With property prices in London rising way beyond the reach of the vast majority of prospective house hunters, coupled with the electrification of the Bath to London railway line, means an ever increasing number of house hunters are considering the Georgian city as the best place to put down their roots.
Although the project’s completion date has been put back, once the electrification of the Great Western rail line is complete, travel time from Bath to London will be comparable to the time many London commuters now undertake to get to work and home again each day from the more traditional commuter belt hot spots.
With average house prices in central London currently standing at an eye-watering £690,693*, and Greater London now exceeding £500,000, cities like Bath, and in particular, developments like Crest Nicholson’s Bath Riverside, are becoming ever more attractive for those looking for somewhere to buy.
Prices for a two-bedroom property at the award-winning development currently start at £387,000 - a difference of just under £304,000 when compared to central London.
Factor in the cost of an annual season train ticket of £9,396** and house hunters will still benefit, whilst enjoying living in the centre of the world heritage city.
For those looking for something a little bigger, current availability also includes a number of four-bedroom townhouses from £799,950 plus a selection of stunning, high-end penthouses.
Mary Timlin, sales and marketing director at Crest Nicholson Regeneration believes now is the time for prospective house hunters to consider Bath Riverside before the penny drops and more people realise that the famous city is well within comfortable commuting distance of the capital.
Mary said: “The fast accelerating London house prices and the electrification of the main Great Western line is going to bring cities like Bath a lot closer to London. This is going to make it very attractive for those happy to commute.
“At current prices the difference between Bath Riverside and central London is the equivalent of about 32 years of annual train passes!
“Although large numbers of people from Bath are already letting the train take the strain, shorter travel time, more frequent trains, 20 per cent more seats, more tables and more legroom will see increasing numbers of people moving out of London and buying homes in and around the West.
“With London house prices continuing to spiral, a commute of an hour 20 is fast becoming a preferred option – even when you take into account the cost of a season ticket.”
Small enough to get around easily but with an independent, creative and stylish atmosphere unlike any other city in the country, it’s easy to see why so many people love visiting Bath.
Boasting what is arguably the best example of Georgian architecture anywhere in the country, the Roman Baths, surrounding countryside, a host of superb restaurants, pubs and bars have acted as a magnet for visitors for many years.
Offering a variety of properties the award-winning development includes a selection of stunning waterside Villas, townhouses, penthouses, mews homes and apartments.
Reflecting the exciting, progressive attitude of the city, they present a modern twist on Bath’s Georgian past with a specification and layout that meets the need of today’s discerning house hunter.
And as the only development that offers new homes on the banks of the River Avon, Bath Riverside is even more unique.
For further information please call 01225 463 517 or visit www.crestnicholson.com/bathriverside
The marketing suite on Victoria Bridge Road is open daily from 10 am to 5pm.
* Based on Land Registry Dec 2015
** National Rail standard class; annual season