider before making an investment. These include earning, affordability, health and wellbeing, safety and education. More importantly, if you are looking to invest in Swindon from overseas, you should make sure you understand the laws. Also, consider the accessibility of amenities that matter to you; for example, as an Arabic investor, check out if there are mosques in your area.

Entertainment facilities such as land-based casinos are on the checklist of some investors. While most rural areas may not have such gambling establishments, the accessibility of online betting sites will come in handy. As a UAE punter, there are reliable guides on recommendable online sportsbooks that offer a wide range of sports markets, including football and horse racing and where your safety is guaranteed. Additionally, the site checks for the most generous welcome bonuses, which boosts your bankroll.

Why Invest in Swindon

Research conducted by the UK Powerhouse City Growth Tracker indicated that Swindon is the 15th fastest growing economy in the UK. The city records an annual economic growth of approximately 1.3%. As a result, many jobs have been created. The annual rate of job growth now stands at 0.9%.

Apart from the economic aspects, this town has a rich cultural and historical background. The latest survey by Halifax Quality of Life Survey places it among the best 50 destinations to settle in the UK.

Property Value in Swindon

When it comes to buying a house in Swindon, the region is heavily priced. For instance, HM Land Registry data reports indicate that the average property price goes for approximately £274,000. The city is located in sought-after Wiltshire, and is priced at the lower end of the scale to other towns and cities.

According to the HM Land Registry reports, the average price of a house in the Swindon Borough Council area is £221,547. Nevertheless, this economic hub is accommodative to first time buyers where you buy a property worth £70,000.

Rental Demand in Swindon

The Swindon Market Rent Summary provides accurate statistics on the rent that landlords in Swindon demand. The report shows that the average monthly rent is £678. However, there are different types of properties charging varying amounts of rent. For example, a one-bed property, two-bed property and three-bed property are charged at £620, £778 and £938, respectively.

Most investors are considering developing their property for shared owners because this venture has better returns. If you want to buy a house in Swindon, you can look up some critical information from the Swindon Borough Council.

Property Investment in Swindon

South-east Swindon areas such as the Swindon town center, West Leaze and South Leaze are the oldest areas in this region. The kind of property that you will find are period houses that date back to the Edwardian and Victorian eras. You can also find traditional terraces on offer.

With the growing economy, some investors build modern estates to take advantage of the ever-increasing demand. The Old Town and Railway Village are home to some of the most expensive streets in Swindon. The inner-city districts are fairer compared to the two regions. Although it is primarily a cultural hub for Swindon residents, the Old Town has some of the best eateries and entertainment joints.

Conclusion

Swindon has huge prospects because it plans to extend it towards the east. The New Eastern Villages (NEV) is currently taking shape as one of the most outstanding projects in England. It intends to create leisure facilities, employment spaces, new schools and over 8,000 homes. The project will cover 700 hectares, which is a massive piece of land. This is why you should consider buying property in this part of the UK.