Guess what? It’s time for the second instalment in our location lowdown series. Here we’re providing an in-depth look at the areas we operate in at Balgores Property Group.
Right now it’s Brentwood’s turn…
The area
Brentwood is a suburban town which is inextricably linked to everything that is Essex. Although the early history of the town is fairly obscure, we do know that the Great Roman Road ran through the town linking London to Colchester.
Brentwood is ideally located in south west Essex and lies just beyond the M25. This means that London locations can be accessed with ease.
The town’s close proximity to the M25 also means that Stansted Airport is within easy reach – only a 30 minute drive away.
The commute into the capital isn’t too troublesome, either. Trains into London Liverpool Street are frequent, and the journey takes around 40 minutes.
These days it would be difficult to talk about Brentwood without mentioning TV show The Only Way is Essex, affectionately known as TOWIE, which is filmed in and around the town, and has increased the town's profile and visitor numbers.
Like many of the TOWIE stars, Brentwood’s high street has experienced somewhat of a facelift in recent years.
It now contains a range of boutique and high street stores and various eateries, as well as a shop or two belonging to the stars of the show.
When it comes to keeping its residents busy, Brentwood doesn’t disappoint. As well as the town being home to the famous nightspot Sugar Hut, it also contains Brentwood Theatre; a great place to catch the latest production or comedy show.
Alternatively, if you’re a little more artsy, then the Brentwood Arts Cinema Club could be your cup of tea.
The sales market
Brentwood is one of Essex's housing hotspots and remains an area where you can get more property for your money when compared with the bright lights of the capital.
The demand for property in Brentwood has continued to grow, which caused house prices to rise in 2015.
While national house price growth stood at around 6% last year, according to the Land Registry, in Brentwood, prices rose by 11.5% on average.
First-time buyers and those who are looking to settle down will be the ones who are most likely to be drawn to the area, as Brentwood contains beautiful rolling countryside spots and some prestigious schools; two things which remain high up on the list of desirable characteristics for young families.
The rental market
In a study by Rightmove, it was revealed that Brentwood is one of the UK's top locations for landlords to gain great returns on their investment, which is in turn attracting more landlords to invest in the town.
It has been reported that rents in the East of England increased by an average of 7.8% in the last year alone.
Renter’s aren’t getting a bad deal either by choosing Brentwood as their home. Living here provides them with access to plenty of local amenities and great connections to the capital.
Despite rising significantly in recent times, average rents in Essex are still cheaper than those on offer in Central London, Greater London and the South East.
What does the future hold?
There is a real buzz around Brentwood at the moment, which is in some part down to Crossrail.
This new transport infrastructure, which is set to open in 2018, will better connect Brentwood residents to nearby areas as well central London locations.
It will provide more frequent services to Tottenham Court Road and Canary Wharf, which is fantastic news for Brentwood's army of commuters.
The buzz around Crossrail has already started to affect property prices and that's why selling or letting a property in Brentwood or the surrounding areas could earn you a pretty penny.
To contact our office in Brentwood please call 01277 216800 for sales, or 01277 210506 for lettings.
Alternatively, if you would like to discover how much your property could be worth in the current marketplace, then try our free online property valuation today!
https://www.balgoresproperty.co.uk/News/14229/The-lowdown-onBrentwood.aspx
