Investment opportunities for priced-out London commuters

According to research from Knight Frank, house prices in central London have grown by over 26% in the last year, and it seems as if commuter towns outside of the capital are set to reap the benefits. Rising prices in London mean that many young buyers cannot afford to buy in the city, yet this is having an increasingly positive impact on surrounding towns.

The unaffordable housing market in London encouraged 26 year old Neil Andrews to buy a stylish two bedroom apartment at Crest Nicholson’s Viridian Square development in the heart of Aylesbury, Buckinghamshire. Aylesbury is conveniently situated close to central London with a journey time of approximately 45 minutes into Marylebone, making it perfect for those priced-out commuters.

Neil comments: “I have every confidence in the vibrant market town of Aylesbury and hope that my investment in a growing commuter area will set me up for many years to come. My journey to work is now pain-free compared to some of my colleagues who don’t live in such a commuter-friendly location.”

Aylesbury itself is a vibrant, thriving market town with a strong sense of history. The town centre is currently undergoing an exciting redevelopment, and future proposals will include opening up the Grand Union Canal, providing the area with a waterside development featuring new shops, public spaces and a dramatic new cultural centre.

Yet despite being a buzzing commercial hub, the town retains the accessible and friendly qualities that make living there so relaxed. Home owners can take advantage of nearby amenities such as the designer shopping outlet at Bicester Village, the hotel, spa and restaurant at Hartwell House and the beautiful countryside of Aylesbury Vale.

Neil adds: “The apartments provide the perfect haven from my busy lifestyle. The green space within the development is something that I never expected to be able to afford. It is certainly something that you could never find any closer to London, for the same price!”

Viridian Square comprises 214 one and two bedroom apartments. Arranged around a beautifully landscaped communal courtyard garden, the development echoes a traditional London square. Exteriors combine warm red bricks with buttermilk render and elegant pitched roofs.

Inside, the stylish apartments offer a high specification with contemporary co-ordinated kitchens and modern bathrooms featuring designs by Villeroy & Boch and Hansgrohe.

Sales and Marketing Manager, Kerry Jones of Crest Nicholson (Chiltern) Ltd, comments: “There was a great deal of anticipation surrounding this scheme, and with its high specification and ideal location I’m not surprised that the homes are being snapped up so quickly, both by investors and professional buyers alike.”

As well as London, Aylesbury is ideally situated for access to a number of other major cities, including Watford, Milton Keynes, Oxford or Birmingham, and is also within easy reach of Heathrow Airport. Road links with the A41 offer immediate access to the M40 North at Junction 9 or, via the A418, access to Thame, the A04 ring road to Oxford or the M40 South Junction 7 for London and the M25.

Prices at Viridian Square start from £199,950 for a two bedroom apartment. For sales information visit Crestnicholson.com.