A recent report has revealed the savings that workers can make by moving out of central London to an outlying commuter town. The report estimates that the commute to and from Reading could save workers an average of £350,600 on the price of a property[i] when compared to prices in London zone 1 and 2.
With the opportunity to get better value for money and a smaller mortgage, more people than ever are cashing in their assets and moving to commuter towns. Testament to this is Kennet House, Crest Nicholson’s development in Reading, which is proving popular with former London residents looking to save money on their property.
Susan Young, Sales and Marketing Director, Crest Nicholson Regeneration, comments: “With London property prices continuing in the ascendant, we are seeing more and more interest from people who’ve realised that they can make huge savings by moving out of the Capital. In doing so they free up some extra cash which means that they can really enjoy life on a weekend. Even with the increase in travel costs, for most people moving out of London enables then to live a much more affordable and consequently enjoyable lifestyle.
“Whilst the commute is obviously more expensive than within central London, that is more than offset by the lower property prices - the fact is that people are usually able to upgrade to a bigger property and still save money, even after they’ve bought an annual season ticket.
“With so many fantastic entertainment options on offer in Reading, lower mortgage repayments mean that in many cases the move from London enables residents at Kennet House to make the most of their weekends, going out more frequently than they could previously have afforded to.”
Unlike many new build developments, the remodelled building at Kennet House comprises New York-style studio suites, one and two-bedroom single storey apartments and two-bedroom duplexes.
The stylish apartments boast a sociable and spacious open plan living area, perfect for dinner parties with friends against the riverside setting. Built to the highest specification synonymous with Crest Nicholson, the apartments come with fully fitted contemporary kitchens complete with stainless steel Bosch appliances. Stylish bathrooms contain classic white Roca suites, complemented by Porcelanosa wall tiles and white sanitary-ware.
Each apartment enjoys generously sized bedrooms, and the one and two-bedroom properties benefit from built-in wardrobes and ample storage. The two-bedroom apartments also enjoy en suite shower rooms, ensuring that they are as accommodating of guests as they are for live-in landlords who choose to rent out a room.
With trains to London Paddington leaving frequently, the convenient location of the apartments, within walking distance of Reading station, makes the quick commute to London extremely convenient with approximately a 30 minute journey time. The Town centre of Reading is bustling with things to do and see; boutique and high end shopping, an array of restaurants, bars, cinemas and leisurely strolls around the picturesque Kennet River and countryside beyond.
Currently available at Kennet House are two-bedroom apartments priced from £320,000 or from £256,000 with Help to Buy. For more information or to book an appointment with Crest Nicholson’s sales team, please call 0118 402 7015 or visit www.crestnicholson.com/kennethouse
[i] Survey by Lloyds Banking Group